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Repairs and maintenance specialist Morgan Sindall Property Services (MSPS) has contributed to Morgan Sindall Group’s strong performance for the year end of 2021.
In figures released by the construction and regeneration group, 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 £131.3 million (FY 2020: £68.5 million) on revenue of £3.2 billion (FY 2020: £3.0 billion). The Group reported a secured order book of £8.6 billion, up 4% on the year end. With a strong balance sheet and net cash of £358 million (FY 2020: £333 million), the Group is “confident” of achieving another good year of progress in 2022.
Alan Hayward, Morgan Sindall Property Services Managing Director, said: “2021 has been another challenging year with lots of uncertainty, but we have remained agile in our approach to delivering services to our clients and customers and supporting our colleagues.
“Our half year results reflect the continued hard work and commitment of the team, with revenue up 20% to £134 million (FY 2020: £112 million) with an order book of £945 million.
“As a priority, we have continued to invest in technology and innovation with the launch of goldeni our technology platform. This innovation allows us to take a more proactive approach to repairs, by flagging potential issues in real-time, helping us spot potential indicators of vulnerability such as fuel poverty and support our colleagues in Group to achieve our net zero goal.”
Client growth
At the end of last year, MSPS secured a 10-year deal with housing Association Moat to deliver property repairs and maintenance services. The contract worth over £200 million will commence in April 2022.
Creating healthier homes through data insight
In November, MSPS became the first property maintenance provider to develop an in-house platform that can consolidate and interpret information from a number of commercially available ‘Internet of Things’ sensors in real-time. Goldeni uses machine learning to provide social housing landlords and tenants with real-time, actionable insights to help them ensure their properties are healthy, legally compliant and more energy efficient.
Contributing to its communities
The MSPS social value team has delivered resident and estate days, digital inclusion sessions and biodiversity projects to create more resilient communities. The use of data insight has enabled MSPS to identify residents at risk and those that are vulnerable, providing them with the support they need.
Continuing its pledge to tacking domestic abuse, MSPS signed up to the Employers Domestic Abuse Covenant taking pledge to support women affected by abuse to enter or re-enter the workplace
Committed to building a diverse workforce
Fostering the talent of the future, MSPS welcomed 20 new starters to complete a six-month placement as part of Kickstart, a government funded scheme which aims to support 16–24-year-olds, who are currently claiming Universal Credit, to find their feet in the working world.
MSPS also showed commitment to breaking down the barriers which prevent women from pursuing roles in the industry by joining the Women’s Trade Network, an initiative founded to increase the representation of women in trade roles. MSPS will work in partnership with the network to raise awareness of the variety of roles available to women and provide training opportunities to encourage greater gender diversity across the industry.
FMJ in conjunction with Grundon Waste Management have launched the 2022 survey into how FMs approach their waste management and recycling responsibilities.
It’s the fifth year for the annual appraisal, and as we return to normal, there is a real opportunity for FMs to reappraise their waste and recycling operations and look at new, smarter waste management strategies.
In order to understand how FMs have navigated their way through the last year and their plans for meeting stringent waste and recycling targets we’ve posed a series of questions which include insights into FMs’ waste management strategy and targets, such as zero waste and landfill, the types of waste organisations produce and what helps FMs promote waste management in their organisations?
Please share your experiences and opinions on waste management. The survey will take just five minutes to complete, and as a thank you for taking part, respondents will be entered into a prize draw to win a £150 Amazon gift card.
To take part click here.
