But the specialist warned ahead of its annual general meeting that the main issue facing the group is the timing and strength of the improvement.

“Market conditions continue to be challenging, despite early indicators that suggest some restoration of confidence in the construction of significant new build commercial properties, ” said the firm in its statement.

“The majority of these schemes, if secured, would form part of the Group’s revenue from mid 2011 through 2012.

The group says it demonstrated its ability to maintain market share, with an improved forward order book that stands at £200m (2009: £175m).

The new work haul includes the re-development of Victoria Underground Station, which, Clarke said reflected its raised capabilities in the rail sector.

Clarke said it had made good progress integrating facilities management specialist D&S Engineering Facilities.

Since announcing the acquisition in March, D&S had traded in line with expectations.

Net cash stands at £11m, down on last year’s comparable £21m pot after paying £8.1m for D&S.