Office interior design, fit out and refurbishment specialist Morgan Lovell, which has offices in London and Bracknell, has contributed to half year results released today (2 August 2016) by parent company Morgan Sindall Group plc, the construction and regeneration group.

The Group has delivered strong profit growth in the first half of this year with operating profit before amortisation and exceptional operating items up 17% to £18.2 million (HY 2015: £15.5 million) on revenue of £1,148 million (HY 2015: £1,152 million). The Group reports an order book of £3,148 million, an 11% increase from £2,826 million, supported by a £3.2 billion pipeline of regeneration schemes, up 1% on the previous year end position. Adjusted earnings per share saw a 22% rise for the period to 29.8p (HY 2015: 24.5p). The interim dividend has been increased by 8% to 13p per share (HY 2015: 12.0p) with the Group on track to deliver a full year result slightly above previous expectations.

"Our committed order book gives us confidence moving into the second half of the year and 2017, giving good visibility of our future workload in core markets and regions. Looking ahead, our expertise and reputation in the market will help us win further work, deliver more award-winning fit outs and strengthen our client relationships."

Chris Booth, managing director of Morgan Lovell

“It's been a positive start to 2016, and as expected, we’ve delivered another strong performance. By increasing operational efficiencies and focusing on innovation in project delivery, our division continues to grow its share of the office fit out and refurbishment market,” says Chris Booth, managing director of Morgan Lovell.

“Our committed order book gives us confidence moving into the second half of the year and 2017, giving good visibility of our future workload in core markets and regions. Looking ahead, our expertise and reputation in the market will help us win further work, deliver more award-winning fit outs and strengthen our client relationships.”

Key projects for Morgan Lovell in London and the South this year include:

London

  • A design and build project for the consolidated UK headquarters of leading international media company AMC Networks International, which has been responsible for bringing shows like Breaking Bad, Fear the Walking Dead and Mad Men to UK televisions.
  • A £900,000 refurbishment of 18,000 sq ft of space for the Alan Turing Institute – the UK’s national institute for data science, based at the British Library in Euston Road.
  • The completion of an office design and build project for luxury residential developer Taylor Wimpey Central London in Soho, following a three-month refurbishment near Piccadilly Circus.
Morgan Lovell fit out for Taylor Wimpey Central London

Regional

  • A £6.5 million design and build project for MotoNovo Finance as it relocates its office and customer service centre to Cardiff’s enterprise zone. The move, which is supported by Welsh government funding, will create almost 600 jobs.
  • A design and build project for national health and beauty retailer Superdrug to transform its new 55,000 sq ft Croydon premises into a collaborative workspace that supports staff wellbeing and company growth.
  • A £900,000 project for Costa Coffee in Basildon, Essex, to design and build the high-specification interiors of an all-new flagship coffee roasting facility, headquarters and product development laboratory.
  • Morgan Lovell completed the 25,000 sq ft Maidenhead office refurbishment of environmental services company SUEZ.
Morgan Lovell’s design and build project for SUEZ