Type Public (LSE: MGNS) Operating income Headquarters London, United Kingdom Revenue 2.385 billion GBP (2015) | Founded 1977 Net income £36.8 million (2016) CEO John Morgan (Nov 2012–) Subsidiaries Morgan Est | |
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Industry Construction, Civil engineering Key people Adrian Martin
(Chairman)
John Morgan
(Chief Executive) Stock price MGNS (LON) 1,019.00 GBX +4.00 (+0.39%)17 Mar, 4:35 PM GMT - Disclaimer Profiles | ||
Morgan Sindall Group plc (LSE: MGNS) is a British based construction services business headquartered in London. It is a former constituent of the FTSE 250 Index.
Contents
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. Overbury, a fit out contractor which had been in business since 1942, was acquired by the Company in 1985. The Company secured a listing on the London Stock Exchange in 1994 when it entered into a reverse takeover of William Sindall plc.
William Sindall was a very old established and hugely respected name in the construction industry. William Sindall was established in the 1860s and was renowned for his quality work for the University of Cambridge. In 1988 William Sindall had acquired Hinkins & Frewin, a company established in 1847 and with a similar reputation for work for the University of Oxford, to create a truly Oxbridge construction group. The business was regionally based and apart from offices in Oxford and Cambridge, it also had offices in Banbury and Fareham.
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.
In June 2007 Morgan Sindall Group purchased the Construction arm of AMEC. In late 2010, it purchased the repairs division of Connaught plc.
Operations
Morgan Sindall Group is a UK construction and regeneration group operating in the public and commercial sectors. It operates through five divisions of construction and infrastructure, fit out, affordable housing, urban regeneration and investments.
Morgan Sindall Group has two divisions that specialise in office design, refurbishment and fit out: Morgan Lovell and Overbury.