Morgan Lovell contributes positively to Morgan Sindall Group’s financial performance

Focusing on cutting-edge office designs that cater to modern workplace needs, Morgan Lovell has been instrumental in redefining work environments. Its commitment to sustainability, innovative design and superior fit out delivery has supported clients in making their offices more appealing and conducive to returning staff.

Morgan Sindall Group delivered a strong performance in 2023 against a difficult market backdrop. The results were another record for the Group and reflected the strength and breadth of the Group’s operations and the talent and commitment of its people.

Group revenue increased by 14% to over £4.1bn, while adjusted operating profit before tax was up 6% to £144.6m. The Group’s balance sheet remains strong with net cash of £461m, and its high-quality secured order book of £8.9bn, up 5% on the prior year leaves the Group well-positioned for the future and on track to deliver a result for 2024 in line with its current expectations.

Chris Booth, Managing Director of Morgan Lovell, reflects on the year: “Our achievements in 2023 stem from our forward-thinking approach to workplace design, helping our clients to thrive and attract top talent. The robustness of our project portfolio this year highlights the growing importance businesses place on reinventing their workspaces to foster a culture of collaboration, flexibility and increased productivity. This success would not be possible without our dedicated team, whose expertise and commitment to excellence have been pivotal in maintaining our leadership in the industry.”