MIDAS SHARING TIPS UPDATE: Our tip T Clarke lit up Windsor Castle
MIDAS SHARED TIPS UPDATE: Our T Clarke council installed electric lights and service bell systems at Windsor Castle and St. James’s Palace
Founded in 1889 and listed 60 years later, the T Clarke engineering group installed electric lights and service bell systems at Windsor Castle and St. James’s Palace, electrified hospitals, universities and government buildings, and lit landmarks. from the Tower of London to the Dorchester Hotel.
Times have changed since those days, but T Clarke boss Mark Lawrence has made sure his company has changed with them.
Today, the business covers everything that makes a 21st century building work effectively: LED lighting, heating and cooling, security alarms, and robust IT systems to keep electrical devices running smoothly.
A bright light: T Clarke installed electric lights and bell systems for servants at Windsor Castle
The group works with homebuilders and commercial developers; schools, universities and hospitals and, in recent years, data centers, where T Clarke installs the computer and electrical systems, sometimes building the sheds from scratch.
Across the group, clients include Apple, Facebook and Google, as well as major real estate firms such as British Land and its rivals Landsec and Stanhope.
This wide range helps isolate T Clarke in tough times.
The firm also runs one of the best-known apprenticeship programs in the country.
Lawrence himself started as a 17-year-old apprentice in 1985 and two-thirds of the group’s 1,200 workers were trained on the scheme, building loyalty, encouraging skilled labor and protecting T Clarke from the worst of labor shortages. current work.
Results for 2021 showed a 41% increase in turnover to £327m with a 53% increase in profit to £7.8m and a 10% increase in dividend to £4.85p. .
Lawrence is targeting £500m of revenue by 2023 and is very likely to hit that target, with earnings and dividends rising in sync.
Midas Verdict: Midas recommended T Clarke in 2017 when shares were at 76½ pence. They have since doubled to £1.53 and should continue to gain ground. This company has played a central role in Britain for decades and, more importantly, has shown that it can evolve with the times. A lasting investment.
Traded in: main market Heart: CTO Contact: tclarke.co.uk or 020 7997 7400