'TClarke starts 2013 with orders on a high'

The Construction Index headline quoted above, picked up on the £230m order book as at 31 December 2012 and the fact that over 55% of the requirement for 2013 has already been secured.

Though market conditions remain tough, the firm has shown its resolve and confidence in maintaining strict criteria when assessing which projects to bid for - and in ensuring that TClarke tender prices reflect the true cost of completion.


the full statement was as follows:

TClarke plc ("TClarke" or the "Group") the Building Services Group announces a trading update ahead of the announcement of its preliminary results for the year ended 31 December 2012.

Since the Interim Management Statement made on 16 November 2012, trading has continued in line with the Board's expectations for the year.

We are pleased to report that despite pressures from clients, contractors and suppliers the Group remains debt free. The consistent focus on cash management across the Group has seen net cash improve to £5.4 million as at 31 December 2012 (31 December 2011: £0.6 million).  Whilst some cash will be used to fund the working capital requirements associated with new projects, we expect the Group's net cash position to remain positive throughout the course of the normal business cycle.

The forward order book as at 31 December 2012 was £230m (£190m 31 December 2011), with over 55% of the requirement for 2013 secured.

New contract wins include:

•      1,500 Residential units across Scotland.
•      240 Blackfriars, Residential Block, London. (The commercial office development for Great Portland Estates having been previously secured).
•      Ashcombe Primary School, Weston-super-Mare.
•      Brindley Place, Commercial Offices, Birmingham.
•      Hermitage Court, Commercial Offices, Maidstone.
•      Premier Inn, Falmouth.
•      The Shard Fit Out Works, London.
•      University of East Anglia, Building 57, Norwich.
•      Waitrose Stores at Buckhurst Hill, Cirencester, Clapham and Stirling.
•      York Hospital Maternity Unit, York.
In addition as a partner in Balfour Beatty's successful bid on the Welsh Government's 'Designed for Life: Building for Wales 3