Morrison Construction

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Morrison Construction
Company type
Subsidiary
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HeadquartersEdinburgh, Scotland
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Number of employees
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ParentGalliford Try
Websitewww.morrisonconstruction.co.uk

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Morrison Construction is a large Scottish based construction business, which was acquired by Galliford Try in 2006.

History

Morrison Construction was founded by Alex Morrison in Tain, Scotland in 1948.[1] Although ownership of the company would pass through several hands during the 20th and 21st centuries, the Morrison family maintained a presence at the business for over 50 years. During 1974, an 80 percent stake, and thus control of the firm, was sold to Consolidated African Selection Trust.[2][3]

During 1989, brothers Fraser and Gordon Morrison undertook a management buy-out of the firm, acquiring Morrison Construction from Charter Consolidated along with the businesses of Biggs Wall and Shand Construction in the process.[4][2] One of this first moves was to return the group's headquarters to Edinburgh. Despite the hardships encountered by most of the British construction sector throughout the early 1990s recession, Morrison Construction reported strong growth during this period as well as being a profitable going concern.[2][5][6]

In September 1995, Morrison Construction plc was floated on the London Stock Exchange, during which it was valued at almost £77 million while Fraser and Gordon Morrison each retained a 27.3 per cent shareholding.[7][8] By this point, the firm was steadily shifting away from traditional competitive tender work in favour of other business avenues, including building and property development, civil engineering, utility and energy, housebuilding, and private finance initiative schemes.[2][9][10]

In September 2000, the company was purchased by Anglian Water Group Plc in exchange for £235 million; its new parent company stated that the move would permit it to provide an all-round service of designing, constructing and managing facilities.[3][11] However, over the following three years, a series of write-downs on the firm's value were enacted. During February 2003, Anglia Water Group launched legal action against Morrison's former chairman, Sir Fraser Morrison, along with other senior figures, alleging that they had misrepresented the firm's fiscal performance to an extent that amounted to fraud.[12][13] This action cumulated in a confidential out of court settlement.[14][15]

During early 2006, the business was split into three divisions, Morrison Construction, Morrison Facilities Services and Morrison Utility Services; the latter two businesses were retained for a time by Anglian Water Group, while the construction division was acquired by the rival construction firm Galliford Try for £42 million.[16][17] Two years later, Morrison Utility Services was divested by Anglian Water Group, the management of which were seeking a return to being a pure utility company.[14] Finally, in 2012, rival contractor Mears Group purchased Morrison Facilities Services from Anglian Water Group for £24 million.[18][19]

Throughout the early 2010s, Galliford Try backed Morrison Construction's plans to expand its central Scotland building business.[20] Various types of civil works were undertaken by the firm during this period; such projects included windfarms, schools, and flood defences.[21][22][23]

Major projects

Major projects included the Kylesku Bridge, completed in 1982,[24] the Dornoch Firth Bridge, completed in 1991,[25] the Landshut Bridge, completed in 2014,[26] Nucleus, the Nuclear and Caithness Archives, completed in 2017,[27] and the Queensferry Crossing, completed in 2017.[28]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Tain construction worker celebrates 55 years of service working as a joiner for Morrison Construction". The Northern Times. 11 August 2022. Retrieved 30 January 2025.
  2. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Construction group places shares with institutions". Herald and Times. 29 August 1995.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content.Clark, Andrew (25 August 2000). "Anglian Water pays £262m for Morrison". The Guardian.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Alexander Shand (Holdings)". Grace's Guide. Retrieved 30 January 2025.
  5. ^ Page Module:Citation/CS1/styles.css has no content."21Jun91 UK: MORRISON CONSTRUCTION GROUP'S PRETAX PROFITS FOR YEAR TO MARCH 1991 RISE 20% TO £5.7 MILLION". constructionnews.co.uk. 20 June 1991.
  6. ^ Page Module:Citation/CS1/styles.css has no content."16Dec93 UK: MORRISON AT £1.1M – MORRISON CONSTRUCTION PROFITS". constructionnews.co.uk. 16 December 1993.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Stevenson, Tom (29 August 1995). "Morrison float to bolster builders". independent.co.uk. Retrieved 23 July 2022.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Shepherd, John (27 September 1995). "Morrison heads for pounds 77m market debut". independent.co.uk.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Fishlock, Bill (27 June 1996). "Morrison thrives on non-traditional work". constructionnews.co.uk.
  10. ^ Page Module:Citation/CS1/styles.css has no content."29Mar91 UK: APPOINTMENTS AT MORRISON CONSTRUCTION GROUP". constructionnews.co.uk. 28 March 1991.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Anglian Water Buys Margin Growth with Morrison". wwdmag.com. 28 December 2000.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Fraud allegations over Morrison deal". BBC News. 4 February 2003.
  13. ^ Page Module:Citation/CS1/styles.css has no content."AWG sues Morrison Chiefs over 'misrepresentation'". theguardian.com. 5 February 2003. Retrieved 23 July 2022.
  14. ^ a b Page Module:Citation/CS1/styles.css has no content."AWG sells Morrison utility services division". Herald and Times. 8 March 2008.
  15. ^ Page Module:Citation/CS1/styles.css has no content."AWG settles Morrison construction row". irishexaminer.com. 6 February 2006.
  16. ^ Page Module:Citation/CS1/styles.css has no content."AWG sells building arm to Galliford". telegraph.co.uk. 2 March 2006. Retrieved 23 July 2022.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Galliford Try snaps up Morrison". investorschronicle.co.uk. 10 March 2006.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Duxbury, Nick (8 November 2012). "Contractor buys troubled rival for £24 million". insidehousing.co.uk.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Morrison buy out is 'biggest move' in Mears' history". Inside Housing. 8 November 2012. Retrieved 30 January 2025.
  20. ^ Page Module:Citation/CS1/styles.css has no content."Morrison Construction plans expansion". theconstructionindex.co.uk. 20 March 2013.
  21. ^ Page Module:Citation/CS1/styles.css has no content.Lane, Michael (18 February 2010). "Morrison Construction wins £6.7m of civils work". constructionnews.co.uk.
  22. ^ Page Module:Citation/CS1/styles.css has no content.Fitzpatrick, Tom (3 September 2012). "Morrison Construction seals £28m flood defence deal". constructionnews.co.uk.
  23. ^ Page Module:Citation/CS1/styles.css has no content.Pitcher, Greg (6 January 2011). "Morrison Construction scoops £57m Orkney Islands schools deal". constructionnews.co.uk.
  24. ^ Page Module:Citation/CS1/styles.css has no content.Stears, H.S. (January 1985). "The Kylesku Bridge - Design and Construction". The Journal of the Institution of Highways and Transportation & HTTA. 32 (1): 16–20.
  25. ^ Page Module:Citation/CS1/styles.css has no content."The Dornoch Firth Bridge". Ross and Cromarty Heritage. Retrieved 19 January 2025.
  26. ^ Page Module:Citation/CS1/styles.css has no content."A bridge to the future" (PDF). New Steel Construction. Vol. 22, no. 2. March–April 2014. p. 16. Retrieved 30 January 2025.
  27. ^ Page Module:Citation/CS1/styles.css has no content."NDA archive: Nucleus (the Nuclear and Caithness Archives)". British Government. Retrieved 11 June 2018.
  28. ^ Page Module:Citation/CS1/styles.css has no content."Two consortiums invited to bid for Forth Crossing contract". New Civil Engineer. 30 November 2009. Retrieved 30 January 2025.

Further reading

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