Record results at housebuilder Lovell - contributing to growth of Morgan Sindall Group

Housing specialist Lovell has reported a record set of results, contributing to parent company Morgan Sindall Group's growth in profits to more than £200m. 

Morgan Sindall Group generated pre-tax profits of £231.8m in 2025, surging from £171.9m, while revenues topped £5bn. 

Lovell's revenues increased by 5 per cent to £903m (2024: £861m), while operating profits rose 16 per cent to £42m (2024: £36.1m).

The company ended the year with a secured order book of £2.33bn, an increase of 7 per cent from 2024, with 60 per cent of work extending into 2026 and beyond, providing clear visibility over future delivery.

Managing director Steve Coleby said: "We've delivered record results in a year where the housing market has remained under pressure, which reflects the strength of our long-term partnerships and the exceptional efforts from our employees.

"What's stood out this year is the consistency of demand from our public sector partners. That stability, combined with the scale of our long-term regeneration projects, has enabled us to grow and maintain a strong forward pipeline.

"With housing need remaining acute across the UK, our long-term partnerships are enabling us to continue delivering high-quality, affordable homes at scale."

Last year, the firm completed more than 5,000 new homes, with 85 per cent of these affordable.