UK’s largest private housebuilder flourishes despite slow market conditions nationwide.
Britain’s largest privately owned housebuilding, property and construction group, the Miller Group, has brushed off the current downturn in the housing market to record interim pre-tax profits £38.7 m, up 63%. Turnover for the group was up slightly, rising £1.9 m to £354.8 m for the six-month period to 30 June 2005.
With almost 98% of its housing sales in Scotland and the north of England, the group has not been hit as hard as some others by the tough market conditions. Its construction arm has been involved in projects including the £85 m Beaston Oncology Centre in Glasgow, and the new £45 m headquarters for Edinburgh city council.
Chief executive Keith Miller said he was delighted with the results, and added: "Obviously housing has been a much tougher market than in recent years, but our geographical spread has taken some of the impact out of that."
Having sold its former head office, the group is now based at new premises Miller House at Edinburgh Park, which was officially opened the Princess Royal earlier this month.