Scale. Expertise. Impact.
Annual Report 2026
A year of transformation
M Group is the leading provider of essential infrastructure services in the UK and Ireland.
We operate with scale, expertise and impact, supporting our clients and partners across energy, water, technology & communications, and transport.
Thoughts from our leadership
"We invest in our people and our capabilities, creating lasting value for the UK. Our performance this year demonstrates the power of purposeful growth and responsible leadership."
Andrew Findlay
Chief Executive
Thoughts from our Chief Executive
"We believe that building robust, reliable and efficient infrastructure is a critical national mission."
Archie Norman
Chairman
2026 Highlights - delivering at scale
UK infrastructure is under pressure. Costs are rising, assets are ageing, and the net-zero clock is ticking. We have the scale to handle the UKˇs largest essential infrastructure demands, and the expertise to integrate digital intelligence into every mile of pipe, cable, track and road.
£3.1bn
Turnover in 2026. 2025: £2.7bn
14,000+
employees +20%
£10.4bn
Order book +17.8% year-on-year increase
£170m
Capital returns to investors
£453.4bn
Total available liquidity. 2025: £321.6m
0.06
Accident frequency rate
Connecting expertise
Our connected capabilities allow us to maximise efficiencies, remove risk, and deliver strategic value to our clients.
3 Acquisitions
Telent, Cyro Cyber and Aran
100+
Contract wins and renewals in the year
200k+
Hours of training in the year
Spotlights on transformation
Our strategy in action
We respond to our clientsˇ needs by aligning our specialised, multidisciplinary capabilities with the evolving strategic demands of the UK and Irelandˇs critical infrastructure.
Hinkley Point C
Hinkley Point C (HPC) is far more than a construction site; it is a nationally significant infrastructure project that anchors the UKˇs transition to net zero.
We have brought together our capabilities in digital infrastructure, complex engineering and highways to deliver on a single, critical project.
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Heathrow Airport
Heathrow Airport is a national icon and a critical hub for global connectivity.
For M Group, our partnership with Heathrow is a clear demonstration of our strategy in action, providing “essential infrastructure services for life” in one of the world’s most secure and safety-critical environments.
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Yorkshire Water
At M Group, we have forged a longstanding partnership with Yorkshire Water by evolving into a vertically integrated solutions provider, we have moved beyond traditional maintenance to become a vital partner in managing the region’s complex water cycle.
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National Grid
National Grid provides a compelling example of the breadth and depth of M Group’s capabilities for a single, major client, spanning transmission infrastructure, high voltage substations and mission critical digital networks that together underpin the UK’s transition to a low-carbon, electrified energy system.
Learn moreAnnual Report 2026
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