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Tue April 20 2021

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TClarke invests for growth

4 Aug 15 Building services contractor TClarke saw steady improvement in the first half of 2015, with modest improvements in revenues and profitability.

Chief executive Mark Lawrence
Chief executive Mark Lawrence

Group revenue for the six months to 30th June 2015 was up 2% to £112.0m (2014 H1: £109.8m). Underlying operating profit improved from £1.1m last year to £1.4m this time, pushing the underlying margin up from 1.1% to 1.3%.

Reported pre-tax profit improved from £200,000 to £900,000.

Over the past 12 months, the order book has grown from £275m to £320m. However, funding this extra workload has required investment in engineering resources. As a consequence, net debt was £8.7m by 30th June 2015. This is comfortably within the company's banking facilities but, more than double the £4.3m of 12 months earlier. The board expects this position to improve during the second half of the year as upcoming larger schemes in London come on stream.

Chief executive Mark Lawrence said: "The group looks forward to the improving market conditions particularly with our forward visibility for next year and beyond.”

Recent contract wins for TClarke include:

  • Beaufort Park, Residential Block G for St George (part of Berkeley Group)
  • Bird & Bird fit out, London
  • Cambourne Primary School
  • Chiswick Park Building 7, London
  • Irvine Leisure Centre, Ayrshire
  • John Bull Building, New Research Facility, Derriford, Plymouth
  • Lymm, New Fire Station and Safety Centre for Cheshire Fire and Rescue Service
  • Minerva Student accommodation, Cardiff
  • Newcastle Central Station, Metro Station Refurbishment
  • Scarborough Leisure Village
  • Stevenage Accelerator Building
  • Summit House, London
  • Sunderland University, Science Block
  • Temple Learning Academy, Leeds
  • TWI Training and Examination Services, Middleborough
  • Waitrose & John Lewis at Home, Basingstoke
  • Waitrose, Guildford.

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MPU
MPU

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