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22/03/2016

T Clarke Reports Record Profits For 2015

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T Clarke has reported record revenues of over £242 million for 2015.

The building services contractor has announced a return to profit after a year which saw it close down its Cardiff and Bristol branches.

Overall, Group revenue increased 16.6% to £242.4m in 2015, compared with £208.9m in 2014.

It also made a pre-tax profit for the year of £2.5m, compared to a £800,000 loss in 2014.

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Chief Executive Mark Lawrence said: "Although the London market has led the upturn in demand, it is also extremely good to report our best ever forward order books across the regions. This is highly significant, since it also allows us to be more focused and selective in seeking further work which will, in turn, help us to deliver better value for our stakeholders.

"The Company is focused on improving performance and margins throughout the Group. We remain alert to any challenges that we may face, yet we approach the future with confidence and enthusiasm."

(LM)

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