MPS financial results

Mar 10 2010 by Kenneth Speirs, Paisley Daily Express

PAISLEY-based design and project management consultancy Morgan Professional Services (MPS) has contributed to a “robust” set of preliminary financial results for 2009.

Against a backdrop of challenging trading conditions parent company Morgan Sindall delivered a good performance in 2009.

Profit before tax was £51.5 million on revenue of £2,214 million, according to the company.

Adjusted earnings per share was 93.9p, with no change to the total dividend which remains at 42.0p.

The Group’s forward order book currently stands at £3.2 billion, and it starts 2010 with a £0.9 billion pipeline of projects at preferred bidder stage.

It had no work at preferred bidder stage this time last year.

Key MPS projects in Scotland include the design of the £20.3 million third and final phase of a major redevelopment project for Perth Prison with MPS, which is based near Glasgow Airport, delivering the architectural, civil and structural engineering design.

MPS has also recently been selected by the University of Glasgow to undertake the civil and structural engineering design for a £3million project to create new research facilities.

Through this project, MPS will provide engineering services for the conversion of an existing, Grade B-listed lecture theatre at the West Medical Building in Glasgow’s West End into research laboratories.

The consultancy is also working on a number of projects as part of South Lanarkshire Council’s schools modernisation programme.

MPS has completed the architectural design of St Mary’s Primary School in Hamilton and has also been appointed to design St Mary’s Primary School in Lanark. MPS will also deliver the mechanical and electrical engineering design for Milton Primary School in Lesmahagow.

“The business has extremely strong relationships with its clients due to our ability to offer world-class engineering and design services to the science and technology, energy and waste, transport and public sectors,” said MPS managing director John Jenkins.