Morgan Lovell puts in a resilient performance to Parent Group Results

As part of the Fit Out division, office design and build specialist, Morgan Lovell, is proud to have continued to contribute to the success of Morgan Sindall Group's 2020 full year results for the year ended 31 December 2020 released today (25 February 2021).

Morgan Sindall Group demonstrated resilience in the face of the COVID pandemic, delivering an adjusted operating profit of £68.5m (FY 2019: £93.1m) on revenue of £3.0bn (FY 2019: £3.1bn). The Group reported a secured order book of £8.3bn, up 9% year-on-year. With a strengthened balance sheet and net cash of £333m (FY 2019: £193m), the Group has ended 2020 with real momentum. It now expects profit to be materially ahead of its previous expectations and slightly ahead of that delivered in 2019.

“Our commitment to delivering exceptional service and high quality fit outs in COVID-safe environments has been a driving force for the business during these unprecedented times. We’re enormously grateful and thankful to everyone at Morgan Lovell, because they have worked tirelessly through this challenging year to serve our clients, support each other and maintain our reputation. We’re proud of the part we’ve played in contributing to our parent company’s results during this challenging year,” says Chris Booth, managing director of Morgan Lovell.

Projects delivered in 2020 for Morgan Lovell include:

• Category A fit out for mixed-use developers, London Square for their new 80,000 sq ft development, Cally Yard on the Caledonian Road.
• The design and fit out of 25,000 sq ft of office space for WaterAid in Canary Wharf.
• Third commission with software company, R3, adding 14,000 sq ft of office space to their London Wall HQ.
• Bringing three of Vibrant Food’s brands under one 14,000 sq ft roof at Croxely Park, Watford.
• Refurbishment of Metapack’s Gray Inn Road 12,500 sq ft office, creating a destination workplace.