Repairs and maintenance specialist Morgan Sindall Property Services (MSPS) has contributed to half-year results released today (4 August) by parent company Morgan Sindall Group plc.
Construction and regeneration provider Morgan Sindall Group’s statement says it has delivered a record set of results for the first half of 2021, showing trading “substantially ahead of ‘pre-pandemic’ 2019 levels”.
Compared with 2019, revenue rose by 10 per cent to £1,559 million (HY 2019: £1,421 million) with adjusted operating profit of £54.8 million (HY 2019: £37.5 million), up 46 per cent. The group’s balance sheet has also been strengthened, with net cash of £337 million and average daily net cash for the half-year of £294 million. The group says it is well-positioned for continued future growth, with three profit upgrades in the first half of the year and “a high-quality order book with a secured workload of £8.3 billion”.
Alan Hayward, managing director of MSPS, said: “The first half of 2021 continued to be challenging, but I am proud of how we have collectively responded with our frontline team following safe working practices to protect and deliver services to our residents.
“We continued with our social value commitments, creating over £1.8 million in social value through community programmes which are needed now more than ever. Our social value team adapted within the circumstances to reach some of the most excluded groups in our society, especially those disproportionately impacted by the pandemic. Engagement activity included energy cafés, supporting those affected by fuel poverty as a result of Covid, virtual work experience for students, mentoring sessions and over £27,000 in charitable donations.”
In July, MSPS was recognised by Domestic Abuse Housing Alliance (DAHA) for its commitment to tackling domestic abuse with a formal accreditation. DAHA and MSPS worked in collaboration to create a contractor’s accreditation, building a framework of commitments to support the early identification of residents who might be living with domestic abuse.
And MSPS announced on Monday (August 2) that it has taken the next step in its commitment to using electric vehicles with the official roll-out of its first electric vans across the UK. The 13 new vans will join the eight electric cars already in its fleet, following its commitment to switch all cars and vans to electric by 2023. The company chose Vauxhall Vivaro E range and Peugeot E-experts, which operate with a range of up to 205 miles, which will get the teams across London, Hertfordshire, Essex and the North, where the company primarily operates.
MSPS is also investing in the UK’s EV charging infrastructure and will be installing charging points at employees’ homes. Charging points are already installed at three MSPS offices in London.
Alistair Gears, MSPS fleet adviser, said: “Electric vans, particularly where they can be charged with electricity from renewable sources, form a powerful step towards more sustainable city distribution. We are confident this new addition to MSPS’s fleet will lower our carbon footprint.”