Lovell reports record results as order book ticks past £2.3bn

Consistent public sector demand has driven record results for housing developer Lovell, according to the firm’s managing director.

The company, which specialises in public-sector partnerships, has reported a record set of results for 2025, contributing to parent company Morgan Sindall Group plc’s full-year results announcement to the London Stock Exchange this morning.

Revenues at the firm rose by 5% to £903m, with operating profit up 16%, and the company’s secured order book increasing to £2.33bn – up 7% year-on-year.

Meanwhile revenues at the wider Morgan Sindall Group increased by 10% to over £5bn, while adjusted operating profit rose 39% to £232.6m.

In September last year, Lovell was awarded the development contract for the 3,500-home regeneration of Druids Heath in Birmingham, with the firm also currently developing around 500 affordable homes in Telford and Newark.

Managing Director, Steve Coleby, said performance during the year was driven by continued demand across construction and planned maintenance, which helped offset slower activity in mixed tenure developments as open market sales remained subdued.

“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,” he said.

“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.”