MORRIS & Spottiswood has announced its 2025 financial results, which show a continued period of record growth with group turnover increasing by 125% in the last three years.
In 2025, the group achieved a 34% increase in turnover, rising from £172.5 million to £230.98 million. Pre-tax profit was £6.92 million – a 46% rise on the previous 12 months.
Over the past five years, the Morris & Spottiswood Group revealed it 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 across the entire building lifecycle.
The business attributes the foundation of the success to the expansion of framework clients.
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 overall group performance, along with the development of a critical environment division, and the embedding of FFE division Inspire Spaces.
The group’s EBITDA grew to £9.5 million, compared to £7.1 million in 2024. Meanwhile, the net cash position rose from £21.8 million to £23 million, while external debt has been reduced to £900,000.
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.”
