These are tough times for the Miller Group. Last year the Edinburgh housebuilder and property developer had to cut its British workforce from 2,000 to 1,400 as the housing market slumped. Sales in 2008, including those from joint ventures, dropped 20% to £1,047m. The company sold a minority stake to Bank of Scotland Corporate in April 2008 for an undisclosed sum, a move that has provided some stability. Run by chief executive Keith Miller, nephew of the founder James Miller, the company continues to work on projects that include retail developments in Portugal, Denmark and Hungary.

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Company details
CompanyThe Miller Group
ActivityHousebuilder & construction services
Sales £m †1,047
Profit £m †-116
Year endDec 08
Principal shareholdersMiller family, Lloyds Banking Group, employees

If applicable:

* Supplied by company † Annualised figure