I refer to your article “Breaking the shackles” (23 July, page 16), which includes Miller Group in a list of refinanced housebuilders, all of whom, with the exception of Miller Group, are majority owned or controlled by Lloyds Banking Group

Miller Group would like to clarify that Lloyds Banking Group holds a minority stake in the company as a long-term investment. Miller Group is the UK’s largest privately owned housebuilding, property development and construction business. It remains family owned and controlled, and therefore the implication that anyone other than the board of directors decides on the strategy and direction of the group is erroneous.

Stephen Dunn, corporate services director, Miller Group