Construction and regeneration company Morgan Sindall Group plc has seen its profits fall by 34% for the year ended 31 December 2013 – but its forward order book has risen 8% to £2.4 billion.
Announcing its preliminary results today, the Group said it had delivered strong operating cash flow with year end net cash of £70m (2012: £50m)against a backdrop of continued challenging trading conditions. The Group’s construction and infrastructure division - which accounts for more than half of total revenue – have been particularly impacted by difficult market conditions, which significantly affected overall profitability.
Operating profit before amortisation and exceptional operating items was £33.6m (2012: £48.1m) on revenues of £2,095m (2012: £2,047m). The Group’s committed order book stands at £2.4bn (2012: £2.2bn) and the regeneration & development pipeline grew to £3.0bn (2012: £2.5bn).
Commenting on the results, Chief Executive, John Morgan said:
“2013 has seen challenging conditions predominate across most of our markets, with competitive pressures impacting on margins and profitability. Notwithstanding this, the positive operating cash flow generated by the business has allowed us to make further investment in strategic assets, key skills and resources, which positions the Group well to benefit from future growth opportunities.”
“Looking ahead to 2014, although there are signs of improving conditions in some of our markets, it is anticipated that upward pressure on supply chain costs and skills availability will provide additional management challenges. Against this backdrop, we remain confident that our robust order book and on-going disciplined approach to contract selectivity will support the delivery of growth in this year and beyond.”
AMP6 frameworks extended for Yorkshire Water and Severn Trent Water
During 2013, Morgan Sindall’s Water team continued their work to upgrade and enhance the UK’s water networks with three key frameworks for Yorkshire Water, Severn Trent Water and Welsh Water. Projects include clean water and waste water schemes ranging in value from £5 million to £50 million. Current Yorkshire Water projects include the circa £14.6 million project to upgrade Castleford Waste Water Treatment Works, the circa £22 million project to improve Bridlington’s bathing water quality and a similar project at Scarborough, worth around £26 million. The frameworks for Yorkshire Water and Severn Trent Water have already been extended for the next Asset Management Period 2015 – 2020.
Graham Shennan, managing director of Morgan Sindall said that collaborative relationships with supply chain and joint venture partners had ensured the firm had continued to secure strategically important contracts and framework positions across a wide range of market sectors.
Morgan Sindall shares are currently down about 6.01% at 743.00 pence at 1140 GMT on the London Stock Exchange.
With the UK government demanding a 50% reduction in storm overflow spills by 2029, the era of reactive management is over. Speaking in the House of Commons on 21 July 2025, then environment secretary Steve Reed said, “This Government will cut water companies’ sewage pollution in half by the end of the decade.”
ERG, the leading supplier of odour control systems and industrial gas cleaning & thermal systems, has been awarded the coveted King’s Award for Enterprise.
Welsh Water’s new artificial intelligence-driven tool, ORAI, has been shortlisted for three categories at the prestigious British Data Awards 2026 – underscoring the company’s commitment to using cutting-edge technology to deliver better outcome for customers.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.