The water and energy sectors were the star performers as Clancy reported a pre-tax profit of £31.7m for the year to March 29 2026 from £28m last time as turnover jumped to £498m from £429.6m.

The firm saw its forward order book hit £2.8bn with the strong pipeline and a net cash position of £58m supporting reinvestment across the business.

The new Clancy Training Academy in Strood, Kent is now open and the company more than doubled its spending on plant and equipment to £13.4m during the year.

Matt Cannon, chief executive at Clancy, said: “Our industry is under immense pressure to deliver resilient networks, a significant infrastructure pipeline, and value for money for consumers.

“Against this backdrop, I’m proud of the progress our business and teams have made this year – delivering for clients and strengthening the foundations that will help us meet demand in the years ahead.

“That all starts with trained people, supported by the right tools to do the job brilliantly.  Opening our Clancy Training Academy in Kent is an important part of the ongoing investment we’re making on this front.  The academy will see an expanded training programme for new starters, as well as upskilling current members of the team.

“This is only made possible by our strong financial footing, our model of direct employment, and our independence, which allows us to take a long-term view, operate without borrowing, and reinvest in what the business and our clients need.”

Kevin Clancy, chair of Clancy, added: “This year’s solid performance is a clear reflection of the commitment and hard work of our teams, from Cornwall to the Scottish Highlands, and the strength of the relationships we have built over the past 68 years as a long-term infrastructure partner for our clients.

“This is about more than just financial results.  Our passionate and technically excellent people and our continued reinvestment in the business have allowed us to boost our broader impact, including success in halving our carbon intensity over five years.

“Together, our skilled workforce, our family ownership and our long-term strategy put us in good stead to support our clients’ ambitions as they build and maintain the UK’s infrastructure.”