Profit Track 100

The Miller Group grew out of a one-man architectural practice set up in 1934 by the grandfather of Keith Miller, the current chief executive. The Edinburgh-based company is now the UK’s largest privately-owned development and construction company. Contracts have included a £107m deal to help build the Channel Tunnel Rail Link, and construction of the Skye Bridge. The business has five divisions: construction, civil engineering, housebuilding, commercial property and coal-mining. Profits have grown by 36% pa, from £5.9m in 1995 to £15m in 1998. Turnover grew just 4% pa in the same period to £365.8m. Group chief executive Keith Miller puts this profit growth down to a deliberate decision to move away from high-risk, low-margin construction work, and target the more profitable areas of development and housing. Last year the company also bought Tyneside housebuilder Cussins Property for £23m in a deal that saw Miller Group become one of the UK’s top 20 housebuilders.

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Company details
CompanyThe Miller Group
ActivityHousebuilder & construction services
Annual profit growth36.29%
Latest profits £000s15,010
Latest sales £000s365,758

If applicable:

* supplied by company † annualised figure