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.
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