In a trading update today the company said: 鈥淐urrent trading continues to meet the board's expectations. However, we are finding it increasingly challenging to agree final accounts promptly. The timing of final account payments will determine our year end cash position, but in the meantime our balance sheet strength enables us to take a robust approach to contract negotiations.鈥
Since August T Clarke鈥檚 order book has grown from 拢225m to 拢252m. Recent M&E contract awards include the refurbishment of Bush House, the former BBC World Service HQ in London, and Peterborough Football Club鈥檚 Moy's End Stand project.
The board added:鈥 Looking forward, there are a significant number of quality opportunities across our target markets. Throughout the group current tendering activities remain high with a number of schemes due for construction commencing in 2014.
鈥淎s others have reported, the UK construction market has been a challenging environment in which to win and deliver work, but the Board is cautiously optimistic that from the latter part of 2014, we will finally begin to see margin improvements within the business.鈥
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