T Clarke Reports 'Steady But Cautious' Improvements In Core Markets

Industry contractor T Clarke has reported "steady, but cautious" improvements in its core markets despite uncertainty surrounding the UK's decision to leave the EU.

The company revealed it has a "strong order book" of over £300 million as its performance "continues to be in line with the Board's expectations".

Major wins include securing four key package deals valued at £56 million on the 22 Bishopsgate scheme in London. These are:

• Electrical, Shell & Core

• Electrical, Cat "A" Fit Out

• ELV (Systems Integration) Package, including BMS, ICT and Security

• Fire Alarm Installation

Onsite activities will commence in 2017 for completion in 2019.

In addition, the Group has won a £24m M&E fit out project at The International Quarter in London, while two new student accommodation projects are being undertaken in Newcastle.


In Scotland, three quarters of revenues for 2017 have now been secured including the following notable recent wins in the residential sector:

• Barratt Homes West Scotland, Bonhill, Dumbartonshire

• Barratt Homes West Scotland, Wallace Fields, Glasgow

• Cala Homes West Scotland, Dullater Greens, Cumbernauld

• Robertson Homes, Fair Acres, Dunbar

Other wins have been secured in the education sector, including at Easter Bush Campus, University of Edinburgh and St Joseph College, Dumfries.

T Clarke will also work with Mitsubishi Electric Air Conditioning Europe to manufacture, supply and install Calorimeter Testing Facilities at their manufacturing plant in Livingston West Lothian Scotland.

T Clarke Scotland Managing Director, Gary Jackson, said: "TClarke will be working closely with Mitsubishi's engineering partners, Onishi of Japan who are world leaders in the design and construction of Calorimeter Test Facilities. We are very proud to have gained the professional confidence of Onishi and Mitsubishi to undertake this massive project for them."

Elsewhere, the Group has begun proceedings to recover up to £2.8m of "misappropriated funds" taken by an employee over a number of years.

In a trading statement, T Clarke said: "The Company can report that we have now commenced legal proceedings to recover misappropriated funds.

"It is too early at this stage to confirm the quantum of what will be recovered, but investigations and proceedings are continuing in conjunction with expert professional advisors to recover as much as practicable."

(LM/CD)