Byrne Group FD steps down

Aaron Morby 6 months ago
Share

Byrne Group finance director Daren Harris has left the business after three years at the formwork specialist.

Harris played a significant role in helping to steer the group through a major restructuring process and saw the firm return to profit last year after several years of losses.

He also played a part in establishing the strategic partnership with South African construction group Wilson Bayly Holmes Ovcon, which invested £12m in June 2017 for a 40% stake in the business.

The strategic investment strengthened Byrne’s balance sheet enhancing the firm’s ability to secure work.

WBHO has extended its interest to take a majority stake in the group while at the same time also taking a controlling stake in North West contractor Russells Construction.

Harris will not be replaced under the present management structure.

Michael Byrne, chief executive at Byrne Group, said: “The strengthening of the group’s activities and its financial position has meant that Daren’s role has changed significantly from when he took up his appointment.

“I’d like to thank Daren for his commitment to the group and being an integral part of our management team during a very challenging period.

“The Group remains one of the most respected contractors in our sector and we continue to build a strong forward pipeline of new work.”

Latest news

Digger dropped down shaft at super sewer site

Two hurt as dropped digger crushes cherry picker during lifting accident
1 day ago

Bid race starts for £240m housing upgrade framework

Installers framework open to contractors of all sizes
23 hours ago

Major contractors warned again over late payment work ban

Poor payers could lose out on government contracts from September
1 day ago

Cappagh buys trenchless specialist AWL

Revenue at Cappagh companies tops £100m
1 day ago

Winvic nets 935,000 sq ft M5 business park

St Modwen gives thumbs up to first three spec units at Gloucester business park
1 day ago

New consulting outfit lands first major contracts

Straightline Consulting bags deals with Mace and Ellmer
1 day ago

Sisk bags 10th Wembley Park job for Quintain

458 homes project is the final piece of the Eastern Quarter
2 days ago

Green light for £40m Little Hadham Bypass

Graham Construction in the frame for road job
2 days ago

Boost your online presence – join the Enquirer Directory

New site for suppliers and buyers showcases products, services and latest stories
1 year ago

Esh Group operations boss exits

John Davies leaves after nearly 30 years at Durham-based group
2 days ago

Housing association buys house builder to boost construction

Vivid buys Bargate Homes to boost its building programme
2 days ago

HS2 clocks up 9,000 jobs milestone

Thousands of jobs being supported as 250 sites now active in enabling phase
2 days ago

Winners revealed on £500m North Wales framework

Eighteen contractors secure places on North Wales Construction Partnership
2 days ago

Industry hopes rise for more flexible post-Brexit immigration rules

£30,000 salary minimum for "low-skilled" workers could be scrapped
3 days ago

Contract race underway for £500m Tottenham Hale scheme

Developer Argent Related unveils plans with construction set to start in October
3 days ago

Work starts on £1bn Ford Dagenham regeneration

Phase one of Beam Park will see 640 homes and a new railway station
2 days ago

Crossrail delay speeds-up construction above station

Mace benefits from not having to build above a live station at Bond Street
3 days ago

British Steel goes into liquidation

Official Receiver now in charge and vows to continue supplying customers
3 days ago

Facade specialist Face ceases trading

Specialist folds during major retrofit contract at Brentford student scheme
3 days ago

Crest Nicholson raids Linden Homes for new chief

Linden Homes former divisional chairman Tom Nicholson starts next week
3 days ago

Kier wins £20m Sheffield Park Hill student scheme

Flats at iconic estate will be converted into 356 student homes
4 days ago

Site inductions to contain modern slavery warnings

How to spot labour exploitation now explained alongside traditional health and safety briefing
4 days ago

Plastic road built on new housing development

Springfield Properties recycles waste plastic to help build new road
4 days ago

Galliford Try confirms 350 construction job cuts

Slimmed-down division to focus on building,water and highways
4 days ago

Dawnus went down owing supply chain more than £40m

Subcontractors left in the lurch again following latest collapse
4 days ago

Interserve benched on £1bn Welsh framework

SEWSCAP 3 deal: Details of latest winners
5 days ago

BAM Nuttall profit hits 10-year high

Operating margin back to 3% as profit tops £26m
5 days ago

Diversification shields Keltbray from demolition slowdown

Contractor looking at new markets as core commercial workloads fall
4 days ago

Robertson lures property boss from Henry Boot

Nick Harris joins from one of contractor's biggest clients
5 days ago

Esh gears up for £36m Sunderland road job

Esh mobilises to start phase 3 of city strategic corridor
5 days ago

Contractor services