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T Clarke reports 11pc boost to order book

T Clarke has seen an 11 per cent increase to its order book in the last 12 months, it said today.

In its latest update to the Stock Exchange – which has come ahead of its 100th AGM this afternoon – the building services firm also commended Tier 1 contractors and clients for becoming “more discerning” in relation to their supply chain.

In March, T Clarke reported a 14 per cent profit fall for 2011, after the firm restructured in the south and Scotland. The company’s projects have included the Olympics, Westfield shopping centre and the Shard, with 2011 wins including the Walkie Talkie and 100 Bishopsgate.

Posting an interim management statement for 1 January to 10 May 2012 today, the group said it continues to trade in line with expectations, despite markets remaining challenging and weak economic conditions. 

As at 30 April 2012 the value of the order book was £210m, compared with £190m in April 2011. In November 2011, orders were at £187m.

With £100m of work scheduled to be undertaken in 2012, and £46m completed so far this year, the group has secured over 80 per cent of its target revenue for 2012.

The firm also reported a changing attitude among contractors and clients.

It added:  “It is encouraging to note that there is some evidence that clients and principal contractors are becoming increasingly discerning, seeking to build resilience into their supply chains by selecting strong partners.”

It added: “In summary the business remains focused and financially strong, with a growing and diverse order book. Although our markets continue to be demanding we have an encouraging number of exciting and prestigious project opportunities to tender across the full range of our eight target sectors. “

Senior independent director, Bob Campbell, who has been on the board for the last four years, has announced his retirement.

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