The company has made an important contribution to the Group's financial success during 2021, with its consistent delivery of community-boosting projects across the UK. This has been reinforced by investment in ground-breaking research initiatives that cemented its position at the forefront of low carbon innovation within the construction industry.
2021 has been an excellent year for the Group, with a record set of results. Group revenue rose 6% from 2020, delivering an adjusted operating profit of £131.3m (FY 2020: £68.5m) on revenue of £3.2bn (FY 2020: £3.0bn). The Group reported a secured order book of £8.6bn, up 4% on the year end. With a strong balance sheet and net cash of £358m (FY 2020: £333m), the Group is confident of achieving another good year of progress in 2022.
Pat Boyle, managing director for Morgan Sindall Construction, said: "Whilst 2021 continued to provide challenges for all of us working in the built environment, every obstacle we faced offered us the opportunity to explore ways in which we could use our capabilities and resources to find innovative and intelligent solutions for our customers.
"We have pushed ourselves and our industry partners to continually deliver better, greener buildings that support enhanced outcomes for all, while delivering game-changing research that will support our sector for years to come.
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"It's obviously pleasing to be able to report another strong financial performance, but the real success of our business comes from using our expertise to help the drive towards Net Zero. We are improving the economic and social wellbeing of communities across the UK and ensuring construction is an industry where anyone – regardless of background – can reach their potential."
During this period Morgan Sindall Construction not only focussed on successfully delivering a multitude of projects across the country, but invested in research that would help ensure the long term sustainability of the construction industry.
Launched in October 2021, the Circular Twin project involved digitally building a previous school project and reworking the scheme from start to finish so that each decision and design choice favoured a lower carbon outcome. The team collaborated with Scape, HLM Architects, Cundall and Lungfish Architects on Circular Twin. The project demonstrated whole life carbon savings of 67%, and utilised Morgan Sindall’s innovative and industry-leading CarboniCa carbon calculator and modelling tool.
Throughout this process, the project radically experimented with new working methods, notably adapting who was involved in design work and when, to form an early alliance of experts, with a shared goal to reduce the building’s Whole Life Carbon.
Circular Twin began in response to the climate emergency and is possibly the first in the construction industry to put into practice the strategies of the Construction Playbook and guidance from the UKGBC. It proves how the ultra-early alliance of designers, clients, contractor, and the supply chain leads to significant reduction in Whole Life Carbon for modest capital cost uplift.
Elsewhere, the company's Gen Z report – published in partnership with developer HBD, and professional services consultancy Gleeds - explored the best way to attract, retain and develop the industry’s future-fit workforce, published by three leading businesses operating in the built environment: main contractor Morgan Sindall Construction,
It found that fewer than one-third of Generation Z would consider a career in the built environment, with 57% of females still put off the industry because of perceptions it is male-dominated, according to new research.
