M&E specialist outlines new projects at its AGM and says it’s on track for 2018 profit of £7m 

T Clarke

T Clarke has started electrical infrastructure work on the second phase of Battersea Power Station, the M&E specialist announced at its AGM today.

Other projects secured since the end of March include electrical infrastructure resilience works for BAE Systems and an upgrade of the Princess Alexandra Maternity Wing for Royal Cornwall Hospital Services.

The group said it was on track to hit revenue and profit figures for the year to 31 December 2018 in line with current market expectations.

Annual turnover is forecast to come in at £300m, with underlying pre-tax profit of £7m.

Its forward order book stood at £368m at the end of April, increasing from £337m as at 31 December 2017.

In March the firm said it had driven up turnover in 2017 by 12% to £311m and grown pre-tax profit by 5% to £6.5m. T Clarke announces 2018 half year results on 7 August.