REG - Clarke(T.) PLC - Trading Statement <Origin Href="QuoteRef">CTO.L</Origin>

TclarkeAnnouncement

28/01/2015 02:05

RNS Number : 8054C
Clarke(T.) PLC
22 January 2015
YEAR END UPDATE CONFIRMS TRADING IN LINE WITH EXPECTATIONS
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 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 4 million (31 December 2013: 1 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 300m (31 December 2013: 250m). 
We announced 75m of new project wins in London on 13 November 2014, including:
 Beaufort Park, Hendon
 London Wall Place
 One Angel Court
 Principal Place, Bishopsgate
 Rathbone Square
Further new project wins include:
 One Lusty Glaze luxury apartments, Cornwall
 Allestree Woodlands School, Derby
 Marine Renewables Business Park, Cornwall
 John Ray School, Braintree, Essex
 Humber University Technology College, Scunthorpe
 Suffolk New Academy, Ipswich
 West London Free School, Hammersmith
 Bridgemasters House, Tower Bridge London
 Summit House, London
 600 residential units secured in Scotland since October 2014
Notification of Results
TClarkewill announce its preliminary results for the year ended 31 December 2014 on Tuesday 24 March 2015.
Ends
22 January 2015
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)
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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