John Muir, creator and executive chairman of Muir Group
Muir Group, among the biggest household owned companies in Scotland, has actually made a series of brand-new agreements and tactical advancements throughout the year.
Muir Group turned over ₤ 93m in the year to 4th February 2024 and made a pre-tax loss of ₤ 3.9 m.
Within the group, Muir Construction turned over ₤ 68m and made a pre-tax earnings of ₤ 1.7 m. This year it has actually protected repeat develop agreements with investment firm Abrdn and in the whisky market, filling the order book for the existing year and extending into the next.
Muir Homes made a ₤ 7.1 m pre-tax loss in 2015 on ₤ 17m turnover, triggering the group to sink into the red. It has actually seen enhancements throughout the year. It has actually just recently obtained the staying Stewart Milne Group homes in Auchterarder from the administrator, Teneo Financial Advisory.
John Muir, creator and executive chairman of Muir Group, stated: “The current drop in rates of interest, although small, has actually favorably affected the real estate market, decreasing home loan rates of interest to listed below 3.9%, and in many cases, 3.7% with a 5-year set term. This has actually motivated Muir Homes to tactically purchase bringing more homes to the marketplace in the extremely future.”
Muir Homes states that this increase has actually been shown in advancements being offered out in Peterhead and just a handful of homes staying at Deeside, Laurencekirk, Stanley, and Glenboig.
Muir Homes is beginning on a variety of brand-new advancements in Central Belt and Fife, consisting of Dalgety Bay over coming months.
Muir Group likewise has substantial interest within the 100-acre Forth Green Freeport at Rosyth and is working towards commissioned agreements for commercial and industrial usages, which will go through additional rate of interest decreases, and shipment of seed financing by the Scottish and UK federal governments.
The group likewise counts Muir Timber Systems and Deer Park Golf & & Country Club as part of its household of business.
John Muir stated: “We are beginning to see motivating development in the building and construction and homebuilding sector. Muir Construction continues to win brand-new company, for instance with Abrdn, and dealing with numerous whisky market tasks consisting of Ardgowan Distillery in Inverclyde, a whisky maturation repair job in Kirkcaldy for John Crabbie & & Company’s whisky, among other brand names.
“The decrease in rate of interest has actually likewise increased interest in our high-end homes and we have actually acquired the staying partly built homes in Auchterarder from the administrators of Stewart Milne Group. Notably, this will assist finish the works at this advancement which will be assuring for the regional neighborhood. We will likewise start deal with brand-new advancements in the Central Belt and Fife, consisting of Dalgety Bay.
“The facility of the Forth Green Freeport is really amazing for our service. This job has the possible to produce countless high quality, green tasks and would strengthen Scotland’s location at the leading edge of green innovation,
