Miller Group eases losses

Miller Group, the UK’s largest privately-owned housebuilder, reported reduced full-year pre-tax losses yesterday in another sign that the housing market is picking up.

The Edinburgh-based group saw its pre-tax losses for 2009 decline to £72.4m, from a £170m loss in 2008. The firm saw its sales fall 25 per cent to £783m.

Miller’s house-building business sold just 12 more homes in 2009, totalling 2,068, compared to the previous year. The company is controlled by the Miller family, which holds 62 per cent of the business.