LOVELL has reported a record set of financial results for 2025, contributing to parent company Morgan Sindall Group’s revenue increasing by 10% to over £5 billion, with adjusted operating profit rising 39% to £232.6 million.
Lovell delivers multi-tenure communities and provides residential construction, regeneration, and retrofit solutions across England, Scotland, and Wales.
Against the backdrop of housing supply pressures across the UK and a constrained sales market, Lovell said its partnership-led model is helping local authorities and housing associations accelerate the delivery of affordable and mixed-tenure homes.
Lovell revenue increased by 5% to £903 million, while operating profit rose 16% to £42 million.
In Scotland, construction is underway in Winchburgh, comprising of 176 new homes of which 69 are social housing for Wheatley Homes East. The development is part of a coordinated effort between Lovell, Wheatley Homes East, and West Lothian Council, supported by Scottish Government funding.
Tony Rankin, regional MD for Scotland, said, “These results demonstrate the resilience of our partnership-led approach. Scotland’s housing need remains significant and delivering the homes that are required demands pace and scale.
“By working closely with local authorities and housing associations, including Wheatley Homes East, Melville Housing Association and Sanctuary Scotland, we are building mixed-tenure developments, helping to tackle the housing emergency and meet Scottish Government targets.
“Our strong track record, combined with the financial backing of the Morgan Sindall Group, positions us to confidently pursue our ambitious growth targets.”
