North-east housebuilder Stewart Milne Group (SMG) has collapsed into administration, with the immediate loss of 217 jobs. The firm has several partly-completed developments across Tayside. The administration means hundreds of other sub-contractor jobs are now at risk. SMG’s bank rejected two offers for the business and then pulled the plug on funding. One of these offers is believed to have come from the firm’s 73-year-old owner and founder, Stewart Milne. He said he was “devastated” by this “totally unexpected outcome” of the sale process. Mr Milne also said he was “struggling to accept it, given the profound impact it will have…
