Stewart Milne hoists for sale sign over £100m timber frame arm

By Carl Brown2021-10-13T08:34:00

Move part of restructuring at loss-making Scottish housebuilder

Stewart Milne has put its timber frame subsidiary up for sale as part of an ongoing restructuring and refinancing process at the Scottish housebuilder.

The business said it was looking to sell Stewart Milne Timber Systems, which it says is on course to turn over £100m in the current financial year, in order to cash in on current market enthusiasm for off-site manufacturing and modern methods of construction.

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