Overbury makes an outstanding contribution to Morgan Sindall Group plc full year results

Overbury’s performance in 2021 has been strong. The focus on delivering high quality projects with a superior customer experience has cemented its position as a leading fit out provider for occupiers and landlords in the commercial office, education, life sciences and public sector markets.

John Morgan, Chief Executive, Morgan Sindall Group states, "2021 has been an excellent year for the Group, with a record set of results. Group revenue rose 6% from 2020, delivering an adjusted operating profit of £131.3m (FY 2020: £68.5m) on revenue of £3.2bn (FY 2020: £3.0bn). The Group reported a secured order book of £8.6bn, up 4% on the year end. With a strong balance sheet and net cash of £358m (FY 2020: £333m), the Group is confident of achieving another good year of progress in 2022."

Chris Booth, Managing Director, Overbury comments, “At Overbury, our focus on delivering high quality fit out projects, alongside exceptional customer service has put us front and centre with the UK’s leading businesses looking to adapt their offices for a new era. 2021 demanded a lot from our teams and they more than rose to challenge. We’re enormously grateful and thankful for their unwavering hard work."

Significant projects won or started on site in 2021 include:

• The office fit out of 366,000 sq ft at Five Bank Street in Canary Wharf
• BP’s new 200,000 sq ft space in the North Colonnade building in Canary Wharf
• The fit out of 30,000 sq ft in The Leadenhall Building for landlord Quadrature Capital
• The delivery of the BBC’s 56,000 sq ft Bristol office

Notable project completions include:

• The 186,457 sq ft fit out for BT at 3 Snowhill in Birmingham, with the subsequent appointment to deliver BT’s 200,000 sq ft office in Bristol
• The 90,000 sq ft CAT A fit out in Coventry for landlord IM Properties
• The fit out of 93,000 sq ft offices, sales and support facilities for Mathworks in Cambridge

The public sector portfolio continues to expand with:

• The 12,000 sq ft refurbishment of the North West Regional Control Centre for National Highways (formerly Highways England)
• The continued framework for The Mayor’s Office for Policing and Crime (MOPAC) including multiple projects secured totalling £38.4m, with an additional £40.7m secured for 2022 and beyond