Place-changing regeneration contributes to Morgan Sindall Group plc’s results

We’re proud to have contributed positively to half year results released by our parent company Morgan Sindall Group plc, the construction and regeneration group. 

 The Group delivered a record performance in the first half against a difficult market backdrop, with Group revenue increasing by 9% up to £1,698m (HY 2021: £1,559m), while adjusted operating profit increased 4% to £56.9m (HY 2021: £54.8m). The Group demonstrated continued balance sheet strength with net cash at the period end of £274m and has a high-quality order book with a secured workload of £8.5bn. 

 We’ve had a strong start to the year, delivering place-changing regeneration in collaboration with our partners in 40 places across the UK. We’re currently on site with 19 projects, including close to 2,500 homes, with a total construction value of £878m and gross development value of over £1.2bn. Our order book and forward development pipeline now stands at £2.2bn. 

 Our highlights so far this year include our national strategic partnership with Homes England and Legal & General, ECF, being extended another 10 years and continued momentum on rolling out our industry-leading sustainable development strategy, ‘Our Sustainable Future’. 

Kate Bowyer, managing director, said: