Lovell Partnerships reinforces Morgan Sindall Group’s strong HY26 performance with resilient results and a strong housing pipeline
National partnership housing specialist Lovell Partnerships Ltd has welcomed its positive contribution to parent company Morgan Sindall Group’s strong half-year results for 2026, announced today (23 July 2026).
Morgan Sindall delivered another record half year result for the Group, achieving significant growth in adjusted profit before tax, up 21%. Its performance continues to reinforce the Group’s track record of delivering strong revenue and growth in profits leading to robust cash generation, enabling continued investment in our Partnership businesses while also supporting strong dividend growth.
The Group delivered another robust performance in the first half of 2026, with significant contributions from both the Fit Out and Construction divisions. Group revenue increased by 8% up to £2,562m, while adjusted operating profit increased by 21% to £111.5m. Adjusted operating margin was 4.4%, 50 basis points higher than the prior period.
Lovell delivered strong margins with operating profit remaining in line with the prior period at £13.2m, while its secured order book stood at £2.46bn. With a further £3.06bn of work at preferred bidder stage, the figures underline the strength, resilience and relevance of its partnership-led model across the UK housing market and provide strong visibility over future delivery.
Operating as both a contractor and developer, Lovell works in long-term partnership with local authorities and housing associations to deliver high-quality affordable and mixed-tenure homes.
This approach continues to provide a robust platform for delivery, particularly at a time when housing need remains acute and public sector demand for trusted delivery partners remains strong.
Despite challenging economic conditions, Lovell continued to invest in and develop its long-term partnerships with local authorities and housing associations, ensuring the business remains well placed to support the delivery of new affordable homes and sustainable communities.
Its high-quality secured order book was supported by ongoing successful client engagement and work secured through two-stage tenders, frameworks and direct negotiation.
Managing Director of Lovell, Steve Coleby, said: “Lovell has continued to perform well in a challenging market, reflecting the resilience of our partnership model, the quality of our people and the strength of our relationships with local authorities and housing associations across the country.
“While the private housing market remains affected by economic uncertainty, demand from our public sector partners remains strong. Our focus continues to be on delivering high-quality affordable homes, creating long-term value for communities and supporting our partners in responding to the significant need for housing.
“With a growing secured order book and a substantial preferred bidder pipeline, we remain confident in the medium- and long-term fundamentals of the housing market and in our ability to support the government’s ambitions for social and affordable housing across the UK.”
Recent project highlights include:
East Anglia - progressing two schemes that will deliver 150 new homes across Newmarket and West Row through Edmundham Developments, a joint venture with Suffolk County Council.
East Midlands - delivery of 132 mixed-tenure homes in Newark-on-Trent, on behalf of Arkwood Developments, a development company wholly owned by Newark and Sherwood District Council.
Eastern - working with Derbyshire County Council and Bolsover District Council on 217 much-needed homes. Work started in June with expected completion in 2030.
London - working through a joint venture with London Borough of Barnet to build 449 new homes with 50% affordable housing as part of the regeneration of Grahame Park North East. The project is currently progressing through RIBA Stage 3.
North East - appointed by Hellens Group and Homes England to deliver 261 homes within the first phase of Burtree Garden Village, Darlington, which is planned to deliver more than 2,000 new homes in 20 years.
North West - construction is continuing on Phase 2 of Phoenix Quarter, an intergenerational development in Pendleton comprising 485 homes including 30% affordable. The scheme is being delivered through a joint venture with Together Housing, partnering with Salford Council.
Scotland - construction is continuing in Winchburgh, comprising 176 new homes of which 69 will be social housing for Wheatley Homes East. The development is part of a coordinated effort with Wheatley Homes East and West Lothian Council, supported by Scottish Government funding.
South Wales & West - commencing work on Durleigh View in partnership with Notaro New Homes, consisting of 105 new homes, with 32 affordable housing.
South West - working in joint venture with Westco Properties Ltd on an 820-home mixed tenure development on the edge of Barnstaple, with 40% affordable housing.
Southern - continuing to build on the successful Kinsted joint venture with West Sussex County Council, delivering its third project of 101 mixed tenure homes at Littlehampton, including 50% for local housing association Vivid.
West Midlands - entering into formal partnership with Birmingham City Council to lead the £1 billion regeneration of Druid’s Heath, which will deliver approximately 3,500 new homes over the next 20 years, including 1,785 affordable homes.
Renew Central – delivery of the Warm Homes: Social Housing Fund programme in Northamptonshire in partnership with Amplius, retrofitting more than 2,000 homes.
Renew North - delivering £1.7m roofing replacement and asset improvement programme with Vico Homes, upgrading occupied homes across Wakefield, West Yorkshire.
Lovell remains well positioned to build on this platform, using its partnership-led approach to deliver new homes, regeneration, refurbishment and community investment in the places where they are needed most.
To view the Morgan Sindall Group plc half year results video,
Photo captions:
1. Managing Director of Lovell, Steve Coleby