Morgan Lovell plays key part in Morgan Sindall Group’s financial results

Commenting on today's results, Morgan Sindall Group Chief Executive John Morgan said: "2024 was another record year for the Group, reflecting the high quality of our diverse operations underpinned by the talent and commitment of our people, delivering significant double digit growth for both adjusted profit before tax and the full year dividend, supported by our high quality orderbook.

Group revenue increased by 10% to over £4.5bn, while adjusted operating profit before tax was up 19% to £172.5m. The Group’s balance sheet remains strong with net cash of £492m, and its high quality secured order book of £11.4bn, up 28% on the prior year leaves the Group well positioned for the future and on track to deliver an outcome for 2025 which is in line with its current expectations."

Reflecting on the strong results, Chris Booth, Managing Director of the Fit Out division shared, “As the sector evolves, our team is consistently designing and delivering high quality workplaces for ambitious businesses and our results reflect that. At Morgan Lovell, our team thrives on collaboration—working hand in hand with clients, consultants and supply chain to create exceptional spaces.”

Some of Morgan Lovell’s clients in 2024 included Accrue Capital, Aurora Energy Research, Greystar, Just Climate (by generation), Kajima Properties (Europe), Mapletree, MediaWorks for Stanhope, Molton Brown, Sage UK, Trinity Life Sciences, Ultra Maritime, Wavestone and Wood Group.