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Miller Homes
Miller Homes Limited is a privately held housebuilding company based in the United Kingdom.
The company was established by Sir James Miller in 1934. Expansion led to James' brothers, John and Lawrence, joining him in the business. Miller soon became Edinburgh's leading housebuilder, building close to five hundred houses per year during the 1930s.
The outbreak of the Second World War led to the company's abrupt cessation of private housebuilding and the start of Miller's construction business, which continued to grow following the end of the conflict. The peacetime return to house construction was largely driven by local authority schemes; it was not until the end of building controls in the beginning of the 1950s that Miller Homes resumed private housing – often using its extensive pre-war land holdings.
Housing operations were later extended to the South East England and Yorkshire.
During May 1996, the company's housing subsidiary in the South of England was sold to Kier Group in exchange for £16 million. By this point, Miller Homes was the largest private construction firm in Scotland.
During the late 1990s, sales exceeded 1,000 units for the first time. The company's senior management declared their intention for Miller Homes to move into the top ten housebuilders in Britain. During 1999, the company acquired rival housebuilder Cussins Homes while both Birch Homes and the Yorkshire region of Crest Nicholson were purchased during the following year. During April 1999, Miller had also launched a bid to acquire rival house builder Cala Homes to create Britain's largest privately owned house builder.
In September 2005, the company acquired Fairclough Homes (then building 1,500 houses per year) in exchange for £246 million, which took Miller Homes to its target of 4,000 houses per year and put it into the top ten largest house builders. Shortly thereafter, Miller Homes underwent a restructure of its nationwide operations.
During the Great Recession, volumes fell substantially due to the poor economic conditions. In September 2010, Miller Homes recorded a pre-tax loss of £27 million, some of which was attributed to the costly debts it was carrying. In April 2011, shortly after rival firm McInerney Holdings' entry into administration, Miller Homes secured a management contract valued at £100 million relating to ten sites previously owned by the failed company. Later that same year, the firm launched a partnership with the City of Edinburgh Council to speedily deliver affordable housing.
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Miller Homes
Miller Homes Limited is a privately held housebuilding company based in the United Kingdom.
The company was established by Sir James Miller in 1934. Expansion led to James' brothers, John and Lawrence, joining him in the business. Miller soon became Edinburgh's leading housebuilder, building close to five hundred houses per year during the 1930s.
The outbreak of the Second World War led to the company's abrupt cessation of private housebuilding and the start of Miller's construction business, which continued to grow following the end of the conflict. The peacetime return to house construction was largely driven by local authority schemes; it was not until the end of building controls in the beginning of the 1950s that Miller Homes resumed private housing – often using its extensive pre-war land holdings.
Housing operations were later extended to the South East England and Yorkshire.
During May 1996, the company's housing subsidiary in the South of England was sold to Kier Group in exchange for £16 million. By this point, Miller Homes was the largest private construction firm in Scotland.
During the late 1990s, sales exceeded 1,000 units for the first time. The company's senior management declared their intention for Miller Homes to move into the top ten housebuilders in Britain. During 1999, the company acquired rival housebuilder Cussins Homes while both Birch Homes and the Yorkshire region of Crest Nicholson were purchased during the following year. During April 1999, Miller had also launched a bid to acquire rival house builder Cala Homes to create Britain's largest privately owned house builder.
In September 2005, the company acquired Fairclough Homes (then building 1,500 houses per year) in exchange for £246 million, which took Miller Homes to its target of 4,000 houses per year and put it into the top ten largest house builders. Shortly thereafter, Miller Homes underwent a restructure of its nationwide operations.
During the Great Recession, volumes fell substantially due to the poor economic conditions. In September 2010, Miller Homes recorded a pre-tax loss of £27 million, some of which was attributed to the costly debts it was carrying. In April 2011, shortly after rival firm McInerney Holdings' entry into administration, Miller Homes secured a management contract valued at £100 million relating to ten sites previously owned by the failed company. Later that same year, the firm launched a partnership with the City of Edinburgh Council to speedily deliver affordable housing.