Morris & Spottiswood has delivered another strong financial performance in 2025, continuing a period of record growth for the Group, which has seen turnover increase by 125% in the last three years.

In 2025, the Group achieved a 34% increase in turnover, rising from £172.5 million in 2024 to £230.98 million; producing a profit before taxation of £6.92 million, a 46% increase on the previous financial year.

Over the past five years, the Morris & Spottiswood Group has focused on a strategy of diversification into new sectors, services and geographies, to provide clients with a national end-to-end service. This has been achieved through the alignment of seven specialisms that provide solutions across the entire building lifecycle.

The foundation of the success has been the expansion of framework clients – with growth in the financial services sector, new customers in the food retail sector and expansion in the public sector. It is these repeat-business clients who are spearheading the adoption of the company’s UK wide, integrated offer.

With a shift towards renewables and increasing concerns around energy security, the group’s M&E business Livingston’s investment in solar and HV capabilities also contributed to the group’s performance, along with the development of a critical environment division, and the embedding of Inspire Spaces - an FFE division launched at the end of 2024.

A strong balance sheet demonstrates an increase in net assets and shareholders’ equity, with external debt also reduced, highlighting the group’s financial stability. The Group’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) grew to £9.5 million, compared to £7.1 million in 2024. Meanwhile, it further strengthened its liquidity, increasing net cash position from £21.8 million to £23 million, while reducing external debt to a low position of just £0.9 million.

Jon Dunwell, Executive Chairman of the Morris & Spottiswood Group, said: “We are increasingly seeing our repeat customer base buying into our end-to-end service offering and this is underpinning our improved results. While we can - and still do - deliver traditional contracting, many of our progressive clients are benefiting from buying into our integrated offer. This is proving to offer a low-friction, high-value experience that benefits all stakeholders.

“Looking ahead, we will further develop our end-to-end-service offering for the benefit of existing and new clients, making this the core of our differentiated brand. Our consistently strong results place us in the ideal position to achieve our aims.”

For more information on the Morris & Spottiswood Group, visit: https://www.morrisandspottiswoodgroup.co.uk/