TClarke order books doubles to top £1bn for first time

Aaron Morby 1 year ago
Share

Building services specialist TClarke is set to exceed £500m revenue this year and has built a record order book more than double last year’s level at £1.1bn.

Mark Lawrence says TClarke has changed some supply chain partners mid-contract to protect project completion dates
Mark Lawrence says TClarke has changed some supply chain partners mid-contract to protect project completion dates

In a trading update this morning, chief executive Mark Lawrence, said: “We have now achieved a significant milestone with our secured order book surpassing £1bn for the first time.

“This substantial growth positions us well for future success and provides the board with continued confidence in our ability to deliver a strong performance into 2024 and 2025”.

Key growth sectors for orders were large M&E building projects and data centres where order levels have tripled.

Market Sectors Forward Order Book %
change
Oct ’23 £m Oct ’22 £m
Engineering 489 225 117%
Technologies (inc data centres) 355 111 220%
Infrastructure 167 121 38%
Residential 66 73 -10%
FM 29 25 18%
Grand Total 1,106 555 99%

Beyond that already secured in the order book, TClarke continues to see significant future opportunities across all of its core markets and is currently selectively tendering for more than £1bn of work.

Lawrence added that present turbulent market conditions were impacting a number of market participants.

TClarke was now seeking to enter early contract agreements and had changed some supply chain partners mid-contract to protect project completion dates.

The group’s 2023 operating profit is now expected to be in the £9m – £10m range.

 

Latest news

Historic property magazine to close

Estates Gazette has been in business since 1858
4 hours ago

M&S Marble Arch rebuild approved after three-year planning fight

Plans were delayed when Michael Gove backed carbon campaigners
1 day ago

£191m revamp funding approved for London Barbican Centre

Construction to start in 2027 on five-year programme
20 hours ago

RED Construction tops £100m turnover

Builder maintains profit margin at 1.7% as business nearly doubles in size
12 hours ago

Timber designs shortlisted for roads ‘footbridge of the future’

Three of five designs for National Highways propose timber structures over busy highways
12 hours ago

PM pledges to fast-track 150 infrastructure schemes

Fresh promise to speed up planning decisions on infrastructure and house building
1 day ago

Amey FM firm fined after legionella kills prisoner

Court fines company £600,000 for prison upkeep failures
12 hours ago

Buyers report boom in commercial work

Construction bucks slowdown in general economy
1 day ago

Plans in for £250m Stockport 8 housing-led scheme

Work to start on phase 1 by the end of next year
1 day ago

Galliford Try tops monthly contracts league

Contract awards slow down in November
2 days ago

Erith explosives set demolition record at Sizewell

Watch blast at former nuclear turbine hall: Video
1 day ago

Vistry to build 950 homes next to Olympic Park

Developer signed for £600m Pudding Mill Lane scheme in East London
1 day ago

Inflatable formwork used for 45m tall cement silo

Ground-breaking dome silo inflated at Tilbury Docks
1 day ago

Briggs & Forrester sells maintenance arm

100 engineers to move over to new owner
2 days ago

£2bn Edinburgh ‘West Town’ scheme approved

7,000 homes to be built at 205-acre site
2 days ago

Rayner approves Lancashire super prison

Communities secretary overrules planning inspector for 1,700 inmate prison.
3 days ago

Wates boss returns after collapse of his own contractor

Paul Nicholls was head of the failed Real construction group
3 days ago

Trio secure Birmingham deal to retrofit 3,000 homes a year

Specialist contractors to install insulation, efficient heating and solar panels
2 days ago

Costain confirms £400m HS2 tunnels win

Work to start early next year on tunnel and lineside mechanical and electrical systems
2 days ago

First nuclear reactor installed at Hinkley: Video

Watch precision operation at Somerset site
2 days ago

Winner named for Harbourside revamp

Local Irvine contractor to start transformation of beach front
2 days ago

New Fair Payment Code goes live today

Latest bid to get subcontractors and suppliers paid within 30 days
3 days ago

Lincolnshire concrete supplier files administration notice

Ever Readymix Concrete & Screed operates three depots and a fleet of 20 trucks
4 days ago

Graham lands first deal on Liverpool’s largest brownfield site

Contractor bags infrastructure package on 10.5 hectare site
4 days ago

Bouygues UK boss to step down

Fabienne Viala to leave after eight years at the helm
4 days ago

Galliford Try scoops £87m brace of London jobs

Firm will redevelop a prominent corner building on Sloane Street in Chelsea
3 days ago

New HS2 boss Mark Wild starts amid prep for final TBM drives

Former Crossrail CEO starts with a sharp focus on controlling costs
4 days ago

Ten consultants land Thames Water major upgrade places

Firms will share £400m of fee work over next five years
4 days ago

Rayner ultimatum to fix all unsafe tall buildings by 2029

Recladding work must start on all 18m+ resi buildings by 2027
4 days ago

ISG administrator finds just £35m to pay down £1.1bn debt

Failed firm was set to report £148m blackhole from legacy jobs
4 days ago

Contractor services