LONDON (ShareCast) - TClarke, a building services group, on Friday unsettled investors after admitting trading conditions had remained 'tough' throughout the 12 months ended December 31st, although it said that there had been more optimism in the UK construction market since then.

The group also reported that the final settlement for one of its 2013 contracts remained outstanding, adding that it had not recognised either profit or loss on the project. It said final contract negotiations with the contractor were ongoing.

Its cash position for the year remained positive with just over £1m at the year-end.

The forward order book was "solid" at £250m, up £20m when compared with a year earlier.

"There is more optimism in the UK construction market and we are winning assignments on some of the most exciting and prestigious construction projects across the country which is encouraging for 2014 and beyond," the group said.

NR

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