Morgan Sindall upgrades forecast for next 12 months

Overbury fit-out arm gets off to a flying start in 2025  

Morgan Sindall has upgraded its profit forecast for the year ahead just a month after posting strong results for last year.

In an unscheduled trading update, the firm said its Overbury fit-out firm enjoyed a flying start to the new financial year and was ontarck to yet again drive growth in profits ahead of expectations.

The firm is benefitting from a surge in London office upgrade work as developers compete to attract big-name tenants with energy efficient rrevamps of their office space.

Its trading statement said: “Since the Group announced full year results on 26 February 2025, the fit out division has experienced an acceleration in its trading momentum and is now expected to exceed both the group’s previous expectations and the top-end of its revised medium term targets of £60-£85m.

“Elsewhere, all other divisions are broadly on track to perform in line with the group’s previous guidance and expectations.”

Morgan Sindall said it now anticipates that its full-year results for 2025 will be slightly ahead of market consensus set at an adjusted pre-tax profit around £178m.

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