Within the 12 months to 30th March 2025, family-owned Clancy larger turnover by means of 13% to £430m (2024: £379m) and grew pre-tax benefit by means of 75% to £28.0m (2024: £16.0m).
This luck has been supported by means of the efficient mobilisation of key frameworks in power and water, the corporate mentioned. Those come with paintings on South West Water’s Capital Supply Programme tier 1 framework, and Scottish & Southern Electrical energy Networks’ (SSEN) Capital Supply Agreements partnership to improve the supplier’s community around the south of England during the ED2 regulatory length.
Clancy’s ahead order guide of £2.8bn additionally displays new wins within the 12 months throughout power, water and primary civil engineering, together with to assist Southern Water ship its AMP8 funding, and for a programme of fuel mains and repair substitute works for Southern Fuel Networks (SGN).
Inside of primary programmes, the industry has expanded its paintings as a consultant contractor for EKFB and SCS joint ventures on HS2, in addition to securing a brand new appointment as design & construct spouse for the Outdated Abbey 132kV substation for Sizewell C.
In spite of a difficult financial backdrop, Clancy continues to function with out borrowing, with money and money an identical on the finish of March 2025 achieving £46.8m. This monetary footing supplies the platform for reinvestment within the industry. Funding in new plant and kit all over the 12 months reached £15.8m whilst 86,000 hours of coaching used to be delivered around the 3,000-strong body of workers in the course of the in-house Clancy Academy.
The industry’ fashion of direct supply and reinvestment to construct abilities may be seeing it strengthen enlargement thru inner promotions – with 170 made within the 12 months – and a strengthening of management groups. Closing month, Michael Cape, who joined Clancy in 2003, used to be appointed to the manager board as government director for protection, well being, atmosphere, high quality and fleet (SHEQF). Different key promotions have incorporated Hannah Leggatt as Clancy’s first director of atmosphere & sustainability, and Rebecca Glendinning to director of well being, protection & wellbeing.
Leader government Matt Cannon mentioned: “The previous 12 months has noticed us mobilise impulsively to strengthen primary funding throughout our infrastructure markets – accelerating new programmes in power and water tied to the regulatory cycle, in addition to securing new wins in rail, fuel and nuclear. We’ve got expanded our geographical footprint with the strengthen of recent places of work in London, Exeter and Basingstoke, serving to to solidify our place to ship very good effects for shoppers throughout the United Kingdom.
“Taking a look forward, we see wider alternatives to take care of our enlargement trajectory, in particular in bringing to undergo our primary civil engineering revel in to give a contribution to high-performing three way partnership and provide chains as infrastructure funding expands.
“Our solid monetary effects for the previous 12 months supply us with the boldness and skill to proceed our center of attention on reinvesting within the industry – that specialize in outstanding supply and long-term partnership with our shoppers.”
Board chair Kevin Clancy added: “Steady funding in abilities is central to our direct supply fashion and our skill to flex and develop to satisfy shoppers’ converting wishes. This manner has led to various key promotions during the last 12 months, together with the growth of Clancy’s government board. As a family-owned industry, we need to be offering life-long careers that imply our folks stick with us for the longer term – over 1 / 4 of our body of workers has now been with us for greater than a decade.
“However our way to the abilities problem isn’t just about the ones with excessive ranges of revel in. We recognise that, to an extent, the trade wishes protected folks prior to it wishes professional folks. We’re happy to be offering alternatives thru tasks just like the Abilities for Existence Bootcamp to get folks into development and dealing safely on web page even prior to they achieve tier 1 coaching. Laying that groundwork shall be important to turning in at the massive call for for essential infrastructure over the approaching years and a long time.”
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