Profit success for Morgan Lovell

AN INTERIOR design company is celebrating after half-year results for its parent company have been announced showing an operating profit increase of 28%.

Morgan Lovell which has offices in Bracknell, is part of the construction and regeneration firm Morgan Sindall Group plc.

It says that the group delivered profit growth in the first half of this year with adjusted operating profit up 28% to £31.9m on revenue of £1,423m, a 9% increase on the previous half year.

As a result, the interim dividend has been increased by 19% to 19p with the Group confident of an equally strong performance for the second half of 2018.

“We are proud to have contributed to a strong set of half year results for the Group,” said Colin Allan, managing director of Morgan Lovell Southern. “Morgan Lovell’s reputation for creativity and exceptional service delivery has given us a great start to 2018.”

Key regional projects for Morgan Lovell Southern in 2018 include:

A design and fit out of a new call centre in Houghton Regis, Bedfordshire, for hospitality company Whitbread plc to create a new agile working environment.

Provision of workplace consultancy, design and fit out services to create new office workplaces for major homebuilders Countryside Properties plc across the

UK. Recent projects include Devonshire Square in London, Turnford Place in Broxbourne, Hertfordshire, and Suffolk House in Sevenoaks, Kent.