The company said Muir Homes had also made progress in a tough housing market. Turnover increased from £19.8 million to £20.8 million, while improved margins helped reduce its pre-tax loss from £2.4 million to £1.6 million. The post-tax loss reduced substantially, from £2.4 million to just £7,000.
Muir Timber Systems faced pressures on costs and margins. Here, turnover slipped from £4.7m to £4.5m.
The group’s property development activities delivered another positive performance. Revenue increased from £3 million to £3.5 million, while profit rose by more than 55%, from £900,000 to £1.4 million. Net assets within property development now exceed £20 million.
Muir Group’s overall financial position also strengthened during the year. Cash balances increased from £12.1 million to £21.4 million, while the Group’s bank loan remained unchanged at £16.4 million. Net assets rose from £86 million to £89 million. The number of people directly employed by the Group reduced slightly, from 193 to 184.
Muir Holdings, the investment arm of the Muir family, also delivered a resilient performance. Comprising Muir Property Investments and Muir Financial Investments, the business generated profit before tax of £2.7 million, compared with £2.9 million in the previous year. Net assets increased by £1.9 million to £17.1 million, up from £15.2 million in 2024/25.
Got a story? Email news@theconstructionindex.co.uk
.gif)
