Miller Homes profit up 10% under new owners

Miller Homes

Accounts for 2022 reveal £600m net debt following Apollo buy out of Scottish housebuilder

Edinburgh-based housebuilder Miller Homes Group saw its profit rise to £160m in the first year under ownership of US private equity house Apollo, despite the impact of last September’s mini-budget on the market.

Executive chairman Chris Endsor hailed a “strong” set of results as the firm, which builds across Scotland and England, said pre-tax profit in the 2022 calendar year rose 10% from £145m as revenue hit £1.17bn, up 12%.

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