The company said the decision comes two years after its parent company became Avant Homes.

Last year, the Avant Homes group had a turnover of £244m and built over 1,100 homes at an average selling price of £209,000.

It was acquired in December 2014 by a consortium of private equity companies comprising Alchemy Special Opportunities, Avenue Capital Group and Angelo, Gordon & Co as part of management’s clear growth strategy.

David Knight, managing director of Avant Homes Scotland, said: “Our business has undergone an evolution and a transformation over the last five years. The decision to change our brand to Avant Homes is the latest in a series of important steps which support the delivery of our ambitious strategic plan.”

Avant Homes Scotland has 172 staff and currently has seven developments under construction in Dundee and across the Central Belt. It said it is continually investing in new land and recently bought sites in Denny and Haddington, which altogether will provide 396 new homes with a gross development value of £86m.