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Pre Close Trading Update

TClarke plc("TClarke" or the "Group") the Building Services Group announces a trading update ahead of the announcement of its preliminary results for the year ended 31 December 2012.

Since the Interim Management Statement made on 16 November 2012, trading has continued in line with the Board's expectations for the year.

We are pleased to report that despite pressures from clients, contractors and suppliers the Group remains debt free. Theconsistent focus on cash management across the Group has seen net cash improve to £5.4 million as at 31 December 2012 (31 December 2011: £0.6 million).  Whilst some cash will be used to fund the working capital requirements associated with new projects, we expect the Group's net cash position to remain positive throughoutthe course of the normal business cycle.

The forward order book as at 31 December 2012 was £230m (£190m 31 December 2011), with over 55% of the requirement for 2013 secured.

New contract wins include:

·      1,500 Residential units across Scotland.

·      240 Blackfriars, Residential Block, London. (The commercial office development for Great Portland Estates having been previously secured).

·      Ashcombe Primary School,Weston-super-Mare.

·      Brindley Place, Commercial Offices, Birmingham.

·      Hermitage Court, Commercial Offices, Maidstone.

·      Premier Inn, Falmouth.

·      The Shard Fit Out Works, London.

·      University of East Anglia, Building 57, Norwich.

·      Waitrose Stores at Buckhurst Hill, Cirencester, Clapham and Stirling.

·      Woodlands School, Basildon.

·      York Hospital Maternity Unit, York.

In addition as a partner in Balfour Beatty's successful bid on the Welsh Government's 'Designed for Life: Building for Wales 3? National Framework we have secured the first project to be released; Cardigan Health and Social Care Centre, Cardigan Bay, to commence later this year.

We expect market conditions to remain tough during 2013, but we maintain strict criteria when assessing which projects to bid for and ensure that our tender prices reflect the true cost of completion.

Notification of Results

TClarkewill announce its preliminary results for the year ended 31 December 2012 on Tuesday 19 March 2013.  A presentation for analysts will take place at 9.30am on that morning at TClarke'soffices located at 45 Moorfields, London, EC2Y 9AE.

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Date 11 January 2013

For further information contact:

TClarke plc
Mark Lawrence                             Martin Walton

Group Chief Executive                   Finance Director
Tel: 020 7997 7400                      Tel: 020 7997 7400

www.tclarke.co.uk    

N+1 Singer (Financial Adviser and Broker)

Sandy Fraser

Tel: 020 7496 3000

City Profile

Simon Courtenay / Abigail Genis

Tel: 020 7448 3244


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