Trading statement from electrical contractor says commercial sector should boost group's revenue from mid 2011
Electrical contractor T Clarke has said there are 鈥渆arly signs of recovery鈥� in the commercial market that will bolster its top-line from the middle of next year.
In a trading update this morning, the 拢178m-turnover group said: 鈥淢arket conditions continue to be challenging, despite early indicators that suggest some restoration of confidence in the construction of significant new build commercial properties. The majority of these schemes, if secured, would form part of the group's revenue from mid 2011 through 2012.鈥�
It said its forward order book has jumped from 拢175m this time last year to 拢200m, which includes the recent 拢40m win for the upgrade of Victoria Underground Station in London.
The group鈥檚 cash position on 30 April was 拢11m, down from 拢21m in 2008 after it spent 拢8.1m buying D&S Engineering Facilities, an acquisition it said was trading in line with expectations.
