Morgan Lovell puts in a steady performance to Morgan Sindall Group results

Morgan Lovell's office design services have helped clients adapt their workplaces to the changing role of the office. Adding to the success, they have been recognised as Office Design Specialists of the Year in the Thames Valley Property Awards.

John Morgan, chief executive, Morgan Sindall Group plc, said: "The Group delivered a strong performance in 2022, with significant strategic and operational progress made across the business despite the market headwinds. The results were another record for the Group and reflected the high quality of the Group’s operations and the talent and commitment of its people. Group revenue increased by 12% up to £3,612m while adjusted* profit before tax increased 7% to £136.2m. The Group’s balance sheet remains strong with net cash of £355m, and with a high-quality secured workload of £8.5bn, the Group is looking forward with optimism."

Chris Booth, managing director of Morgan Lovell, states: “Our company's primary focus remains unchanged. We’re committed to delivering the highest quality fit out projects with exceptional customer service. This approach has put us at the forefront of the UK's leading businesses that are seeking to transform their offices for the modern era. Despite the global market challenges, our teams have delivered for our clients. They have exceeded expectations and have been instrumental to our success. We’re immensely grateful to our people and our delivery partners for their unwavering hard work and dedication.”

*Before exceptional building safety charge of £48.9m and intangible amortisation of £2.0m