T Clarke looks at new markets as margins stay tight

Grant Prior 10 years ago
Share

T Clarke said its strategy of targeting prestige projects in its traditional M&E market and widening its focus in new sectors is paying-off with a resilient set of full year results released today.

The quoted M&E specialist saw turnover tick-up to £183.8m for the year to December 31 2011 from £179m last time while pre-tax profit fell to £4.9m from £5.7m.

The company is working on some of the highest profile jobs in the country including the Walkie Talkie tower and the Shard in central London.

Chief executive Mark Lawrence said: “We are trusted on the most complex and large scale projects.”

T Clarke’s southern division was the main driver of the numbers making £1.7m from a £117m turnover at a profit margin of 1.5% – down from 4.3% last time.

In the North operating profit was £1.9m from £49.7m at a margin of 3.8% while the Scottish business made a loss of £700,000 on a turnover of £17m.

T Clarke is now expanding in seven other sectors outside of the core M&E division.

They are: Intelligent Buildings, Facilities Management, Green Technologies, Rail, Utilities and Technologies, Manufacturing and Residential and Hotels.

Lawrence said: “Our markets remain challenging, but we are pleased with the group’s performance, which demonstrates the resilience of T Clarke.

“The Board is encouraged that the mix of our business has broadened in line with our strategy of widening the range of services we offer.

“Looking ahead, we are well positioned.  In uncertain times the strength of our reputation is shining through.

“We are trusted by our clients and we continue to work alongside the top-tier of developers on many of the highest profile projects in the UK.

“As a result, our order book is strong and we are pleased with the diversity of our revenues.

“We have an encouraging number of opportunities to tender for projects across the full range of our eight target sectors.  In conclusion, we remain optimistic that we will continue to drive the business forward.”

Latest news

Construction leaders launch inflation busting taskforce

All sides of industry urged to work together rather than row over price hikes
7 hours ago

Track worker killed by train was controller of site safety

Distracted rail worker "lost awareness of his position relative to the line the train approached on"
4 hours ago

MechFS went down owing £9.5m to supply chain

Subcontractors left holding millions in worthless invoices
12 hours ago

HG Construction profit jumps 50% to £25m

Multi-storey homes and student accommodation jobs drive sales to record £243m
12 hours ago

Go-ahead for Newcastle’s largest build to rent project

Work to start on 14-storey flats complex in the autumn
11 hours ago

Contractors wanted for £288m Northumbrian Water frameworks

Ten lots up for grabs under latest major civils deal
11 hours ago

Plans in for 142-room Exeter net zero hotel

RED Construction to build first of hotel developer's planned chain of net zero hotels
11 hours ago

Rail workers vote to strike over maintenance job cuts fears

Network could grind to a halt next month
11 hours ago

Race for £100m Immingham ferry terminal job

AB Ports aims to start work in mid 2023
1 day ago

Sisk wins Stockport £60m Weir Mill restoration

Work to start next month on 250 flats scheme
1 day ago

Developer swoops for 1,000-flats landmark Leeds site

Revised plans to be submitted by the end of the year for start soon after
2 days ago

Dominvs seals £173m funding for 713-bed student job

HG Construction to start major Hammersmith student complex in November
2 days ago

Briefings start for £1bn Midland Mainline Electrification plan

Market engagement starts for next seven sections covering 139km route to Sheffield
1 day ago

Forterra pushes back £27m factory refurb plan

Supply chain shortages hit project as brick prices rose another 12% last month
1 day ago

Speedy Hire results slowed down by KPMG

Hire giant left "frustrated and disappointed" by delay request from auditor
1 day ago

London office starts set to surge over next 6 months

Deloitte Crane Survey predicts jump in starts in Capital despite high building costs
2 days ago

Fit-out firm BW Workplace slips into the red

£5.2m backdated R&D tax credit deal lifts after tax performance
2 days ago

Hinkley Point delayed another year as costs rise by £3bn

Covid blamed for construction delays and cost increases
5 days ago

Competition probe launched into Bouygues’ Equans takeover

Bouygues is hoping to finalise acquisition later this year
2 days ago

TfL seeks developers for trio of over-station sites

Plum sites at Bank, Paddington and Southwark come with consent for 600,000 sq ft
2 days ago

Underwater drone used to check offshore wind farm foundations

Underwater robots deployed for inspection and maintenance work
2 days ago

DfE to unveil plans for school procurement shake-up

Supply chain summit to be held next month in Birmingham on future of schools frameworks
5 days ago

Plan for £100m clifftop hotel and flats in Newquay

Developer Salboy's landmark scheme to go in for planning shortly
5 days ago

Top 30 M&E contractors set for growth – ranking

Major M&E firms prepare for work surge after riding out pandemic
5 days ago

Former Mace boss joins Taylor Wimpey board

Mark Castle takes on another non-exec role
5 days ago

ISG starts £28m duo of Yorkshire leisure centre jobs

Harrogate and Knaresborough leisure centre jobs get underway
5 days ago

HS2 workforce surges to 25,000 jobs milestone

Over 2,500 firms form the HS2 supply chain
5 days ago

Green light for 1.4m sq ft Yorkshire logistic hub

Work at the site, located 24 miles from Leeds city centre, is expected in September.
5 days ago

Contractors lift tender margins to 9% on bids in the Capital

Developer Landsec to press ahead with trio of London office schemes this year despite cost inflation
6 days ago

Fire safety work plunges Countryside to £182m loss

Countryside Partnerships forms dedicated division to handle retrofits on a 123 buildings
6 days ago

Contractor services