T Clarke bid teams busy as orders stream in

Aaron Morby 8 years ago

Building services contractor T Clarke has reported strong demand in the first six months of the year with a large number of schemes out to bid despite the Brexit vote.

The contractor said its forward order book was back at last year’s £320m level, with 2016 work secured and key decisions due before the end of the year on two major London jobs.

Mark Lawrence, chief executive, said strong trading in the first six months saw turnover rise 13% to £122m with half-year pre-tax profit from ongoing operations slightly ahead at £1.7m.

The firm’s net cash position improve by £10m from a net debt of £8.7m to a positive net cash position of £1.3m.

Lawrence said that opportunities for growth remained attractive, despite EU referendum uncertainty.

“Demand for our services continues to be strong with opportunities across the group encouraging and we have seen excellent levels of activity within our estimating teams.

“A number of notable schemes are currently being bid which will provide good revenues for 2017.

“Although we note the comments of certain UK based developers, it is too early to evaluate any impact as a result of the EU referendum decision,” he said.  

Operating margins were slightly lower at 1.7% (30th June 2015: 1.9%), reflecting the mix of work and stage of completion with several significant schemes having only recently started on site.

He added that additional revenue opportunity was being targeted in London and the South West where there was some spare capacity but remained confident that planned revenues for the year would be in line with expectations. 

New contracts secured

  • BAe Systems at Samlesbury, Training Academy and a facility for aircraft components
  • Deutsche Bank, Victoria
  • Exeter University, Tremough Campus, Sports Centre and Nursery
  • Hounslow Civic Centre
  • Rolls Royce Legacy Facility, Sunderland
  • Sheridan Park, Durham Students Accommodation
  • South Shields Town Hall, Edwardian Block
  • The Dukes Residential Development, Ferniegair, Hamilton
  • White City Place, former BBC offices at White City

Latest news

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
15 hours ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
15 hours ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
19 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
18 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
19 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
19 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
1 day ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
2 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
2 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
2 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
2 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
2 days ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
5 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
5 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
5 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
5 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
5 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
5 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
6 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
6 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
7 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
6 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
6 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
6 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
6 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
7 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
7 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
7 days ago

Contractor services