22 Jan 2015 07:00
๏ปฟ
YEAR END UPDATE CONFIRMS TRADING IN LINE WITH EXPECTATIONS
TClarke plcย ("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 2014.
Since the Interim Management Statement made on 8 October 2014 current trading has continued in line with the Board's expectations. Looking back 2014 has been a challenging year and we maintain a particular focus on closing out projects let during the recession to secure acceptable returns. We finished the year with an excellent and improved net cash position of ยฃ4 million (31 December 2013: ยฃ1 million). To an extent this reflects our normal cash collection cycle but we also view this as a lead indicator of an improving trend in our underlying performance.
Market conditions continue to improve, driven by London opportunities in particular, and the new business wins previously reported underpin the confidence which we see returning to our markets.
We are pleased to report an impressive replenished forward order book which as at 31 December, for the first time, exceeded ยฃ300m (31 December 2013: ยฃ250m).
We announced ยฃ75m of new project wins in London on 13 November 2014, including:
ยท Beaufort Park, Hendon
ยท London Wall Place
ยท One Angel Court
ยท Principal Place, Bishopsgate
ยท Rathbone Square
Further new project wins include:
ยท One Lusty Glaze luxury apartments, Cornwall
ยท Allestree Woodlands School, Derby
ยท Marine Renewables Business Park, Cornwall
ยท John Ray School, Braintree, Essex
ยท Humber University Technology College, Scunthorpe
ยท Suffolk New Academy, Ipswich
ยท West London Free School, Hammersmith
ยท Bridgemasters House, Tower Bridge London
ยท Summit House, London
ยท 600 residential units secured in Scotland since October 2014
Notification of Results
TClarkeย will announce its preliminary results for the year ended 31 December 2014 on Tuesday 24 March 2015.ย
Ends
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22 January 2015
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For further information contact:
ย
TClarke plc | |
Mark Lawrence | Martin Walton |
Group Chief Executive | Finance Director |
Tel: 020 7997 7400 | Tel: 020 7997 7400 |
www.tclarke.co.uk | |
ย N+1 Singer (Financial Adviser and Broker) | ย Broker Profile |
Sandy Fraser | Simon Courtenay |
Tel: 020 7496 3000 | Tel: 020 7448 3244 |
www.n1singer.com | www.broker-profile.com |
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