British construction company Morgan Sindall has revealed it has won a series of major infrastructure contracts worth around £750m
Morgan Sindall has put £750m on its books after securing three major contracts. This includes an extension of its Sellafield site agreement and a contract with Heathrow Airport.
The Brexit Effect
Like a number of other construction companies, Morgan Sindall said it had not seen any impact to its business following the UK’s vote to leave the European Union. In fact, the firm reported it had seen strong growth since July, particularly in relation to its orders for rail and urban regeneration projects, as well as its shop-fitting work.
While Morgan Sindall has seen a positive impact following the referendum vote, this has not been the case for some construction firms. A number of companies have reported a slowdown or have been forced to sell assets as a result of the vote. Plant hire firm Hewden Group blamed Brexit directly for the events that led to the firm entering administration last month. However, in September some two-thirds of SME housebuilders said they had seen no issues due to Brexit.