T Clarke reports 'good progress' in resolving regional management muddles

T Clarke, the electrical contractor, has issued a statement saying that it has “made good progress to improve the management of its regional subsidiaries”.

The report adds: “It has streamlined the reporting structure and has plans to install a new integrated IT system across the group that is designed specifically for construction.

“The board is confident that the legacy issues that have affected trading in a small number of the regional businesses have now bee resolved.

“All the operating businesses are reporting that trading conditions in their markets are buoyant and that the performance they are delivering is at an encouraging margin.”

T Clarke is on track to meet current market expectations for its financial performance for the full year, said Pat Stanborough, chief executive.

Stanborough added: “The group is making encouraging progress in both our core London business and our regional subsidiaries.”