Na#onal partnership housing specialist, Lovell, has reported a record set of results for 2025,
contribu#ng to parent company Morgan Sindall Group plc’s full-year results announcement to the
London Stock Exchange this morning.
With strong and robust earnings growth, the Group delivered a strong performance in 2025, with
Group revenue increasing by 10% to over £5bn, while adjusted Operating Profit increased by 39% to
£232.6m.
Lovell delivers multi-tenure communities and provides innovative residential construction,
regeneration, and retrofit solutions across England, Scotland, and Wales.
Against the backdrop of continued housing supply pressures across the UK and a constrained sales
market, its partnership-led model is helping local authorities and housing associations accelerate the
delivery of much-needed affordable and mixed tenure homes.
Revenue increased by 5% to £903m (2024: £861m), while operating profit rose 16% to £42m (2024:
£36.1m).
The company ended the year with a secured order book of £2.33bn, an increase of 7% from 2024,
with 60% of work extending into 2026 and beyond, providing clear visibility over future delivery.
In Scotland, construction is underway in Winchburgh, comprising of 176 new homes of which
69 are social housing for Wheatley Homes East. The development is part of a coordinated
effort between Lovell, Wheatley Homes East and West Lothian Council, supported by
Scottish Government funding.
Tony Rankin, Regional Managing Director for Scotland, said: “These results demonstrate the resilience of our partnership-led approach. Scotland’s housing need remains significant and delivering the homes that are required demands pace and scale.
“By working closely with local authorities and housing associations, including Wheatley Homes East, Melville Housing Association and Sanctuary Scotland, we are building mixed-tenure developments, helping to tackle the housing emergency and meet Scottish Government targets.”
“Our strong track record, combined with the financial backing of the Morgan Sindall Group, positions us to confidently pursue our ambitious growth targets.”
