Morro Partnerships, a prominent Midlands-based partnerships developer and land specialist, has released its latest financial results, affirming its dedication to affordable housing and regeneration projects under the ethos of creating a 'better tomorrow'.

The company reported a total turnover of £99.5 million, representing a 26% increase compared to the previous year, alongside a substantial increase in pre-tax profit. Morro has effectively doubled its size over the last three years, primarily fuelled by the successful establishment and scaling of its operations in the East Midlands. This regional hub generated £39 million in revenue during its first full year of operation since opening in 2022.

The business maintains a secure development pipeline of 3,000 homes throughout the East and West Midlands, solidifying its position as a vital partner in mitigating the acute housing crisis across the region.

Matt Moore, CEO at Morro Partnerships, stated: "At Morro, we continue to align our services and business with government housing targets and the acute need for more affordable homes, making us a key contributor to addressing the national demand."

He noted the company's strong partner relationships: "We remain the market leading developer with registered providers and local authority partners, growing and expanding new relationships by more than 30% this year. Our land and partnerships team continues to work collaboratively with stakeholders to identify and deliver opportunities for major regeneration projects."

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Mr Moore attributed the firm's trajectory to its core mission: "Our core value of being 'better tomorrow makers' is our driving force - and is what we can attribute our continued strategic growth to."

Morro's delivery programme is exemplified by several landmark schemes encompassing both affordable and mixed-tenure housing. A notable example is the award-winning Royal Quarter in Wolverhampton, a four-phase regeneration initiative delivering nearly 400 new homes. This scheme includes Nightingale House, which provides 38 bespoke apartments for residents aged over 55 within a sympathetically restored Grade II listed former hospital building.

To accommodate its expanding project portfolio, Morro has invested significantly in new technology teams and digital systems aimed at boosting efficiency and collaboration. The company prioritises its workforce, achieving a 30% growth in its team over the past year and securing Investor in People Gold status.

Mr Moore added: "Making investments into our office hubs, leadership, team and tools has been essential to ensuring our growth is resilient and sustainable. We are particularly excited by the launch of our new Innovation Hub – a facility designed to showcase our commitment to changing the industry for the better. It will notably focus on producing timber frames for our standard housing range, alongside boosting efficiency across procurement and site operations."

Social value generation has been another central focus, with teams actively working to embed social initiatives within all site activities. In 2024, Morro generated £5.7 million in social value, contributed 181 staff volunteering hours, and provided £33,000 in cash and resources to local community initiatives.

This commitment led to Morro Partnerships being crowned winner of the ESG category at the Constructing Excellence East Midlands Awards earlier this year. The team also secured the Social Impact Award at the Insider Residential Property Awards for the Swan Lane project in West Bromwich.

Morro Partnerships has also been shortlisted for two Inside Housing Development Awards—Best Regeneration Project and Best Supported Housing Development—both in recognition of Nightingale House, a scheme delivered in partnership with whg. Further recognition came from the Insider West Midlands Property Awards' Best Regeneration Project, which will be announced this month.