T Clarke secures London Bank Station M&E job

Aaron Morby 11 years ago

A raft of big contract wins for building services specialist T Clarke has helped the firm to weather the stormy M&E market.

Clarke has just signed a deal for the London Underground Bank station revamp adding to a set of big contract wins in the capital in the last six months.

The firm said it was now seeing greater client activity in the Capital but this had yet to work through to improved margins in the struggling sector.

This meant the building services firm only managed to break in its south region despite rising orders.

Reporting improved half-year group results, pre-tax profits edged up from £500,000 last time to around £800,000 in first half of 2013 on revenue surging 26% to £115m.

The south division covering London and representing £91m of total turnover failed to make a profit .

All group profit was generated in the North West region, with its smaller Scottish region posting a small loss.

Mark Lawrence, chief executive said: “The group has performed well, delivering a profitable half year, despite the continuing challenges in our markets.

“The forward order book has been maintained at £225m and we have improved the visibility of our workload, with some projects extending into 2015 and beyond.

He warned: “Competition remains fierce, yet we remain focused on choosing carefully which projects we tender for. Our cash position is solid and we ended the half year with an increased balance of £7.8m.

“Looking forward, there are signs of increased client activity especially in London, although this has yet to translate into improved margins.”

New contracts

  • Bank Underground Station, London
  • Aberystwyth Student Accommodation, Wales
  • Queen Elizabeth II Hospital, Hertfordshire
  • BNP Paribas, London
  • Hendon Apartments, London
  • Imperial Tobacco Phase 2, Bristol
  • Mark Lane, Commercial Office, London
  • University of Bath, Somerset
  • Witham Leisure Centre, Essex
  • Barclays Bank, Gloucester
  • 60 VE Fire Alarm, London
  • Springfield Community Center, Corsham
  • CALA Homes, Fairmilehead, Edinburgh
  • Yorkshire Building Society, Leeds
  • BAE Systems, Farnborough and South Wales
  • Fitzroy Place, Residential, London
  • Drumchapel Police Station, Glasgow
  • Fulston Manor School, Kent
  • Leverndale Hospital Mother & Baby, Glasgow
  • ITV Studios London, London
  • 20 Fenchurch Street – Cat A Works, London
  • Filton Campus, Bristol
  •  Plot L Chelmsford Business Park, Chelmsford
  • Carlsberg Brewery, Leeds
  • Cruddas Park College, Newcastle
  •  South Tyneside College, Newcastle
  •  Cornwall Council Security Framework, Cornwall
  • Royal London Hospital OPD enabling works, London
  • Newcastle College, Newcastle

Waitrose Stores including:

  • Helensburgh, Argyll
  • Chipping Sodbury, Gloucestershire
  • Aylesbury, Buckinghamshire
  • Oundle, Northamptonshire
  • Watford, Hertfordshire
  • Henley on Thames, Oxfordshire
  • Sidcup, Kent
  • Westbury Park, Bristol


Latest news

Taylor Wimpey chief honoured with CBE

Jennie Daly recognised in King's Birthday honours
10 hours ago

Geoffrey Osborne supply chain hit for £26m

More than 500 suppliers and subcontractors left holding unpaid bills
1 day ago

SME contractors agree 4% pay rise for site workers

Workers will also get an extra day of holiday
1 day ago

Labour to mothball £320m A27 job to fix potholes

Manifesto confirms Arundel Bypass canned as "poor value for money"
2 days ago

Lendlease’s £1.9bn Smithfield Birmingham scheme approved

Initial work to start later this year despite questions over Lendlease's degree of involvement
2 days ago

Crest Nicholson rejects £650m Bellway bid

Second Bellway approach rebuffed
2 days ago

Hill submits £800m East London estate rebuild plan

Over 1,900 homes to be built in five phase at Teviot Estate in Poplar
2 days ago

Plan approved for 8,500-seat Edinburgh indoor arena

Construction expected to start next year once a contractor is appointed
2 days ago

Statom starts on £25m Bristol Airport precast car park

Major work package on transport upgrade being overseen by Griffiths Farrans JV
2 days ago

Build problems plunge Crest Nicholson to a £31m loss

House builder unearths more defects on completed sites
3 days ago

Rebooted Amey lifts contract win rate to 1 in 3 bids

Amey chief says firm exceeded expectations in first year under new owners
3 days ago

BAM Nuttall fined £2.3m after worker drowned

Court hears how series of safety failures led to tragedy
3 days ago

OCU buys Scottish civils contractor RJ McLeod

Deal takes multi-utility infrastructure specialist revenue to over £800m
4 days ago

£220m plan to restore secret wartime tunnels approved

Tunnels under High Holborn to become cultural exhibition space
3 days ago

Galliford Try wins £69m Scottish school job

Deal sealed on Paisley Grammar School project in Renfrewshire
3 days ago

Balfour wins design for £690m Skye transmission job

Main work contract for 137km power line to be awarded later this year
4 days ago

Student and resi developer Fortis goes under

Cheshire based developer follows construction arm into liquidation
4 days ago

Construction output falls for third month running

Heavy rain and strong winds blamed for sharp fall in activity in April
4 days ago

Plan in for Leeds 27-storey block of flats

390 flats planned at former Morgan Sindall office site
4 days ago

Firms readied for £1.5bn Parliament estate upkeep deal

Invitation to tender due to go out next month
4 days ago

Amey switches kit supplier

Deal with HSS was worth £24.5m a year to rental specialist
4 days ago

Track workers scatter to avoid runaway rail trolley

Track trolley careers 1km towards work site
4 days ago

Direct delivery model pays off as Murphy profit soars to £67m

Group operating margin jumps from 3% to 5% in record year
5 days ago

Ex-Galliard boss to lead Battersea next building phase

Don O’Sullivan joins as plans advance to start phase 3C of power station redevelopment
5 days ago

£100m Digbeth 33-storey flats job out to bid

483 flats will be delivered for Clarion housing association
5 days ago

Van Elle fined £233,000 after piling rig kills driver

Court hears how tragedy was caused by poorly maintained plant
5 days ago

Renew buys utilities contractor Excalon

Infrastructure giant expand into electricity transmission market with £26m deal
5 days ago

Planning for new homes plunges to record low

Home builders call for urgent action from incoming government
5 days ago

JTRE starts £400m 21-floor London tower scheme

Office block and 64 affordable homes to be built at 220 Blackfriars Road site
6 days ago

R G Carter construction profits up despite 24% revenue fall

Selective client choice help profit jump to £6m from £1m previously
6 days ago

Contractor services