Scottish firm says it is “reviewing a number of strategic options”


Housebuilder and contractor Miller has confirmed it is reviewing “strategic options” for the group after appointing financial adviser Moelis & Company last month.

A spokesperson for the firm said in a statement that the £817m-turnover Scottish firm was “reviewing a number of strategic options” for the group.

The statement follows reports that Miller has approached the contractor’s rivals over a sale of its £409m turnover construction arm, which reported an operating loss in 2013 of £4.6m.

Miller this week declined to confirm or deny it was planning to sell the business. It is understood Moelis & Co will carry out a review of all options for the future of the group, including a stock market flotation.