Morris Group specialises in building apartments and houses on brownfield land, with an average sale price last year of £180,000. It operates mainly in northwest England and the Midlands. In March 2004, managing director Mike Gaskell led its third management buyout in a deal worth £175m backed by Royal Bank of Scotland. Operating profits have risen strongly since 2001 to £35m in 2004, when sales reached £148.3m.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyMorris Group
Sales £m*148.3
Operating profit £m*35.0
Main shareholdersMike Gaskell (38%), Quayle Munro (25%), RBS (14%), B Norman (11%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda