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.