Miller Developments
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Miller Developments - overview
Established
1965
Location
Edinburgh, Scotland, UK
Primary Industry
Real Estate Development & Operating Companies
About
Miller Developments is a UK-based property development firm specializing in land acquisition, management, and development for residential and commercial projects, aiming to enhance community infrastructure across various regions. Founded in 1965, Miller Developments operates primarily in the property development sector, focusing on residential and commercial land projects. The firm is headquartered in Edinburgh, UK, and was acquired by Caird Capital in August 2015. The company has successfully executed one deal to date.
The founder's history is not provided, and there are no known subsidiaries or pivots in business strategy. Miller Developments engages in comprehensive land and property development through its parent company M2 Group Ltd. The company controls over 1,100 acres in the UK, with approximately 1,000 acres owned outright, aiming to deliver over 4,000 residential units and 800,000 square feet of commercial space. Its clientele includes national housebuilders, small development companies, and public sector organizations, benefiting from the firm’s extensive experience in managing diverse projects.
In 2019, Miller Developments generated a revenue of GBP 17,880. 80 and an EBITDA of GBP 4,730,750. 70. The company's revenue stems from the sale of developed residential plots and leasing or sale of commercial spaces, with a strong track record of over 1,500 sold housing plots and more than 1,750,000 square feet of commercial space delivered since its inception in 2018.
The company's financial strength is supported by an excess of GBP 80 million in its balance sheet and the absence of debt, contributing to a steady revenue stream. Miller Developments is focused on expanding its reach and enhancing its service offerings. The firm is planning to develop new residential and commercial projects, with specifics on upcoming product launches yet to be detailed. The company is also looking to enter new geographical regions within the UK by 2025.
The funding from its last deal in August 2015 will be utilized to support these initiatives, ensuring continued development activities and site acquisitions.
Current Investors
Caird Capital
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Engineering, Construction, Real Estate Development & Operating Companies
Website
https://www.millerdevelopments.co.uk/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Miller Developments - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 332,000 | 349,000 | 379,000 | 15,048,000 | 23,611,000 | 22,680,000 | 741,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.1% | 8.6% | 3870.4% | 56.9% | (3.9%) | (96.7%) | - | - | - |
| EBITDA (USD) | (1,471,000) | (6,740,000) | 1,399,000 | 5,021,000 | 864,000 | 1,107,000 | (2,749,000) | - | - | - |
| Operating Income (USD) | (1,496,000) | (6,757,000) | 1,375,000 | 4,992,000 | 830,000 | 1,089,000 | (2,810,000) | - | - | - |
| Operating Margin | (450.6%) | (1936.1%) | 362.8% | 33.2% | 3.5% | 4.8% | (379.2%) | - | - | - |
| % EBITDA Margin | (443.1%) | (1931.2%) | 369.1% | 33.4% | 3.7% | 4.9% | (371.0%) | - | - | - |
| NET Income (USD) | (23,000) | (5,154,000) | 3,898,000 | 5,385,000 | 621,000 | 437,000 | (2,334,000) | - | - | - |
| % Net Margin | (6.9%) | (1476.8%) | 1028.5% | 35.8% | 2.6% | 1.9% | (315.0%) | - | - | - |
Miller Developments - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Miller Developments | - |
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Miller Developments - employee data
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