CONTRACTOR Clancy has reported revenues of £498 million and a pre-tax profit of £31.7 million for the 2025-26 financial year.
The year saw continued growth in new work in capital delivery, including bridge construction and utilities diversions for EKFB and SCS for HS2, and wastewater storage tanks for Southern Water and South West Water. The business also mobilised new contracts in strategic infrastructure, including on the installation of a 132kV substation at Sizewell C.
Clancy has reported a forward order book of £2.8 billion. The company’s position has been further strengthened by new appointments since the end of the period including in high-growth sectors such as battery energy storage systems and data centres.
The new Clancy Training Academy in Strood, Kent, will provide practical skills and training to develop the next generation of industry professionals and upskill the existing workforce.
The business’ skills development and model of direct employment helped to generate £70.8 million in social value in the year. More widely, the business doubled its funding for the Clancy Charitable Foundation to £200,000 during the year.
The period also saw Clancy more than double its spending on plant and equipment to £13.4 million in the year and see a significant reduction in emissions – the business has decreased its carbon intensity by 51% in the past five years. Absolute emissions have also fallen by 12.9% in the year.
Chief executive Matt Cannon said, “Our industry is under immense pressure to deliver resilient networks, a significant infrastructure pipeline, and value for money for consumers. Against this backdrop, I’m proud of the progress our business and teams have made this year – delivering for clients and strengthening the foundations that will help us meet demand in the years ahead.
“That all starts with trained people, supported by the right tools to do the job brilliantly. Opening our Clancy Training Academy in Kent is an important part of the ongoing investment we’re making on this front. The academy will see an expanded training programme for new starters, as well as upskilling current members of the team.
“This is only made possible by our strong financial footing, our model of direct employment, and our independence, which allows us to take a long-term view, operate without borrowing, and reinvest in what the business and our clients need.”
Kevin Clancy, chair of Clancy, added, “This year’s solid performance is a clear reflection of the commitment and hard work of our teams, from Cornwall to the Scottish Highlands, and the strength of the relationships we have built over the past 68 years as a long-term infrastructure partner for our clients.
“This is about more than just financial results. Our passionate and technically excellent people and our continued reinvestment in the business have allowed us to boost our broader impact, including success in halving our carbon intensity over five years. Together, our skilled workforce, our family ownership and our long-term strategy put us in good stead to support our clients’ ambitions as they build and maintain the UK’s infrastructure.”
