Overbury puts in a very resilient performance to Parent Group Results

As part of the Fit Out division, national fit out and refurbishment specialist Overbury is proud to have continued to contribute to the success of Morgan Sindall Group's 2020 full year results for the year ended 31 December 2020 released today (25 February 2021).

Morgan Sindall Group demonstrated resilience in the face of the COVID pandemic, delivering an adjusted operating profit of £68.5m (FY 2019: £93.1m) on revenue of £3.0bn (FY 2019: £3.1bn). The Group reported a secured order book of £8.3bn, up 9% year-on-year. With a strengthened balance sheet and net cash of £333m (FY 2019: £193m), the Group has ended 2020 with real momentum. It now expects profit to be materially ahead of its previous expectations and slightly ahead of that delivered in 2019.

“Our commitment to delivering exceptional service and high quality fit outs in COVID-safe environments has been a driving force for the business during these unprecedented times. We’re enormously grateful and thankful to everyone at Overbury, because they have worked tirelessly through this challenging year to serve our clients, support each other and maintain our reputation. We’re proud of the part we’ve played in contributing to our parent company’s results during this challenging year,” says Chris Booth, managing director of Overbury.

Key projects in 2020 for Overbury include:

• The fit out of 123,000 sq ft of office space for the Boston Consulting Group (BCG) in London.
• BT’s new 284,000 sq ft office at Three Snowhill in Birmingham which represents the largest letting ever in a single building in the city.
• A 45 week project for St Martins Property Investment Ltd at Hays Galleria, London
• Multiple projects under The Mayor’s Office for Policing and Crime (MOPAC) framework totalling £40.7m (a further £60m of MOPAC projects have been secured for 2021).
• A 170,000 sq ft Category A fit out for landlord Lexo Ltd in Peterborough.
• A teaching, hospitality and administrative space for the University of Chicago Booth School of Business at St Bartholomew’s Square, London.
• Teaching and lecture facilities at King’s College London’s Macadam building.

Other notable projects that remained on track for completion in 2021 include:

• A ‘Category A’ completion of the 274,000 sq ft HMRC Government Hub at the landmark India Building in Liverpool.
• The 75,000 sq ft headquarters of the Royal College of Physicians at the Paddington Village development in Liverpool, where Fit Out is working in collaboration with sister division, Construction & Infrastructure.