TClarke sees profit margins hit 4.4% in London

Grant Prior 2 months ago
Share

Listed building services group TClarke has seen margins rise across London and the South East to 4.4%.

Results for the six months to June 30 2017 show margins in the group’s core region up from 1.9% last time.

Across the whole group TClarke saw margins dip slightly to 2% from 2.2% due to delayed projects and legacy accounting issues in the Central and South West region.

Group underlying pre-tax profits were up during the period to £2.5m from £2.3m as turnover increased to £142.8m from £121.6m.

The company said: “It is pleasing to note that in spite of the uncertain economic and political climate, we have continued to grow our order book with good quality work and improving margins across most of our regions and a significant uplift in our core London and South East operations.

“Actions to address areas of the business with lower revenues than expected are in hand, coupled with targeted expansion in areas of the country where we are underrepresented.

“Our market reputation for operational excellence and successful delivery of the most complex assignments underpins our optimism for the future. 

“The Board remains cautiously optimistic about the Group’s future prospects and we look forward to updating shareholders on the progress that we make during the second half of the financial year.”

Latest news

Interserve likely to breach banking covenants

Interserve in talks with banks as rising cost of exiting energy from waste prompts another profit warning
14 hours ago

Aarsleff MD exits in management shake-up

Danish parent company to refocus UK business
10 hours ago

Betting Spy: West Ham can shock Spurs in the cup

Price is too big on visitors who could face a Tottenham second string
17 mins ago

Lagan on the hunt for new North West suppliers

Open day next week to highlight work opportunities: Register now
5 hours ago

Hinkley chief buyer joins Murphy

Laing O'Rourke procurement head Ian Holcroft joins rival contractor
1 day ago

Marshalls expands in drainage market with CPM acquisition

Building products giant buys concrete pipe specialist for £38m
14 hours ago

Lovell poaches Quintain director for London MD role

Ben Giddens joins as London regional managing director
22 hours ago

Amey highways drivers wear anti-dozing collars

Contractor trials range of wearable technology to make workplaces safer
14 hours ago

Skanska schools director joins Wates

Martin Kramer joins Wates as Home Counties pre-construction director
1 day ago

Clugston to start £13m Leeds College of Building job

Phase 2 of Hunslet Campus in Leeds gets underway
21 hours ago

Architect trio advance £200m Gateshead Quay plan

Plan for conference and exhibition centre to be submitted by the end of next year
1 day ago

O’Rourke firms fined £3.8m after concrete factory death

Court hears how worker was crushed by 11 tonne concrete panel

Lendlease profit rebounds despite Scottish problems

UK construction business returns to strong profit
2 days ago

McAlpine to start HMRC office at Cardiff central square

Work to start on fourth major office build at £400m city centre regen scheme
2 days ago

Prime Minister summons house builders to strategy meeting

Theresa May looks to boost construction levels
2 days ago

Muse leads £75m Dartford town regen scheme

Work to start in spring 2019 on Westgate mixed-use scheme
2 days ago

BAM submits £32m Jedburgh campus plan

Work to start in spring on borders all-through school campus
2 days ago

Trio picked for Midlands multi-storey parking plan

Bourne Parking, Blackwells and Dawnus in line for multi-storey park and ride programme
2 days ago

Multiplex staff let go as sites run down

Site office teams broken up as schemes nearing completion
3 days ago

Bouygues set for £300m Cavendish physics lab

Cambridge University awards first contract under new framework
3 days ago

Murphy to install 60km underground power cable

Contractor to smash UK record for horizontal drilling
3 days ago

McMullen lands £11m cladding package from O’Rourke

Specialist to start on site in April at Liverpool cancer hospital
3 days ago

Bellway delivers 11% rise in home completions

Bellway plans to open new division in the north as demand surges
3 days ago

Mace seeks to boost transport consultancy

Mace makes two senior appointments to drive airport and highways work
3 days ago

Lidl to build its largest UK warehouse in Peterborough

New £80m warehouse is discount giant's 6th to be announced this year
3 days ago

Concrete problems hit Hinkley Point tunnels

Material needs to be replaced after failing quality checks at nuclear plant
4 days ago

Interserve lenders call in advisers amid cash crunch fears

Interserve says work underway to give greater clarity on current trading and provisions
4 days ago

Balfour/Mott seals £115m area 10 road upkeep extension

Highways England opts to extend Area 10 assets support contract
3 days ago

Morgan Sindall nets £16m fisheries HQ

Existing Cefas buildings in Lowestoft will be refurbished before new office is built
4 days ago

Construction growth to stagnate next year

Construction faces recession if promised infrastructure spend delayed
4 days ago

Contractor services