THE company involved in plans to build on most of Bournemouth’s town centre car parks has revealed record profits.

Construction and regeneration business Morgan Sindall Group PLC is equal partner with Bournemouth council in a long-term plan to develop 16 key sites in the town.

The Bournemouth Development Company was set up in 2011 to deliver homes, leisure attractions, shops and offices over a 20-year period.

Morgan Sindall Construction has a regional office in Cabot Lane, Poole.

The group saw adjusted profit before tax rise 23 per cent to £81.6million, according to preliminary results for 2018.

It made an operating loss of £2.4m on investments, citing the delays in progressing a number of its schemes.

But it drew attention to a series of successful investments, including several of its Bournemouth schemes:

n The handover of 113 homes for private renting at Berry Court, along with a 217-space multi-storey car park;

n Planning permission for a £150m mix of leisure and housing on the former Winter Gardens site; and

n The start of work on 46 homes for rent in St Stephen’s Road.

Morgan Sindall Group’s revenue was up six per cent to £2.9bn and it had a committed order book of £3.6bn, with a regeneration and development pipeline of £3.1bn.

Pat Boyle, managing director for Morgan Sindall Construction, said: “The past 12 months have proven to be a positive year for Morgan Sindall Construction, as we continue to focus on our customers’ needs and deliver a variety of complex projects across the country.

“Fundamental to our purpose is to deliver inspirational buildings where people live, learn and work; play, care and create – from public sector facilities to private sector developments, our projects aim to deliver exceptional customer experiences and life-enhancing outcomes.”

Last month, Bournemouth council’s cabinet backed plans for five office and residential blocks, plus a 420-space multi-storey car park, to be developed by Bournemouth Development Company on the sties of the Cotlands Road and York Road car parks. Last year, the developer was refused permission to build 44 homes on Durley Road car park, but is appealing.