TClarke has landed two major construction projects back-to-back – amid reporting a forward order book valued at £720 million.
The firm’s latest trading update reveals a sizable line-up of orders, including two new contracts in the education and healthcare sectors, alongside projected revenues of more than £500 million this year.
Group CEO, Mark Lawrence, said while the company’s financial position appears healthy, he is particularly proud of the “substantial” investment TClarke is making in its resources and capacity. Adding: “These investments give us considerable additional engineering resource headroom in preparation for further future opportunities.”
Education contract
The company’s UK South Team has been appointed to a large student scheme for Oxford Brookes University.
In the first phase of a redevelopment scheme, TClarke will deliver the engineering services package to the Clive Booth Student Village.
In Phase One, more than 500 units will be created across four new residential blocks, with extensive external works.
Morgan Sindall has been appointed principal contractor.
The scheme will be ready for the 2024 student intake.
Healthcare contract
Elsewhere, the firm joins principal contractor Integrated Health Projects (IHP) at Royal Bournemouth Hospital.
IHP is a joint venture between VINCI Construction and McAlpine formed in 2003 to focus specifically on delivery of healthcare projects.
TClarke will deliver mechanical engineering services for the new BEACH Building (births, emergency and critical care, children’s health), on behalf of University Hospitals Dorset NHS Foundation Trust.
- purpose-built maternity unit
- purpose-built children’s unit
- enhanced emergency and critical care unit (30 beds)
The building is set to be operational in 2025.
“We know TClarke’s unique in-house mechanical, electrical and technologies skills make us more and more attractive as the partner of choice to deliver complex modern projects – and as we expand that resource, we are bringing on new skills and services to improve delivery and increase sustainability,” said Lawrence.
“Moreover, year after year we train and continue to train more and more apprentices and leaders in our business to grow our own pipeline of high-quality people. The increase in depth and scale of our resources is based on this fundamental reality. This is what allows us to scale up with precision and success.”
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