Design and build specialist, Morgan Lovell, has contributed to preliminary results for the half year to 30 June 2020, released on 5 August 2020, by parent company Morgan Sindall Group plc, the construction and regeneration group.

Morgan Sindall Group plc delivered results for the half year to 30 June 2020 which were unsurprisingly impacted by the COVID-19 pandemic, with adjusted profit before tax down 57% to £15.7m and revenue down 4% to £1,363m.

Importantly, however, the Group’s balance sheet remains strong, with average daily net cash in the period increasing to £153m and period end net cash of £146m. With its secured workload up 5% to £8.0bn, the Group is confident of future success and growth.

“Our commitment to delivering exceptional service for our clients has never been stronger. Our teams have worked tirelessly through these unpredictable months to serve our clients and maintain our reputation. We’re enormously grateful for all their efforts.

We’re proud of the part we’ve played in contributing to our parent company’s half year results during this challenging period,” says Chris Booth, managing director of Morgan Lovell.

Key projects during this unprecedented time for Morgan Lovell include: