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Construction News
17/11/2017
T Clarke Unveils New Contract Wins Amid 'Encouraging' Trading
T Clarke has secured a number of new project wins as the company anticipates its results for the year to be in line with current market expectations.
With a forward order book standing at £380 million against £320m at the same time last year, T Clarke said it continues to target projects "that we believe will add value and help to improve the margin profile of the Group".
Key wins include:
• Transport Division awarded a place on the MAG (Manchester Airports Group) EMA Small & Medium Works Framework covering M&E projects up to £3.0m at East Midlands, Manchester and Stansted Airports. The Framework will run for an initial period of three years.
• In Vauxhall, London the company has secured the Electrical Shell & Core Package at One Nine Elms. The two towers on the One Nine Elms project rise to 58 storeys (City Tower) and 43 storeys (River Tower) respectively, accommodating 487 new homes. At the base of the towers, opening onto a new piazza, will be a 187-room Dalian Wanda luxury five-star hotel.
• The London region has been awarded the Shell & Core package for building S9 at The International Quarter London, Stratford development. This 10 storey, 26,000m² office building represents the next phase of the 22-acre overall development by Lendlease (following on from the successful S5 & S6 projects). T Clarke has secured both the M&E works on this phase.
The Group said: "Our team in the North West is in final client negotiations to secure an extension to the current BAE Systems contract at Samlesbury and Warton for a further three years.
"In addition, we have handed over two significant schemes in the period, Bloomberg's New European Headquarters in the City of London and Rathbone Square on Oxford Street, the new home to Facebook's London Headquarters."
T Clarke added the future of the Group "remains encouraging".
"There remains a clear demand for our specialist services in the markets in which TClarke operates," the Group continued. "We have already secured £190m and £100m of our planned revenues for 2018 and 2019 and beyond, respectively, and we are encouraged by the number and quality of the opportunities that continue to be available both within our established M&E markets and from the new opportunities that we are pursuing, driven by sustained investment at national level in both technology and infrastructure."
(LM)
With a forward order book standing at £380 million against £320m at the same time last year, T Clarke said it continues to target projects "that we believe will add value and help to improve the margin profile of the Group".
Key wins include:
• Transport Division awarded a place on the MAG (Manchester Airports Group) EMA Small & Medium Works Framework covering M&E projects up to £3.0m at East Midlands, Manchester and Stansted Airports. The Framework will run for an initial period of three years.
• In Vauxhall, London the company has secured the Electrical Shell & Core Package at One Nine Elms. The two towers on the One Nine Elms project rise to 58 storeys (City Tower) and 43 storeys (River Tower) respectively, accommodating 487 new homes. At the base of the towers, opening onto a new piazza, will be a 187-room Dalian Wanda luxury five-star hotel.
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• The London region has been awarded the Shell & Core package for building S9 at The International Quarter London, Stratford development. This 10 storey, 26,000m² office building represents the next phase of the 22-acre overall development by Lendlease (following on from the successful S5 & S6 projects). T Clarke has secured both the M&E works on this phase.
The Group said: "Our team in the North West is in final client negotiations to secure an extension to the current BAE Systems contract at Samlesbury and Warton for a further three years.
"In addition, we have handed over two significant schemes in the period, Bloomberg's New European Headquarters in the City of London and Rathbone Square on Oxford Street, the new home to Facebook's London Headquarters."
T Clarke added the future of the Group "remains encouraging".
"There remains a clear demand for our specialist services in the markets in which TClarke operates," the Group continued. "We have already secured £190m and £100m of our planned revenues for 2018 and 2019 and beyond, respectively, and we are encouraged by the number and quality of the opportunities that continue to be available both within our established M&E markets and from the new opportunities that we are pursuing, driven by sustained investment at national level in both technology and infrastructure."
(LM)
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