Lovell has announced it will merge five divisions into two, with three senior staff set to leave the firm as a result.
Morgan Sindall’s housing arm will merge its Eastern and East Anglia businesses into one, expanded eastern division. It will also merge its Midlands, South Wales and the South of England regions into one division, rather than the current two.
Lovell managing director Stewart Davenport said: “We regularly review our business operations to ensure that we remain well-positioned and able to deliver a cost-effective, efficient service to clients in a market which continues to be challenging.
“The changes ensure that we continue to be able to offer clients a full range of services – design and build, refurbishment, maintenance and repairs – and secure the long-term framework agreements and larger regeneration projects which are the focus for our business moving forward. Regretfully, these changes will affect some senior staff with three people leaving the business as a result.”
Mr Davenport said Lovell’s £1.4bn order book remained stable and pointed to its new contracts secured this year including its £50m repairs and maintenance contract with Accord Group in the Midlands and regeneration schemes in Derby and Southampton