Midlands partnerships developer and land specialist Morro Partnerships has revealed that its focus on affordable housing and regeneration helped to drive a 26% year-on-year increase in turnover to £99.5 million, in its latest financial results.
The company has doubled in size over the past three years, largely driven by the successful launch and scale-up of its East Midlands operations, which generated £39 million in its first full year since opening in 2022.
The business has a secure pipeline of 3,000 homes throughout the East and West Midlands, as it helps to address the regional housing crisis.
Matt Moore, CEO at Morro Partnerships, says: “At Morro, we continue to align our services and business with government housing targets and the acute need for more affordable homes, making us a key contributor to addressing the national demand.
“We remain the market leading developer with registered providers and local authority partners, growing and expanding new relationships by more than 30% this year. Our land and partnerships team continues to work collaboratively with stakeholders to identify and deliver opportunities for major regeneration projects.
“Our core value of being ‘better tomorrow makers’ is our driving force – and is what we can attribute our continued strategic growth to.”
Morro’s delivery pipeline is underpinned by landmark schemes in both affordable and mixed-tenure housing. These include the award-winning Royal Quarter in Wolverhampton, a four-phase regeneration delivering nearly 400 new homes, including Nightingale House, which provides 38 bespoke apartments for residents aged over 55 within a sympathetically restored Grade II listed former hospital.
Investment in resources
To support the expansion of its project portfolio has invested heavily in resources including new technology teams and digital systems to enhance efficiency and collaboration, a 30% growth in the team over the past year and achieving Investor in People Gold status. Moore adds: “Making investments into our office hubs, leadership, team and tools has been essential to ensuring our growth is resilient and sustainable.”
