Morgan Sindall Group

Morgan Sindall Group plc (LSE: MGNS) is a leading British Construction & Regeneration group, headquartered in London employing around 6,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Morgan Sindall Group plc
TypePublic (LSE: MGNS)
IndustryConstruction, Civil engineering
Founded1977
HeadquartersLondon, United Kingdom
Key people
Michael Findlay
(Chairman)
John Morgan
(Chief Executive)
Steve Crummett
(Finance Director)
Revenue£3,071 million (2019)[1]
£93.1 million (2019)[1]
£71.2 million (2019)[1]
Number of employees
6,700 (2019)[1]
Websitewww.morgansindall.com

History

The company was founded by John Morgan and Jack Lovell with £1,000 from joint savings in 1977 and was initially based at Golden Square in Soho.[2] Overbury, a fit out contractor which had been in business since 1942, was acquired by the company in 1985.[3] The company secured a listing on the London Stock Exchange in 1994 when it entered into a reverse takeover of William Sindall plc.[4]

William Sindall was established in the 1860s, and was named for its founder, who was known for his work for the University of Cambridge. In 1988, William Sindall had acquired Hinkins & Frewin, a company established in 1847, known for their work for the University of Oxford.[5] The business operated from offices in Oxford, Cambridge, Banbury and Fareham.[4]

In 1998, Morgan Sindall bought Lovell Partnerships for £15m from the financially stretched Lovell Group. The business was one of the largest partnership housing operations in the country, and it also contained a private housebuilding division.[6]

In June 2007, Morgan Sindall Group purchased the construction arm of AMEC.[7] In September 2010, it purchased the repairs division of Connaught plc.[8]

In 2009 the company was fined £287,000 for its involvement in cover pricing activities. The company subsequently announced that it had carried out a comprehensive review of its activities.[9]

Operations

Morgan Sindall Group is a construction company and regeneration group operating in the public and commercial sectors. It operates through six divisions of construction and infrastructure, fit out, property services, partnership housing, urban regeneration and investments.[10]

References
  1. "Annual Results 2019" (PDF). Morgan Sindall. Retrieved 21 February 2019.
  2. "Alchemy in the UK". Building. 19 October 2001. Retrieved 26 February 2020.
  3. "Builder on acquisition trail as it continues drive to become a national contractor Morgan Sindall heads North with latest buy". Construction News. Retrieved 26 February 2020.
  4. Sindall marries into success The Independent, 20 August 1995
  5. William Sindall plc acquires Hinkins & Frewin Group Ltd Reuters, 1 July 1988
  6. Wellings, Fred: Dictionary of British Housebuilders (2006) Troubador. ISBN 978-0-9552965-0-5
  7. Morgan Sindall buys Amec's ailing construction business Building, 4 June 2007
  8. Morgan Sindall buys Connaught social housing arm, saves 2,500 jobs Daily Telegraph, 10 September 2010
  9. "Morgan Sindall carried out review after inquiry launched". Construction News. 22 September 2009. Retrieved 26 February 2020.
  10. "Morgan Sindall Group uses CEMARS to verify its 54% carbon reduction in six years". Achilles. Retrieved 26 February 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.