Housing specialist reports record set of results

Housing specialist Lovell has reported a record set of results, contributing to its parent company’s growth in profits.

Morgan Sindall Group generated pre-tax profits of £231.8 million in 2025, surging from £171.9 million, while revenues topped £5 billion.

Lovell’s revenues increased by five per cent to £903 million, up on £861 million in 2024, while operating profits rose 16% to £42 million.

The company ended the year with a secured order book of £2.33 billion, an increase of seven per cent from 2024, with 60% of work extending into 2026 and beyond, providing clear visibility over future delivery.

Lovell is a key player in the £100 million Castleward regeneration project in Derby.

It is part of a partnership, which includes Derby City Council, regeneration specialists Compendium Living and Homes England.

Towards the end of last year, plans were submitted for the fifth and final phase of Castleward, which would see 167 new homes built around Canal Street and New Street, with 30% being listed as affordable homes.

In total, the scheme will provide around 700 new homes, as well as green space and nearly 35,000 sq ft of commercial retail space.

Managing director Steve Coleby said: “We’ve delivered record results in a year where the housing market has remained under pressure, which reflects the strength of our long-term partnerships and the exceptional efforts from our employees.

“What’s stood out this year is the consistency of demand from our public sector partners.

“That stability, combined with the scale of our long-term regeneration projects, has enabled us to grow and maintain a strong forward pipeline.

“With housing need remaining acute across the UK, our long-term partnerships are enabling us to continue delivering high-quality, affordable homes at scale.”