Lovell Partnerships reinforces Morgan Sindall Group’s strong HY26 performance with resilient results and a strong housing pipeline

National partnership housing specialist Lovell Partnerships Ltd has welcomed its positive contribution to parent company Morgan Sindall Group’s strong half-year results for 2026, announced 23 July 2026. 

Morgan Sindall delivered another record half year result for the Group, achieving significant growth in adjusted profit before tax, up 21%. Its performance continues to reinforce the Group’s track record of delivering strong revenue and growth in profits leading to robust cash generation, enabling continued investment in our Partnership businesses while also supporting strong dividend growth.  

The Group delivered another robust performance in the first half of 2026, with significant contributions from both the Fit Out and Construction divisions. Group revenue increased by 8% up to £2,562m, while adjusted operating profit increased by 21% to £111.5m. Adjusted operating margin was 4.4%, 50 basis points higher than the prior period. 

Lovell delivered strong margins with operating profit remaining in line with the prior period at £13.2m, while its secured order book stood at £2.46bn. With a further £3.06bn of work at preferred bidder stage, the figures underline the strength, resilience and relevance of its partnership-led model across the UK housing market and provide strong visibility over future delivery. 

Operating as both a contractor and developer, Lovell works in long-term partnership with local authorities and housing associations to deliver high-quality affordable and mixed-tenure homes.  

This approach continues to provide a robust platform for delivery, particularly at a time when housing need remains acute and public sector demand for trusted delivery partners remains strong. 

Despite challenging economic conditions, Lovell continued to invest in and develop its long-term partnerships with local authorities and housing associations, ensuring the business remains well placed to support the delivery of new affordable homes and sustainable communities.

 Its high-quality secured order book was supported by ongoing successful client engagement and work secured through two-stage tenders, frameworks and direct negotiation. 

In the East Midlands the first half of the year saw continued progress across a number of strategically important developments, strengthening the company's future work pipeline in the region. 

This included the acquisition of a 13-acre parcel of land at Phase 4 of Nottingham's flagship £800 million Fairham development, which is being delivered by Clowes Developments in partnership with Homes England. Subject to planning, Lovell will deliver 199 new homes on the site. 

The business also started work on 132 mixed-tenure homes at Balderton Rise in Newark-on-Trent on behalf of Arkwood Developments, and secured planning approval for Phase 5 of the landmark Castleward regeneration scheme in Derby. Delivered in partnership with Compendium Living, the next phase will bring forward a further 167 homes as part of the wider 15 to 20-year masterplan to transform the city centre. 

Together, these projects highlight the strength of Lovell’s ability to deliver large-scale schemes that address housing demand and support the regeneration of communities across the East Midlands. 

Managing director of Lovell, Steve Coleby, said: “Lovell has continued to perform well in a challenging market, reflecting the resilience of our partnership model, the quality of our people and the strength of our relationships with local authorities and housing associations across the country. 

“While the private housing market remains affected by economic uncertainty, demand from our public sector partners remains strong. Our focus continues to be on delivering high-quality affordable homes, creating long-term value for communities and supporting our partners in responding to the significant need for housing. 

“With a growing secured order book and a substantial preferred bidder pipeline, we remain confident in the medium- and long-term fundamentals of the housing market and in our ability to support the government’s ambitions for social and affordable housing across the UK.” 

Lovell remains well positioned to build on this platform, using its partnership-led approach to deliver new homes, regeneration, refurbishment and community investment in the places where they are needed most. 

To view the Morgan Sindall Group plc half year results video, click here.