Electrical contractor Clarkson Evans has said its turnover has increased by 16 per cent to £62.2 million, as it continues to work its way back towards pre-pandemic levels.
The Staverton-headquartered firm – which employs 850 staff across 21 national branches and wired more than 24,000 new UK homes in 2021 – revealed the figures in its just-published annual report for 2021.
Profits after tax was also up – from £510,093 to £2.6 million – with the business predicting more growth in 2022, but it was keen to temper any celebrations, an acknowledgment it is yet to reach pre-Covid-19 levels and of the challenging times its sector still faces.
In 2019, before the world-wide pandemic hit, Clarkson Evans reported a turnover of £65 million.
Doug Sparrow, financial director at Clarkson Evans, said: ‘The year has once again been disrupted by the impact of Covid-19 with revenues and profits lower than pre-pandemic.
‘However, the directors are pleased with the performance of the company during a financial year where we have maintained market share and are well positioned for growth as the economy and sector continue their recovery.
‘The directors foresee that growth will continue and this will be achieved by being the UK’s leading electrical contractor to the sector and winning additional contracts through the network of branches throughout England and Wales.’
Sparrow said the firm continued to invest heavily in staff, particularly through its electrical apprenticeship scheme, noting 70 per cent of its managers in technical positions joined the company as apprentices.
He said 2021 had also been a year of investing in green technologies, including starting to transition Clarkson Evans’ car fleet to hybrid and electric vehicles, as well as supporting ‘key projects’ such as the Barratt Z House in Salford, a prototype zero carbon home.
Key changes to building regulations requiring new housing to have electric vehicle charging points, the Government’s push towards solar panels and the requirement for all heating and cooking facilities in new-build homes to be electric post 2025 were also highlighted as potential growth drivers.
In January this year firm announced it was undergoing a management buyout, with then managing director Nathan Evans and founder Steve Evans stepping back but remaining significant shareholders.
For more information about Clarkson Evans, visit Clarksonevans.co.uk.
