Rebel Miller Group shareholders call in E&Y

Rebel Miller Group shareholders call in E&Y

Splinter group of shareholders in the UK's largest privately-owned housebuilder hire Ernst & Young to find a buyer for their shares as company suffers

A splinter group of shareholders at the Miller Group has engaged Ernst &
Young to find a buyer for their stakes as the financial markets turmoil hit the
company’s fortunes.

Chief executive Keith Miller has been trying to prevent other family
shareholders from selling their shares to outsiders, but a group of them, led by
his cousin James Miller has appointed the Big Four firm because they believe
that a better price could be secured on the open market.

There has been a long-running row at
Miller as to whether the
company should be broken up or sold, but a recently issued profit warning has
brought the situation to a head.

Chief executive Miller said that the volatility in the financial markets had
discouraged buyers, which would mean that the company’s 2007 full-year profits
would be lower than in 2006.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource