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Bracknell: Morgan Lovell contributes to parent's strong growth

By Dan Teuton
7 August 2019

Leading office interior design, fit out and refurbishment specialist Morgan Lovell, which has offices in London and Bracknell, has contributed to half-year results by parent company Morgan Sindall Group plc, the construction and regeneration group. 

Morgan Sindall Group has delivered strong profit growth in the first half of this year with adjusted operating profit up 18% to £37.5 million (HY 2018: £31.9m) on revenue of £1,421m (HY 2018: £1,423m). The Group reports a secured order book of £4.2 billion, up 19% from the year end, with the regeneration and development pipeline now £3.3b, up 6% from the year-end position. With adjusted earnings per share up 15% for the period to 64.2p (HY 2018: 55.6p), and interim dividend up 11% to 21.0p (HY 2018: 19.0p), the Group is confident of a strong performance for the second half of 2019.

“Creativity, high quality fit-out and exceptional service delivery has given us a strong first half,” says Chris Booth, managing director of Morgan Lovell.

“Our presence in London and the South, as well as projects secured across a wide range of sectors, has enabled us to maintain a strong performance to date. We’re proud to have contributed to the Group’s results for the first half of 2019.”

Key projects for Morgan Lovell in the first half of 2019 include:

  • Completed the design and fit out of circa 6,000 sq ft of office space for the Royal Navy’s digital centre of excellence, Programme NELSON, at HMNB Portsmouth.
  • Completed the design and build of a new circa 12,000 sq ft office for Camelot Global’s Camelot Lottery Solutions in London.

Morgan Lovell -

Located in London and the Thames Valley, Morgan Lovell is the UK’s leading office interior design, fit out and refurbishment specialist. With its own teams of designers, surveyors and project managers, the company can design, manage and deliver entire projects, with the benefit of just one point of contact. It is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of c£2.9 billion and which operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.

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