Clancy’s group revenue grew by 15% in the year to 31st March 2019 – driven mostly by demand for its core services from the water sector – and the company returned to modest profit after heavy losses the previous year.
Clancy’s latest accounts show a pre-tax profit of £275,000 on revenue of £309m. The previous year it had made a pre-tax loss of £3.6m on £268m revenue.
The 2019 profit reflects an improved performance by Clancy Docwra turning around its loss-making contracts, chairman Kevin Clancy said.
Got a story? Email news@theconstructionindex.co.uk
