Vp, the fast-growing Harrogate-based hire business has announced increases in profits and revenue as it marks its half year. The firm’s UK division saw a 46% rise in revenues to £175.3m, and its international operation reported a 14% increase in revenues to £17.9m.

The listed company reported a rise in pre-tax profit to £23.9m for the six months ending 30 September, compared with £20.3m achieved the previous year. Revenues also saw significant growth, rising by 42% to £193.2m.

The half year results included a £39.4m contribution from Vp’s latest acquisition, Brandon Hire, which it bought for £69.2m a year ago.

The company also reported capital investment in Vp’s fleet rising to £36.7m and EBITDA increasing to £51.6m.

Neil Stothard, CEO of Vp, said: “The acquisition of Brandon Hire we made about a year ago has given us a good boost in terms of growth. Integration of the business is going well and it is the largest acquisition we’ve ever done.”

Jeremy Pilkington, chairman of Vp plc, said: “The group has produced yet another excellent set of results with revenues, profits and earnings per share all significantly ahead. Both our UK and international divisions have performed strongly with most of our business units busy supporting stable end markets.

“In the UK division, whilst Brexit continues to be a distraction, day to day activity seems to be continuing largely unaffected. With the benefit of a strong first half, which includes an in line contribution from Brandon Hire, we look forward to the remainder of the year, and beyond, with every confidence.”