After receiving the results on the 20th of March, Miller Homes has achieved an ¨excellent set of results¨ for the whole of 2018, with the project completion rate raising by 14% from 2017. In addition to this, the profits have lifted by 15%, totalling at £151.1 million.
Operating in Scotland, the Midlands and both the North and South of England, the housebuilder finished 3,170 homes during the end of the last year, with its average selling price rising 4% to £249,000.
The report showed that the company’s operating margin improved by a total of 70 basis points, raising the percentage to 20.2%, putting forward sales to £292 million.
Staff population has increased by 11% as the company progresses in business growth and in 2018, the first year of the West Midlands region project delivered over 325 homes.
Miller’s goal to meet the 4000 homes target by 2021 is said to be on track for success.