Housebuilder Stewart Milne has collapsed into administration - but the future of its developments is still uncertain as its founder says he is “devastated” by the news. The group, based in north east Scotland, was put up for sale in April 2022 after its eponymous founder and main shareholder Stewart Milne decided to retire after more than 50 years. The sale process was paused in December after the turmoil of Liz Truss’s mini-Budget but . Now administrators from Teneo have been appointed to Stewart Milne Homes North West England, as well as to the Stewart Milne Group and to five other Scottish subsidiaries. However, Teneo said the…
