Morgan Lovell’s robust performance contributes to Morgan Sindall Group plc’s half year results

As part of Morgan Sindall Group plc, specialist office design and build company Morgan Lovell is immensely proud to contribute to the success of the Group's 2022 half year results.

John Morgan, chief executive, Morgan Sindall Group plc states, "The Group delivered a record performance in the first half against a difficult market backdrop, with Group revenue increasing by 9% up to £1,698m (HY 2021: £1,559m), while adjusted operating profit increased 4% to £56.9m (HY 2021: £54.8m). The Group demonstrated continued balance sheet strength with net cash at the period end of £274m and has a high-quality order book with a secured workload of £8.5bn. Following our strong first half performance and with the current visibility we have of the rest of the year, we now expect to deliver a result for the full year which is slightly ahead of our previous expectations."

Chris Booth, managing director of Morgan Lovell said, “Our strong 2022 half year results are a testament to our commitment to delivering exceptional service and high quality fit out projects for the UK’s leading businesses. I’d like to thank our clients, staff, supply chain and delivery partners for helping make this another successful half year.”

Significant projects since February 2022 include: the design and build fit out for Montagu Private Equity in London; multiple projects for space provider Instant Group, creating 135,380 sq ft of lettable office space; the Cat A fit out of 180,000 sq ft at Campus Reading (one of the largest office developments in the Thames Valley), and the completion of Hutchinson 3G UK/Three UK’s new 117,000 sq ft workspace in Longwater, Reading.