Morrison Facilities Services
 | |
| Company type | Subsidiary |
|---|---|
| Founded | 2006 |
| Defunct | 2012 |
| Headquarters | Stevenage |
| Website | www.mearsgroup.co.uk |
Morrison Facilities Services was a United Kingdom based company that specialised in providing facilities services to private businesses and central and local government bodies.
The core area of the business was repair and maintenance of social housing. It was a subsidiary of Anglian Water Group until acquired and (later) merged by Mears Group in 2012.[1][2]
History[edit]
Morrison Construction was founded by the Morrison family in 1948 in Tain, Scotland.[3] In the 1980s, 80% of the company was sold to Charter Consolidated, with the Morrison family in August 1995 retaining 20% of the ownership.[4] In 1989, the Morrison family repurchased the 80% of the business sold to Charter Consolidated earlier that decade, and also acquired the businesses of Biggs Wall and Shand Construction.
Morrison Construction plc was listed on the London Stock Exchange in 1994. In September 2000, the company was purchased by AWG Plc and subsequently delisted.[5]
The construction division of the business was sold in March 2006 to Galliford Try.[6] The remainder of the business was split into two divisions, Morrison Facilities Services and Morrison Utility Services. In March 2008, AWG sold the Utility Services division to two private equity firms, Cognetas and Englefield Capital for £235 million.[7]
The company launched a business partnership in September 2006 with Manchester City Council, which lasted for ten years.[8] The contract was extended for £20 million July 2010 for an additional two years and eight months.[9]
AWG sold Morrison Facilities Services in November 2012 to Mears Group for £24 million. In the year ending 31 March 2012, Morrison reported turnover of nearly £291 million and an operating loss of £7 million.[10]
References[edit]
- ^ "MEARS GROUP BUYS MAINTENANCE BUSINESS". insidermedia.com. 8 November 2012. Retrieved 25 July 2022.
- ^ "Mears aquires Morrison". mearsgroup.co.uk. 8 November 2012. Retrieved 25 July 2022.
- ^ "Morrison Construction Company Profile". linkedin.com. 21 July 2009. Retrieved 23 July 2022.
- ^ "Morrison float to bolster builders". independent.co.uk. 29 August 1995. Retrieved 23 July 2022.
- ^ "AWG sues Morrison Chiefs over 'misrepresentation'". theguardian.com. 5 February 2003. Retrieved 23 July 2022.
- ^ "AWG sells building arm to Galliford". telegraph.co.uk. 2 March 2006. Retrieved 23 July 2022.
- ^ "AWG sells Morrison utilities services division". theherald.co.uk. 8 March 2008. Archived from the original on 12 February 2009. Retrieved 23 July 2022.
- ^ "Partnership launched". manchestereveningnews.co.uk. 8 September 2006. Retrieved 10 June 2024.
- ^ "Morrison gets £20m contract extension". constructionnews.co.uk. 28 July 2010. Retrieved 10 June 2024.
- ^ "Mears buys Morrison Facilities Services". Facilitate Magazine. 8 November 2012. Retrieved 3 January 2020.
