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T Clarke diversifies to counter downturn

The economic downturn has forced the UK’s only quoted electrical contractor T Clarke to diversify operations away from commercial buildings.

The company’s pre-tax profits for the first half of 2008 were up 39 per cent on the same period to £5.4 million while its turnover increased 13 per cent to £109 million.

Chief executive Pat Stanborough said: “Our plan to diversify the business away from a dependence on the commercial property development sector has gone well and we have a steady flow of work across all the regions we operate in.”

Mr Stanborough said the company had taken steps to increase the amount of work it could undertake in anticipation in increased workload.

He added: “The core operations are in excellent shape and we are well positioned to meet the challenging demands of the current market and the run-up to the 2012 London Olympics.”