Results for the year ended 31 December 2022

TClarke delivers record revenues of £426m

TClarke plc (“the Group” or “TClarke”), the Building Services Group, announces its preliminary results for the year ended 31 December 2022.

FY 2022 summary

Record results with the Group on course to achieve its strategic target of £500m annual revenue
Revenue up 30% to £426m
Operating margin 2.7% (2021: 2.7%)
Earnings per share up 31% to 19.6p
Strong balance sheet
Net Cash £7.5m (2021: £5.3m)
Average month end cash £2.6m (2021: -£2.9m)
Net Assets £38.7m (2021: £26.5m)
High quality and growing forward order book of£555m, up 4% on 2021
Data centre business expanding rapidly; 2022 revenue £129m (2021: £39m)
Further progress made in expanding in the healthcare sector, large projects outside London and smart buildings. Total 2022 revenues from these sectors £91m (2021: £51m)
Progressive dividend policy with total dividend up 10%
Record intake of 50 Apprentices, with 210 now employed across TClarke
New target of 25% women in apprenticeship and training roles by 2028
Total type 1 and 2 emissions fall to 4.8 tCO2e/£m revenue (2021: 5.8 tCO2e/£m revenue)

Mark Lawrence, CEO commented:

“2022 has been a transformational year in the history of TClarke with a significant step change in the size of the Group. Our record results reflect the high quality of our operations and talent and commitment of our people and supply chain partners.

“The Group is in fantastic shape. We have an excellent order book of high quality projects across a wide range of sectors. The business is supported by our strong balance sheet, which continues to grow, with net assets increasing by 46% compared with 2021. We remain committed to delivering economic, social and environmental value for all our stakeholders and are working towards achieving net zero by 2026.

“Looking ahead, we continue to make excellent progress in our chosen markets and are well-positioned to achieve our £500m revenue target in 2023.’’

This news story is for illustration only : for full results please visit the Regulatory News section of this website