Muir Group has reported a pre-tax loss of £4.3m as it restructured the revenue profile of Muir Homes.
The family-run property developer and contractor, due to celebrate 50 years in business next year, said the financial performance came as a result of challenges facing the whole sector, including margins being squeezed and chronic skills and labour shortages.
The full-year results did, however, show an increase in turnover on the previous financial year by nearly £22m.