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Mon February 17 2020

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Clancy returns to profit as turnover tops £300m

16 Dec 19 The Clancy Group has posted results showing a record year for turnover, topping £300m for the first time.

Matt Cannon, grandson of founder Michael J Clancy, took over as chief executive in February 2019
Matt Cannon, grandson of founder Michael J Clancy, took over as chief executive in February 2019

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.

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