For the 12 months to 2^nd April 2023, Clancy Group Holdings achieved document income, up 14% to £334.5m, and develop pre-tax revenue by 27% to £13.5m (2022: £10.6m).

The 12 months additionally noticed the family-owned firm proceed to construct its money place, with internet money influx of £14.7m, and operates totally with out borrowings.

Spending on programs and plant is predicted to be within the area of £20m in the course of the present 2023/24 12 months, it stated.

Clancy has now seen income progress for 5 consecutive years and says that the outlook stays good. This month it was chosen for South West Water’s capital supply framework and booked a five-year contract extension to assist Thames Water’s capital programme for the AMP8 regulatory interval.

Within the vitality sector, Clancy is increasing its assist in capital planning and supply for the ED2 value management interval for shoppers together with UK Energy Networks. 

This pipeline of latest and continued capital initiatives and long-term frameworks contribute to an anticipated ahead order e-book of £1.5bn, of which £800m has been secured since April.

Chief govt Matt Cannon stated: “The 2022/23 12 months has been top-of-the-line in our 65-year historical past by way of the size, worth and success of our supply for shoppers.  We’ve saved up this momentum by 2023, sustaining our progress trajectory with new appointments alongside longstanding relationships. 

“As we glance to 2024, we proceed to work onerous to ship our marketing strategy and to assist our shoppers’ ambitions in infrastructure.  On this we have now been rewarded by funding that we proceed to make in expertise and coaching, making certain that our individuals have the instruments and abilities they want for the longer term.

“The approaching 12 months won’t be with out its challenges, as we put together for AMP8 within the water sector and to speed up the decarbonisation of our vitality grids.  Nonetheless, with a powerful pipeline of funding throughout infrastructure networks and new programmes, we stay well-positioned for future success.”

Chairman Kevin Clancy added: “Although the UK has to date prevented a recession, inflation and low financial progress will stay a priority for the development and infrastructure markets. 

“Whether or not it’s by repairing wastewater networks, diverting utilities to assist transport infrastructure, or constructing the brand new vitality connections for internet zero, shoppers need to us for recent concepts and assist.  It offers me a whole lot of delight to see our groups tackling the challenges we’re dealing with with revolutionary approaches, working collaboratively to repeatedly enhance supply. 

“This entrepreneurial spirit, our secure monetary efficiency and our technique to function with out borrowing put us on sturdy footing to proceed to assist UK infrastructure within the 12 months forward.”

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