Clarke(T.) PLC CTO Interim Management Statement

  Clarke(T.) PLC (CTO) - Interim Management Statement

RNS Number : 2385R
Clarke(T.) PLC
16 November 2012




                                      

                         Interim Management Statement



TClarke plc, ("TClarke" or the "Group") the Building Services Group, announces
its Interim Management  Statement covering the  period from 1st  July 2012  to 
15th November 2012.



The Group's operations remain  on target to meet  market expectations for  the 
year. Our forward  order book, supported  by projects that  have been  secured 
recently, has grown to £230m (at 31^st October 2012). This is an increase  of 
23% compared to the  same period last  year, with 55%  of target revenues  for 
2013 already secured. Cash balances at 31^st October 2012 were £1.2m



We continue to manage  the business on the  basis that market conditions  will 
remain tough.  We maintain  strict criteria  when assessing  projects that  we 
choose to bid for but  characteristics such as a  high numbers of bidders  and 
unrealistic pricing  levels  continue  to blight  the  construction  industry, 
resulting in margin  pressures and  a lack  of confidence  in progressing  new 
schemes particularly across our core M&E contracting businesses.



Within our last statement in  August we announced that  we had been awarded  a 
significant number of projects across the UK, all of which have now commenced,
albeit a few have  suffered some initial programme  delays which we expect  to 
recover during the course of the contracts.

In addition we are a partner in Balfour Beatty's successful bid for a position
on the Welsh Government's 'Designed for  Life: Building for Wales 3′  National 
Framework. The four-year framework covers NHS building projects in Wales  with 
construction values of above £10m.

Across the UK we continue  to focus on the  diversity of our businesses  which 
has allowed us to progress our strategy to broaden the range of services  that 
we offer.  Our  Utilities and  Technologies  Division, now  known  as  TClarke 
Mission Critical,has been instrumental in  securing contract awards for  four 
data centres this year. 



TClarke Mission Critical  provides our  expertise in this  field and  delivers 
ultimate resilience and reliability for data and power projects in its  target 
markets of the UK, Europe and Scandinavia.



We believe  that there  are  a number  of  significant opportunities  in  this 
sector.



A further update is scheduled for 11^th January 2013 and full year results are
planned to be announced on 19^th March 2013.

                           --------- ENDS ---------

                                      

Date 16^th November 2012

For further information contact:



TClarke plc
Mark Lawrence Martin Walton

Group Chief Executive Finance Director
Tel: 020 7997 7400 Tel: 020 7997 7400



www.tclarke.co.uk



N+1 Singer (Financial Adviser and Broker)

Sandy Fraser

Tel: 020 7496 3000



City Profile

Simon Courtenay/ Abigail Genis

Tel: 020 7448 3244

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IMSBKPDBNBDDCDD -0- Nov/16/2012 07:00 GMT
 
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