Morson Group has recorded another record year as Group revenue jumped from
£1,151.7m in 2022 to £1,332.9m in 2023, underscoring Morson’s ability to scale
its operations efficiently while maintaining high levels of service and client satisfaction.

The Group also reported an adjusted EBITDA of £53 million, a noteworthy increase from £45.1 million in 2022, and increased its contractor numbers by 1,000. It has also been a year of recognitions for the Group, which was awarded seven prestigious awards, including the APSCo Outsource Talent Partner of the Year (APSCo Awards for Excellence) and the Armed Forces Covenant Gold Award (Ministry of Defence Employer Recognition Scheme), a distinction Morson has held since 2017. Morson also received a 3* Accreditation – the highest standard of workplace engagement – from Best Companies in their list of World Class Employers.

Morson’s success was propelled by buoyant, investment-centric core sectors such as rail, defence, energy and power, with particularly strong performances from several of its businesses, including the Morson Engineering Group (comprising design consultancy Morson Projects and Waldeck), Morson Talent and Vital Human Resources.

Morson Group CEO Ged Mason commented:

“Our unwavering focus has been to listen to our customers, adapting and innovating to provide tailored and relevant people solutions and services, pushing technological advances and drawing from a rich tapestry of knowledge and expertise within the companies under our wing. With another year of strong growth, it’s clear that this approach is paying off. Beyond the financial performance, driven by our people, colleagues, and client partners – our most valuable assets – I am incredibly proud of our family team ethos across the Group.

Their contributions are essential, and without their dedication and alignment with our core values, we wouldn’t be able to achieve this success. I’m also thrilled with our environmental, social, and governance efforts, particularly initiatives that promote social mobility and create opportunities for disadvantaged or overlooked talent to thrive.

Our partnerships with organisations like IntoUniversity and The University of Salford highlight the powerful impact of industry-academic collaboration in nurturing future talent.”

Morson Group CEO Ged Mason

Morson Group CFO Paul Gilmour added:

“With our breadth of highly valued services in demand from our clients, valued contributions have been made across the Group and we have again achieved record results for the year 2023. Thanks are due to all involved, including our support and systems teams’ efficiency and dedication. Our ethos, characterised by a strong sense of family and community, is evident in every corner of the Group, and I take immense pride in witnessing our collective strength grow with the passing of each year.”

CFO Paul Gilmour

Our purpose is to positively impact lives every day, and every member of the Morson Group is driven to fuel innovation, empower industry and enable opportunities for people. Read our Morson Group STEM Foundation Impact Report here