Income up 31% at Muir Group as contracting growth makes up for housing challenges

Scottish builder Muir Group has reported a 31% increase in turnover, as growth in its contracting arm made up for stagnation in the housing market.

Muir Group, which is based in Fife, is composed of several companies, whose activities comprise building contracting, private house building, property development, manufactured joinery and owning and operating a golf and country club. 

In its results for the 52-week period ended 1 February 2026, the group’s overall turnover was £113.9m, up from the £87.2m recorded in the equivalent period the year prior. Pre-tax profit also rose from £0.3m to £3m.

Construction business “had another successful year”, with income increasing from £59.6m to £85.7m, although the firm noted that margins in the sector “continue to be low” and predicted the economic climate would “continue to be challenging”

Growth in the construction business made up for relatively steady figures from its housebuilding business, which it said continued to be “impacted by the challenging economic climate impacting the housebuilding industry, in particular high and restricted mortgage rates which have dented customer confidence and purchasing power”.

Turnover edged up to £20.8m from £19.8m, as did private housing sales, up from 18,550 to 19,122.

The firm said it had managed challenges through “streamlining process and procedures, achieving best value through the supply chain and managing overheads”, which helped it reduce its pre-tax losses from £2.4m to £1.6m.

Staff numbers across the group fell from 193 to 184 in the year.