Miller Homes has revealed its plans for future growth in the central Scotland market after reporting increased pre-tax profit by more than 90 per cent for the second year running.

Chief executive Chris Endsor said Edinburgh-based Miller has made a good start to the year in Scotland after achieving strong growth in sales last year amid buoyant demand for homes.

With activity focused on Scotland’s Central Belt, Miller has not suffered fallout from the crude price plunge which has hit Aberdeen.

Mr Endsor said Miller expected to achieve growth in Scotland in coming years in line with the ambitious targets it has set for the UK.

Pre-tax profit before exceptional items was up 91 per cent to £62 million in the year to December 2015 as the privately owned company completed 14 per cent more homes, bringing the total to 2,153 units.

It also increased its average selling price by 14 per cent to £227,000 and strengthened its operating margin to a record 15.7 per cent. Revenue was up 29 per cent to £500m.

Miller has been selling homes for an average £262,000 in Scotland, compared with £227,000 across the UK.

The firm sold 550 homes in Scotland last year, around 25 per cent of the total of 2,150.

Mr Endsor said the company would consider acquisitions in Scotland, but is not looking at any currently.

He said: ‘2015 was an outstanding year for Miller Homes which demonstrates the strength of our proposition, our established national footprint and reputation for excellent customer service. This resulted in us outperforming on all our key financial metrics.

“Our investment in recent years, combined with new bank facilities, positions Miller Homes for further significant growth. We have the operational expertise and financial firepower to grow output by a further 50 per cent to 3,250 units by 2019, and a business plan to deliver upper quartile EBITA growth over the next 2 years.

“Against favourable market conditions and our well defined growth plans, we are extremely excited about our future.”