Morton Group's development, construction and real estate companies celebrate three successful years of trading
The wholly-owned family business was formed by Gary Morton and his father Brian. Now, only three years later, they look to the future with £120m worth of development projects in the pipeline.
The Morton Group consists of LOK Developments, Kapex Construction and Regents Gate Homes, meaning that it can act as both developer and contractor on building projects. LOK Developments, which specialises in acquiring land and buildings, has secured in excess of £50m of investment over the last 18 months. It currently has 206 residential units in for planning, due to start or on site, including Regents Plaza Apartments, Sycamore Square and Regent Manor in Newcastle. In total there’s £93m worth of developments in the pipeline for LOK Developments.
Kapex Construction is the building delivery arm of the business. It saw a turnover of £1.45m in its first year which rose to £3.1m in 2018/19 and is expected to hit £12m by the end of this financial year (April 2019 – March 2020). Looking ahead, Kapex has a confirmed order book of £36m.
Morton Group was established in December 2016 by Group CEO Gary Morton and his father Brian, following Gary’s return to the region after working on large-scale infrastructure projects in London.
Morton Group’s Development Director, Chris Nunn, joined Gary, Brian and Operations Director Shaun Humphreys in 2018. Since then the company has grown to almost 90 employees. In September 2019, Morton Group moved into a new office space at Regent Centre, Gosforth, with an option to double staff capacity in the near future.
Gary Morton, Group CEO of Morton Group, said: “The growth we’ve seen over the last three years has been brilliant, and we’re just getting started.”
The expertise of our team and our unique business offer has been developed through many years working in the construction industry. Our difference is in providing a range of integrated services, from concept to construction and disposal, as well as operating a completely open book approach with our partners and investors.
We have a very ambitious team seeking out previously unseen opportunities, securing large sums of investment and managing the delivery of many significant projects. It’s been a privilege to work on the fantastic projects that we’ve been involved with so far, and with such a strong team of talented individuals.
“With a confirmed forward order book of £36m for Kapex Construction and £93m worth of developments coming online for LOK Developments, we’re looking forward to further growth and continued success with some interesting landmark projects lined up in 2020. It’s a very exciting time for us.”