Morgan Sindall Group has announced that it now expects its full-year results for 2025 to exceed previous forecasts, citing continued improvement from its Fit Out division.
In its latest trading update, the UK-based construction and regeneration group stated that performance in Fit Out had strengthened further, resulting in higher profit expectations for the year.
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The Fit Out division delivers commercial interior fit-out projects under the Overbury and Morgan Lovell brands.
As of 31 August 2025, Morgan Sindall’s total secured order book reached £12.2bn ($16.4bn). This is an increase of 2% from the half-year point and up 7% compared to the end of 2024.
The Fit Out division recorded a secured order book of £1.6bn as of the same date, with £900m allocated to projects for 2026 and beyond. This represents an 8% increase on both the mid-2025 and end-2024 position.
Morgan Sindall stated that there are no changes in its medium-term target for the Fit Out division.
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By GlobalDataAccording to the group, its Partnership Housing division continues to deliver profits in line with earlier projections.
During the latest reported period, Morgan Sindall was appointed as the preferred developer by Birmingham City Council on the Druids Heath regeneration scheme. The project involves building approximately 3,500 new homes over the next 20 years.
The group also entered into a development deal with Cardiff Council and Vale of Glamorgan Council to build 2,500 homes during the next ten years.
Morgan Sindall said that both its Construction and Infrastructure divisions continue to track towards previously set profit targets, underpinned by ongoing growth in their respective order books.
Meanwhile, the Property Services business remains on course to achieve a modest profit in accordance with earlier guidance, said the group.
The group’s daily average net cash stood at £361m for the period of 1 January to 30 September 2025. This includes £45m held in jointly controlled operations or reserved for future supplier payments.
This compares with £372m over the same period in 2024. The group now expects its full-year average daily net cash to be more than £350m, ahead of its earlier guidance of £330m.
Morgan Sindall Group plans to publish its audited full-year results for the 12 months ending 31 December 2025 on 25 February 2026.
In May this year, Morgan Sindall Construction was appointed as the main contractor for the Brunswick Wharf development in Devon, UK.
