21% rise in profits as Mactaggart & Mickel Group celebrates 90 years in business

The results maintain its strong performance from 2014 which saw the Group return to pre-recession profit levels. An ongoing focus on growing income from external markets through each of its divisions has paid dividends with profits increasing across these business units, while the Group’s flagship Homes business continues to deliver robust returns.

Operational highlights include:

Chief executive Ed Monaghan commented: "This year marks our 90th in business and the fourth of our five year plan. We have consolidated last year’s outstanding performance with another period of growth and improved profitability.

“While we have seen footfall and sales at our sites increase, like every other housebuilder, we have been watching with interest the situation with the scheme that is set to replace Help to Buy (Scotland). The original initiative was a real boost to the industry when it was introduced but we saw it fully subscribed in just a few months this year and we await with interest the detail around the new scheme.

“Our other business units have now established themselves as profit centres with milestones including our first land sale in England and our Commercial Property division’s first development sale. The focus now is on growing income from external sources to ensure we are fully exploiting our skills base and capabilities.”

Mactaggart & Mickel Group was named Employer of the Year at the 2015 Homes for Scotland Awards. Site manager Stuart Gillespie, based at Greenan Views in Ayr, was recognised as the best in the UK for the second year running in the Medium Builder category at the National House Building Council’s Pride in the Job Awards, considered the ‘Oscars’ of the industry. The innovative Polnoon development in Eaglesham, East Renfrewshire was awarded a prestigious Saltire Award in 2015 for Innovation in Housing.

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