M&E specialist T Clarke expects 2011 to be challenging as some projects are scaled back and margins continue to come under pressure.
In a statement to the Stock Exchange, it said that while none of its contracts had been cancelled, some had been scaled back.
But it added: “We continue to have a positive cash balance and no debt. Trading during the period was as anticipated and we expect results for the full year to be broadly in line with market expectations.”
As a result of the tough trading conditions, margins have been under pressure and will remain so into the new year.
Maintaining market share is a priority for the firm. It said: “The board is confident the group can maintain market share going forward, despite an uncertain outlook for the UK construction industry, and there remain challenges in the short term.
“Management’s focus is on obtaining new business and maintaining margins where possible, while ensuring T Clarke’s diverse geographic and sector exposure positions the group ideally for the eventual upturn in market conditions.”
T Clarke’s order book has fallen by £40 million, from £220m at the end of June, to £180m on 18 November.