Miller on course for 4,000 homes by 2021

Aaron Morby 5 years ago
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Edinburgh-based Miller Homes is set to open a new office in the north of England before the end of the year as it pushes for further growth in completions.

Chris Endsor, chief executive, expands offering in England
Chris Endsor, chief executive, expands offering in England

The new Teesside office aims to grow by 400 units a year over the next three years.  It follows the West Midlands region which was opened 18 months ago.

Further expansion plans were set out as the private house builder announced a 13% increase in completions to 1,684 homes in the first half of this year.

It also said that interim pre-tax profit had jumped a fifth to £55m while operating margin remained stable at 20%.

Miller said forward sales were up 7% on last time to a record £368m.

Chris Endsor, chief executive, said the house builder was on track to achieve its targeted 4,000 homes by 2021.

“Customer demand has remained strong set against a backdrop of competitive mortgage rates but just as importantly an overwhelming need for many of our customers to acquire a new home.

As a further sign of our confidence in our regional markets, we invested significantly in land in the period, acquiring 12 sites at a cost of £94m.

“Our new Teesside region will be launched in the second half of this year, becoming fully operational from the start of 2020.”

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