Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

T Clarke soaring with cable car contract

Building services firm T Clarke has revealed it expects to complete £155 million of work this year and has won an M&E contract for the London cable car.

In an interim management statement covering 1 January to 12 May, T Clarke reported a forward order book of £180m, down from £200m in April 2010. It has completed £45m of work this year and expects to complete a further £110m..

T Clarke added that it had won work on the London cable car prject and Stratford City Holiday Inn as well as Tate Modern 2 and facilities management for the 2012 Olympic Stadium.

In a statement, the firm added: “There are numerous tender opportunities available to T Clarke and while we do not see any margin recovery in the short term in our core markets, the securing of valued work is important to retain our leading industry position. 

“It has been sensible, therefore, to remain selective when choosing which projects to bid for and we will continue to focus on maintaining margins where possible, despite customer pressure and increased competition.”

The board stated that it had seen “little change” in its view that the construction sector remained uncertain and the markets continued to be competitive.

The firm has also secured work at The Archbishop Courtenay CE primary school in Maidstone; the Diana Princess of Wales Hospital in Grimsby and on five Waitrose stores.

The group stated it had no long-term debt or plans for further acquisition, but that its prospects remained encouraging.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.