Morrison Utility Services - Motion Equity Partners

Morrison Utility Services is a leader in providing services to large infrastructure companies in the UK, operating in the electricity, gas, water and telecommunications sectors.

Operating under long-term contracts, Morrison Utility Services continuously ensures the maintenance, improvement, development and renewal of its clients’ networks.

With a revenue of around £600m and an order book exceeding £2.0bn, the Group employs nearly 4,000 direct employees who are regularly supported and trained through development programs to improve their expertise and reliability. Morrison Utility Services has never lost a single client despite a highly diversified customer base

Between 2008 and 2015, Motion Equity Partners contributed to the development of Morrison Utility Services, which has notably:

Increased significantly its size: from £495m in revenue with an order book of £1.3bn in 2009, the company reported £600m in revenue in 2016 with an order book exceeding £2.0bn ;
Improved significantly its margins, today among the highest in the sector, thanks to cost optimization and continuous operational improvement ;
Improved the management of its working capital, by focusing on key contract management and intra-months fluctuations ;
Strengthened its management team.