VP
VP. · Main Market · Industrial Goods and Services · mcap £209m · 524.0p 2 open situations →
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Brandon Hire Station repositioning
Brandon Hire Station was cut to about 40 branches, with c400 jobs lost, from November 2025 and the consumer market exited. Benefits were expected in FY27. The October 2026 update says performance has improved, though General Construction remains hard. Restructure exceptional costs fall in this year.
- Progress
- Brandon Hire Station performance has improved following last year's restructure
- Exceptional costs
- Some restructure-related exceptional costs recognised in this financial year, as expected
- Market
- General Construction market challenges continue
- Next milestone
- Interim results on 25 November 2026
Next: further details at interim results · 25 Nov 2026
- 12 Oct 2026 Restructure done; performance improving, exceptional costs booked
- 10 Jun 2026 Restructure complete; benefits expected in FY27
- 17 Apr 2026 Materially completed, in line with expectations
- 11 Feb 2026 Good progress; branches cut to 41, c.400 headcount reduction
CEO succession
New CEO Alice Woodwark started on 1 February 2026 and is developing a medium-term plan. The October 2026 update cites an enhanced Executive Committee and continued digital investment, but gives no plan targets. Further details are due with the interim results.
- CEO
- Alice Woodwark, CEO since 1 February 2026
- Leadership
- Enhanced Executive Committee has strengthened the Group's leadership
- Digital
- Digital transformation programme continues to improve operational efficiency
- Next milestone
- Interim results on 25 November 2026
Next: further details at interim results · 25 Nov 2026
- 12 Oct 2026 Plan in development; strategy progressing, details at interims
- 10 Jun 2026 Diagnostic done; plan in development
- 19 Dec 2025 Successor appointed; starts 1 February 2026
- 27 Nov 2025 Recruitment in progress
Company filings. Not investment advice.