Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
27/03/2018

T Clarke Reveals Revenue Has Risen To 12%

Construction News Image
Building services group T Clarke has reported a "strong" set of results for the year ended 31 December 2017.

The Falkirk-based business revealed revenue has risen 12% to £311.2 million (2016; £278.6m), while profit before tax increased from £3.7m to £7.1m.

In addition, the Group's order book has risen by 2% to £337m from £330 million, with work secured on a number of key projects including the 43-storey residential and five star hotel ONE Bishopsgate Plaza in London, the restoration of the 1930's Rothesay Pavilion building in Bute and delivering work on the South Gilmerton residential scheme in Edinburgh.

Chief Executive Officer Mark Lawrence said 2017 was TClarke Scotland's most successful year to date.

"Our Engineering team delivered numerous projects, including the fabrication of bespoke alignment and fixing templates for 20km of electricity pylons for Morgan Sindall," he said.

"Our Intelligent Buildings Team was active on landmark installations, including 22 Bishopsgate and it also began collaboration with the Group's new Eton Associates team, at Canary Wharf Estates' One Bank Street development.

-- Advertisement --
NorthernAsbestosServicesLtd

"Scotland's M&E team had a strong year, delivering projects for Mitsubishi and Heart of Midlothian FC. The M&E Team also had success with major projects in the education and renewable energy sectors."

Mr Lawrence continued: "Our Transport team's selection by Manchester Airport Group brings us a major airport contract, our Design and Build team continues its excellent performance and growth trajectory, our Mission Critical team's work on data centres and the complex Selfridges project has been highly valued and our TClarke Intelligent Buildings team has won major data, fire and alarm projects.

"Manufacturing has had its most successful year ever with the opening of our multi-skilled, purpose-designed operation at Stansted and Healthcare continues with its world class partnerships, winning projects under the NHS's new P22 framework agreements. Our Residential business again won a series of awards and expanded its footprint and our successful in-house specialist FM business has also won new partnerships.

"It is also important to note that we have been extremely successful in winning and delivering research and laboratory projects across every region of our business. Once again, this shows how our business can adapt as demand and opportunity shifts in the marketplace."

On the company's future outlook, Chairman Iain McCusker said the current and forward order book is fully replenished with high-quality projects.

"The strength of our order book is evidence of our significant market share and we are maintaining our discipline and focus to deliver sustained margin improvement across all our regions," he said.

"The Board is confident that the Group is well placed to meet profit expectations for the year ahead and our commitment to sustained performance growth is such that the Board has set a medium term target to increase the underlying operating margin to 3%."

(LM)

Latest Construction News

02/05/2024

Malin Group has secured planning permission in principle for its proposed development of the Scottish Marine Technology Park (SMTP). Malin Group's vision for the site is to deliver a state-of-the-art marine excellence hub which will bring together manufacturers with marine and renewables ...
02/05/2024

Fleming Building has officially broken ground on the development of the multi-million pound Bishopton Dargavel Satellite Facility. Working alongside Hub West Scotland and NHS Greater Glasgow & Clyde through a detailed pre-construction period, designs were developed to meet a range of requirements ...
02/05/2024

Aberdeenshire Council has announced the installation of a downstream defender as part of ongoing works to restore and improve the ponds at Denman Park in Westhill. The popular ponds in Denman Park are home to a wide variety of pondlife and wildlife but have been subject to pollution from a range ...
02/05/2024

Contractors RJ McLeod are on schedule to complete the construction of a new Largs seawall in North Ayrshire. The £4.6m project is almost complete with the northern section of the promenade expected to re-open to pedestrians before the summer season gets under way. The project has seen the ...
02/05/2024

Scottish Water has announced the successful completion of a major technological transformation of Glasgow's Victorian era Partick Pumping Station. Built some 120 years ago, the pumping station remains a key part of the city's waste water infrastructure and still serves 170,000 people. It is one of ...
02/05/2024

SSEN Transmission has committed to consider community and landowner proposed alignments as part of its Kintore-Tealing 400kV project. These alignments - which will be assessed in parallel with other alignment options within the refined routes SSEN Transmission recently consulted on - are around ...
02/05/2024

SSEN Distribution has announced that it has chosen Electron's 'ElectronConnect' platform to streamline and expand its procurement of Flexibility Services. The company's DSO Acceleration Action Plan identified the selection of a new Flexibility Market Platform during the Spring of 2024 as a key ...
02/05/2024

West Dunbartonshire Council has declared a housing emergency, highlighting the unprecedented pressures on the ability to meet the needs of those in social housing or seeking a Council property. Councillor Gurpreet Singh Johal, who is the Convener of Housing and Communities, made the declaration ...
02/05/2024

The Highland Council has submitted its response to the Scottish Government's consultation on Masterplan Consent Areas (MCA), developed by members of the Economy and Infrastructure Committee. The Scottish Government is proposing the introduction of discretionary powers to establish Masterplan ...
02/05/2024

As part of its ongoing efforts to improve biodiversity across the region, Perth and Kinross Council has announced an extension of its Grassland Management Trials, following successes at 42 other sites. These areas of longer grass will create space for nature and help attract bees, butterflies and ...
RBT Underfloor LimitedMorris & Spottiswood LtdMaterials Market LtdToner Damp Proofing SuppliesNo HydroBurnside Plant Hire LtdKattrak International Hidromek SalesScotdeck LtdThe Big Block Co LtdSafe Access (Highland) Ltd.
Terms and Conditions
2024/05/03 02:31:25