Scottish house builder Muir Homes has appointed a new managing director.
Robert Herd returns to lead the business, having previously served as construction manager after ascending through its ranks.
He said: “Having started my career with Muir Homes many years ago, I am incredibly proud to return as managing director.
“Muir is a shining example of a long-standing, successful family business, with John Muir still at the helm of the wider group.
“The company continues to deliver high-quality homes, support local jobs, and contribute to economic growth across Scotland.”
Muir Homes is part of Muir Group, a family-run business established in 1973, which encompasses Muir Construction, Muir Timber Systems, Muir Property Development, JW Muir Property Investments, and Deer Park Golf & Country Club.
Last year, the group posted turnover for the year ended 4 February 2024 of £93 million, roughly in line with the previous financial period, but generated a pre-tax loss of £3.2 million (FY2023: £2.2 million profit).
The Fife-headquartered business also reported an operating loss last year of £2.8 million, deeper than the £127,000 loss it saw in the prior financial year.
In a financial statement, the group said: “Muir Construction Limited has had another successful year, securing an increased number of contracts across a varying range of industries.”
However, it also said: “Margins within the sector continue to be low, with the impact of cost inflation, lack of supply and skilled labour shortages increasing costs.
“Within the current economic climate, 2024/25 will continue to be challenging. However, Muir Construction Limited is looking to further enhance its reputation for quality and customer excellence and continue to deliver profits.
“Muir Homes Limited’s results have been impacted by the economic headwinds challenging the housebuilding industry, in particular increased mortgage rates, high inflation levels and the cost-of-living crisis, all of which have dented customer confidence and purchasing power.
“In addition, the housing sector has faced unprecedented disruption in the supply chain, with significant material and subcontractor price increases outstripping sales price increases, as well as a skills shortage in the industry.”
Herd’s appointment follows a series of promotions and hires as the company prepares to launch several new developments across the Central Belt and Fife, including a flagship project in Dalgety Bay.
Was this interesting? Try: Record revenue and orders for Wates
If you have a tip or story idea that fits with our publication, please contact the news editor rory@wavenews.co.uk
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.
