Family-owned civils contractor Clancy has reported record financial results as rising investment in water, energy and major infrastructure projects continues to generate new workloads.
For the year to 29 March 2026, Clancy recorded a pre-tax profit of £31.7m, up from £28m in the previous year, while turnover increased from £429.6m to £498m. The contractor’s forward order book stood at £2.8bn, giving it a substantial pipeline of work across its core infrastructure markets.
Capital delivery work during the year included bridge construction and utilities diversions for the EKFB and SCS joint ventures on HS2, wastewater storage tanks for Southern Water and South West Water, and the mobilisation of work to install a 132kV substation at Sizewell C. Clancy has also secured further appointments since the end of the financial year in areas including battery energy storage systems and data centres.
The company ended the year with a net cash position of £58m, supporting further investment in its operational capacity. Spending on plant and equipment more than doubled during the year to £13.4m, while the new Clancy Training Academy in Strood, Kent, has opened to provide practical training for new recruits and additional skills development for existing employees.
Matt Cannon, chief executive at Clancy, 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.”
The contractor’s investment programme has also included measures to reduce emissions from its operations. Clancy said its carbon intensity has fallen by 51% over five years, while absolute emissions decreased by 12.9% during the latest financial year despite the growth in turnover. Its direct employment and skills development programme generated £70.8m in social value during the year.
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.”
