NuGen Properties

Van Elle completes Rock & Alluvium acquisition

Rock & Alluvium is now part of Van Elle

Van Elle said that the acquisition of Rock & Alluvium, announced on 26th October 2023, had completed on 30th November.

It added: “There are early signs of a recovery in commercial and residential opportunities in London and the southeast which Rock & Alluvium, as part of the Van Elle Group, is well placed to benefit from. Accordingly, the board expects the acquisition to be accretive to underlying earnings in the first full year of ownership.”

In a trading update today for the May to October period, Van Elle said that revenues were down 16% (£68m compared to £81m last year) but margins were holding up at close to 4%.

“There continues to be uncertainty and subdued activity levels in some of the group’s end markets, particularly the housebuilding sector, which is expected to continue into the second half of the financial year,” it said.

“However, further progress has been made on several substantial growth opportunities in the energy sector.”

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Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

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Great firm to communicate with fast and good quality work.