Construction group Morgan Sindall reported record performance for the sixth consecutive year with turnover up 26% at £655m and pre-tax profits of £16m ahead16%. Chairman John Morgan believes this year can be even better as the group has an order book of £406m, an improvement of 49% on last year.

The man who led the restructuring of Morgan Sindall, manging director Andy Stoddart is to resign due to ill health. Whereas previously all 'brands' reported to the centre, the group has now created three Divisional boards "moving more of the decision-making closer to the operational front."

The Fit Out Division, which includes Overbury and Morgan Lovell, contributed 35% of group turnover and made an operating profit of £8.7m. John Morgan said: "Changes in procurement patterns such as partnering, framework agreements and ongoing maintenance support have demanded greater flexibility and closer co-operation between our Fit Out brands. The new divisional structure will assist in ensuring that we offer the best service to our clients irrespective of historic brand boundaries."

www.morgansindall.co.uk

Richard Byatt