skip to Main Content

Morgan Sindall Property Services contributes to Morgan Sindall Group’s positive results

Repairs and maintenance specialist Morgan Sindall Property Services (MSPS) has helped to deliver positive preliminary results for the year end of 2019, in figures released today by Morgan Sindall Group plc, the construction and regeneration group.

Morgan Sindall Group plc delivered strong profit growth in 2019, with adjusted profit before tax up 11% to £90.4m on revenue of £3,071m, up 3%.  In addition, the Group’s balance sheet remains strong, with average daily net cash in the year increasing to £109m and year end net cash of £193m.  With its secured workload up 14% to £7.6bn, the Group is well-positioned for future growth and another good year of progress is expected in 2020.

Alan Hayward, Morgan Sindall Property Services managing director, said: We have a secured order book in excess of £900m consisting of long-term contracts – a 25% increase from the previous year – and have a strong pipeline in social housing and from future work with the Ministry of Defence.

“We continue to develop our offering focusing on exceptional customer service and providing additional value to the communities we operate in by using data to provide actional insights. Our use of Data Insight distinguishes us in the marketplace.

Our three new major contracts with South Essex Homes, St Albans City and District Council and London Borough of Waltham Forest went live in April 2019 and have been successfully mobilised, contributing to a 15% increase in turnover.

“In the period under review the business has also been appointed to two four-year frameworks with the South East Consortium (SEC) the first for its heating and compliancy works and the second for its internal and external building works.

“A contract with One Housing valued at £870,000 was also secured for the delivery of fire safety works to a residential tower block with 145 flats.

“The company was also successful in winning the Best Contract Award with Westminster City Council at the National Housing Maintenance Forum (NHMF) conference in Birmingham.”

Share

Morgan Sindall Property Services Improve the Energy Efficiency of Longhurst Homes
This month, Morgan Sindall Property Services (MSPS) welcomed Marcus Keys, Executive Director of Growth, Development and Assets at Longhurst Group…
Morgan Sindall Property Services Improve the Energy Efficiency of Longhurst Homes
Morgan Sindall Property Services Supports Basildon’s Biodiversity
For the month of April, Basildon Borough Council hosted a biodiversity competition for residents. Residents were encouraged to take pictures…
Morgan Sindall Property Services Supports Basildon’s Biodiversity
Welwyn Hatfield Tenants to Benefit From Energy-Efficient Home Retrofit
Morgan Sindall Property Services (MSPS) and Welwyn Hatfield Borough Council (WHBC) held a series of meet-the-contractor sessions to brief tenants on upcoming energy…
Welwyn Hatfield Tenants to Benefit From Energy-Efficient Home Retrofit
Morgan Sindall Property Services Launches it’s Flagship Apprenticeship Academy
Morgan Sindall Property Services (MSPS) is proud to announce the launch of its ground-breaking Apprenticeship Academy, aimed at attracting and…
Morgan Sindall Property Services Launches it’s Flagship Apprenticeship Academy
Morgan Sindall Property Services becomes member of the National Home Decarbonisation Group
Morgan Sindall Property Services is proud to announce that it has joined the National Home Decarbonisation Group(NHDG), an alliance of…
Morgan Sindall Property Services becomes member of the National Home Decarbonisation Group
Morgan Sindall Property Services Appointed by Longhurst Group to Deliver Retrofit Project
Morgan Sindall Property Services has been appointed by Longhurst Group to help deliver a new project to improve the energy…
Morgan Sindall Property Services Appointed by Longhurst Group to Deliver Retrofit Project
Morgan Sindall Property Services is Announced as a Finalist in the “Green Homes Upgrade of the Year” Award
Morgan Sindall Property Services (MSPS) with Westminster City Council has been announced as a finalist in the Unlock Net Zero…
Morgan Sindall Property Services is Announced as a Finalist in the “Green Homes Upgrade of the Year” Award