Miller Homes

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New homes at Terlings Park

During 2015, the Group exceeded 20% return in capital employed for the first time.  Other highlights from our performance during 2015 include:

  • 91% increase in profit before tax to £62m (2014: £32.5m)
  • 76% increase in operating profit to £78.4m (2014:  £44.5m)
  • 300 basis point improvement in gross margin to 22.8% (2014: 19.8%)
  • 420 basis point improvement in operating margin to a record 15.7% (2014: 11.5%) as we increase volumes
  • 71% increase in return on capital employed to a record 20.0% (2014: 11.7%) reflecting improved operating margin and capital turn
  • 24.3% embedded margin in our consented landbank (2014: 23.3%), which is a record for the Group
  • 22% increase in net assets to £266m with 2015 profits retained in the business
  • New £210m committed bank facilities with existing lenders through to 2020 and on improved terms

Reports and Accounts

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Financial Group Summary

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