Morrisoe Doubles Profit | C-Link

2 July 2016

Morrisoe Doubles Profit

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Morrisoe, which is one of the leading Construction groups in the UK, specialising in groundworks and reinforced concrete frame construction, has delivered more positive news to the industry with the announcement that it has almost doubled profits based on the improving performance of the commercial property sector in London. In the wake of news that London has seen a 30% increase in overall Construction orders, this profit improvement, which amounts to a 91.4% increase in pre-tax profits for the year up to the end of October 2015, as compared to the previous year, has seen this arm of the company improve its margins by £4.6 million to £9.5 million.The company claims that a recent boom in demand for commercial office development and strong orders within the capital, which are backed by the previously mentioned Office of National Statistics figures for London, have both contributed to the growth.

The group was quick to reinforce that it still faces some challenges, as its Carpentry and Installation arms have experienced a shortfall that may be concerning, with turnover dropping to £23.3 million from £32.2 million in the previous year.

However, the overall forecast for the group is still very much positive, as they believe an overall turnover of £170 million is possible during the course of the next financial year, based on analysis of the group’s order book.

It is success stories such as this that we at C-Link aim to support with our revolutionary new platform, which makes it easier than ever to connect Specialists, such as Morrisoe, with Construction Professionals who wish to procure their services on any given project. It also acts as positive reinforcement for Construction as an industry, especially amidst some recent figures that claim that the sector is failing to grow as quickly as expected.

If you are interested in increasing your own order book, winning new projects and meeting new clients, join or expanding network of Specialists by visiting www.c-link.com to find out how the C-Link platform can help you to enjoy increased revenues.

C-Link – Supporting Growth in Construction

Paul Heming

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