TClarke boosts bid team as order book hits record £456m

Grant Prior 5 years ago
Share

TClarke  has boosted its bid team helping orders at the building services specialist hit a record £456m.

An upbeat trading statement this morning also confirmed turnover for last year was £232m generating underlying profits of approximately £6m.

Margins recovered post the first lockdown last year to return to 3% target levels during the second half.

TClarke said: “Our bid teams continue to be busy.

“We have scaled up the size of our team to ensure that we are maintaining our careful selection criteria when assessing projects, to ensure they continue to meet our margin expectations.

“Since our last Trading Update announced on November 26 2020, TClarke has been extremely successful in winning new projects from clients across a wide range of sectors. The Group’s forward order book has increased to a record level of £456m.

“Looking to the future, TClarke is focused on driving our growth strategy. The Group has a very encouraging level of new projects in the order book and this bodes well for our future performance.”

Mark Lawrence, TClarke CEO said: “I am proud of the performance that TClarke has delivered in 2020. It highlights the many strengths of the business and this bodes well for the future.

“Our markets remain strong and we are delighted that the order book has reached a record scale and that the quality of projects that we have won is excellent and in accordance with our margin expectations.

“The reputation that we enjoy with our clients remains extremely positive and this is now delivering, as they turn to us to partner with them on future projects.

“I look forward to reporting on the progress that we make through the year. We continue to look to the future and we are positioning the Group to benefit from the many growth opportunities available in our markets.”

Latest news

Vinci wins funding sign-off to begin main £70m St Helens rebuild

Early 2026 start confirmed as council signs off biggest investment in decades
6 hours ago

£175m Trafford Stretford Mall resi job out to bid

Trafford Council starts hunt for contractor for 249-home first phase
6 hours ago

CITB cuts more training funds despite £79m cash pile

Training body imposes another round of sudden cuts on contractors
1 day ago

Mace design director joins McLaren

Lucy Craig appointed design director at Construction Management and Specialist Projects division
7 hours ago

Trapped load drags labourer over scaffolding

Two firms fined £800,000 for not planning work properly
22 hours ago

London new-build freeze drags Mulalley to £3.2m loss

Refurb boom softens development collapse as firm swings to £3.2m loss
17 hours ago

Hampstead mega mansion to become super-prime apartments

Investor Bentry Capital to use in-house construction arm for three-year build programme
1 day ago

Groundforce appoints new Managing Director

Warren Buckland to lead specialist construction services provider
6 hours ago

Worley lands EPCM deal for UK’s first full-scale cement CCS plant

Heidelberg pushes go-button on carbon capture build at Padeswood cement works
21 hours ago

DfE names 23 winners for £15bn schools framework refresh

Galliford Try and McLaren join major school delivery team for first time
1 day ago

Employee-owned plant dealer Warwick Ward collapses

Case machinery dealer placed in administration with 89 jobs axed
1 day ago

Tucker M&E went under owing suppliers £4.7m

Assets of £25m turnover company bought for £55,000 by former director
1 day ago

Historic contractor sold to staff

Employee Ownership Trust deal at Emanuel Whittaker Ltd
1 day ago

Jobless young people to get six-week construction course

Industry to benefit from latest employment initiative
1 day ago

Reforms urged to unlock £262bn London office upgrade boom

Industry warns viability pressures are stopping critical upgrade projects
1 day ago

Graham bags £45m Uni of East London campus build

Construction to start in early 2026 on new medical teaching hub in Stratford
1 day ago

£700m Scottish super-hospital goes to ministers for final approval

Laing O'Rourke on track to start Monklands Replacement Hospital next year
4 days ago

Gateway 2 sign-off for landmark Stratford student tower

RG Group tipped to build 41-storey, 952-bed building
4 days ago

13 firms win £150m Lincolnshire roads race

County signs four-year deal for general works and resurfacing across A and B roads
4 days ago

£125m South London estate rebuild approved

278 homes to be delivered at New Cross Achilles Street Estate rebuild
4 days ago

Roofer verbally abused safety inspector

Court issues fine to Cornish roofer
4 days ago

Ravenscraig 200-acre site remediation gets go-ahead

Huge land remediation push will clear way for 2,000 future homes
4 days ago

Kori wins £30m London care home job

Main construction work to start next month in Highgate
4 days ago

Buyers report steepest output fall for five-and-half years

Budget uncertainty sends workloads plummeting across all sectors
5 days ago

Balfour Beatty powers up order book 20% to over £20bn

£3bn Sizewell C civils and power grid haul ends year on a high
5 days ago

Monster TBM hunt starts for Lower Thames Crossing

Motorway tunnel project cost soars to £11bn
6 days ago

Anglian Water to shift £1.5bn work to single Tier 1 partner

Bidding to open in New Year for single integrated partner in fresh drive for value for money
5 days ago

Builder ordered to pay back stolen plant and car money

Construction director faces jail if he can't repay £190,000
6 days ago

BAM gets green light for £140m Cardiff Central revamp

Spring 2026 start for major rebuild adding new entrances, bigger concourse and platform upgrades
5 days ago

Electrical apprentice falls through fragile roof

M&E contractor and surveyor fined after accident
5 days ago