In the year to 31st December 2018 TClarke generated revenue up 5% to 拢326.8m (2017: 拢311.2m) and made a pre-tax profit of 拢7.8m (2017: 拢7.1m).
Underlying profit, excluding one-off items, was 拢8.8m, compared to 拢7.3m in 2017. The underlying operating margin improved from 2.3% to 2.7%.
TClarke is working on a raft of some of London鈥檚 biggest and most prestigious projects, including, 100 Bishopsgate, 22 Bishopsgate, Battersea Power Station, 1 Triton Square Google鈥檚 new HQ at Kong鈥檚 Cross, One Nine Elms and The Peninsula Hotel at Hyde Park Corner.
The company started 2019 with a forward order book at a record 拢411m (2017: 拢337m), 拢12.4m net cash and zero debt.
Chief executive Mark Lawrence said: "I am pleased to report that TClarke's results for 2018 have exceeded market expectations, delivering on our promise to focus on a quality order book spread across our five key strategic markets. Of particular note, revenue from technologies has jumped to 拢42.9m (2017: 拢14.0m).
鈥淲e continue to focus on cash collection and remain debt free. Our clients recognise this as a strength of our business, reflected by the fact 88% of our revenue comes from repeat clients. Our shareholders also benefit, as our strong cash performance has allowed us to recommend a total dividend for the year of 4.0p per share, exceeding market expectations.
鈥淥ur teams across the UK have delivered an exceptional performance and, looking ahead to 2019, with a record forward order book as at the end of February of 拢430m, the foundations are in place for another strong performance across the group. TClarke remains firmly on target to achieve our medium-term goal of a sustainable underlying operating margin of 3%."
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