Mactaggart & Mickel Homes’ plans to expand into England have taken a step forward with the submission of detailed planning permission for a housing development at Milton-under-Wychwood in Oxfordshire.
With outline planning consent currently in place for 62 new homes, the development marks a major milestone for the business and its plans to broaden its geographical reach.
Having completed its five year plan with a fourth consecutive rise in profits, 2016 figures for the housebuilder, which is part of the Mactaggart & Mickel Group, revealed an increase in turnover to £55 million and in profit to £13.7m.
The company already has a strong land bank in England and have been involved in strategic land development south of the border since 2008, securing over 1200 acres across the north west and south west of England, with a further 250 acres under offer.
Another reserved matters planning application is expected to be lodged for a second English site in East Challow over the coming weeks.
The expansion into new markets comes as fourth generation family members and cousins, Andrew and Ross Mickel take over the reins in running the family business from recently retired, Bruce Mickel, who has been at the helm of the business for over 40 years.
Group director Andrew Mickel said: “It’s an exciting time for Mactaggart & Mickel Homes England Ltd as we begin our long term ambition to expand and grow the company in front of a UK wide audience. Our English strategic land business has been very successful in identifying and promoting viable sites, so building our own housing developments south of the border is the next natural step.
The Mactaggart & Mickel Group currently employs 279 members of staff and anticipate this will rise over the coming year with the expansion.