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Miller Homes  (UK)



Status: Performing

All payments are on time



Current Yield


Estimated Yield to Maturity


Maturity Date

15 Oct 2024

Next Interest Payment

15 Oct 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets


Housebuilders & Construction






S&P:  BB-, Fitch  BB

Call Schedule

15 Oct 2020 at 102.75
15 Oct 2021 at 101.375
15 Oct 2022 at 100

Business Description

Established in 1934 and the largest privately-owned housebuilder in the UK, Miller Homes has a strong regional footprint through three divisions (Midlands & South, North, and Scotland) and a reputation for delivering quality, family homes in desirable and high demand locations.

The company focuses on sustainable developments on the edge of urban or suburban areas, typically within 45 minutes of the nearest largest town or city and is recognised for providing outstanding levels of customer service. In 2016, the company completed a total of 2,380 homes.

For the six months ended 30 June 2018, the company reported a 11% increase in operating profit to £70.5m (H1 2017: £63.5m).

Capital at risk. No FSCS cover. See Risk Statement.


Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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