T Clarke powers ahead on London major project wins

Aaron Morby 8 years ago
Share

Building services specialist T Clarke is forecasting a strong year ahead on the back of major London orders, despite fears of a cooling commercial market in the capital.

The firm said this morning that it expected revenue for this year to be well ahead of 2016 at over £300m with underlying pre-tax profit around £6.5m.

Mark Lawrence, goup chief executive, said that the next few years looked encouraging based on forward orders and the pipeline of opportunities

Lawrence said: “While maintaining our selective approach to bidding, our forward order book now stands at £380m against £320m at the same time last year and a record £392m at the interim stage.”

He added: “We have already secured £190m and £100m of our planned revenues for 2018 and 2019 and beyond, respectively.

“We are encouraged by the number and quality of the opportunities that continue to be available both within our established M&E markets and from the new opportunities that we are pursuing, driven by sustained investment at national level in both technology and infrastructure. “

In London T Clarke has secured the electrical shell and core package for the twin towers at One Nine Elms.

Nearly 500 new flats will be delivered within the 58-storey City Tower and 43-storey River Tower with a 187-room Dalian Wanda  5-star hotel at the bottom, the first of its kind in Europe.

The firm has also nabbed the M&E shell and core packages for Lendlease’s 290,000 sq ft building S9 at The International Quarter London, Stratford development.

Latest news

Wates and Mount Anvil seal deal to deliver 1,100-plus London homes

Site deal with Southwark Council includes 360 council houses
8 hours ago

Contractor hunt begins for £5.7bn Thames Water reservoir

Main works tender issued for Oxfordshire White Horse Reservoir job
15 hours ago

Worker dies on Winvic warehouse site

Fatal accident on £15m Kent job
15 hours ago

£74m refit of landmark Bristol office to go-ahead

Summer start for low-carbon overhaul of Grade II Canons Wharf
16 hours ago

Birmingham City Hospital site set for 750-home rebuild

Homes England and Vistry seal deal to kick-off demolition and rebuild
16 hours ago

Barhale promotes trio in senior leadership shake-up

Contractor creates new executive director role in Southern restructure
17 hours ago

£1.5bn funding to tackle cultural buildings repair backlog

Museums, libraries and arts venues set for major repair works
17 hours ago

JJ Rhatigan lands £78m City office conversion

Main works will start on Barbican site following Gateway 2 approval
1 day ago

Muse scoops 1,350-home Barrow docks regeneration

Developer picked for Marina Village waterfront plan
1 day ago

£15bn Warm Homes Plan maps out mass retrofit drive

Government pledges insulation, solar and heat pumps for up to five million homes
2 days ago

FK Facades and Construction placed into administration

40 jobs axed as Man City stadium and Elephant & Castle facade jobs stall
2 days ago

Galliford Try lifts profit outlook for first half

Firm upgrades full-year profit outlook backed by £211m cash pile and a £4.1bn order book
2 days ago

Chinese mega-embassy plan in London approved

Royal Mint Court scheme approved opposite the Tower of London
2 days ago

Winvic targets data centres market

Contractor looks to expand into new sector
2 days ago

South West civils firm Roadform files administration notice

£31m turnover contractor lodges court notice
2 days ago

Plans in for Derby Market Place regeneration

VINCI and ION push forward flagship city revival project
3 days ago

Kier returns to monthly net cash for first time in over a decade

Balance sheet turnaround comes as order book hits record £11.6bn
3 days ago

Strabag UK snaps up failed HV transmission contractor

Austrian giant makes move on UK energy market after GTDS pre-pack deal
3 days ago

Mace name to disappear from UK contracting

Construct arm to be renamed as consultancy takes Mace badge
3 days ago

Motorway closed after road repair kit breaks down

Traffic chaos on M62 as broken-down plant shuts junction near Huddersfield
3 days ago

Align closes out civils on longest HS2 tunnel

10-mile Chiltern Tunnel moves to fit-out after near five-year long civils job
3 days ago

Legal expert rises to head Balfour Beatty regional civils

Kay Slade steps up after reshaping North West operations
3 days ago

Tilbury Douglas regional chief joins Caddick to head civils arm

Ellenor is tasked with growing third-party work and widen the firm's regional footprint.
3 days ago

Six scoop £2bn Southern Housing upkeep deal

Big name firms miss out on 10-20 year framework deal
4 days ago

Hercules delays annual results announcement

Auditors still working on labour supplier's numbers after string of acquisitions
4 days ago

Benniman to finish logistics park at former MG Rover plant

13-unit industrial package marks final chapter of Longbridge West transformation
4 days ago

Flannery to sell old fleet after £107m new kit investment

Huge auction of machines in March after massive investment by plant hire giant
4 days ago

Liverpool mayor sets out £2bn plan to unlock 64,000 homes

300-site pipeline targets stalled urban schemes
4 days ago

Graham lands £37m Leicestershire school rebuild

Castle Rock School overhaul will accommodate more than 1,500 pupils
4 days ago

Caldwell Construction collapses into administration

Insolvency specialist PKF Littlejohn appointed after rescue talks fail
1 week ago