Stewart Milne’s board has once again put the Scottish housebuilder up for sale following a return to profit for the business thanks in part to the sale of its timber frame business.

The firm recorded pre-tax profits of £16.5m for 2022, in contrast to the £13m loss of the previous year, according to its annual report and financial statements.

The Aberdeen-based company was put up for sale in April 2022, but it put the sales process on pause in December citing “uncertainty in the market”. 

Now, having reported a turnover of £172m in the year to October 2022 and a return to profit, it has confirmed that “the directors have re-commenced a sales process in 2023” to find a new buyer for the Stewart Milne Home business.