Modular builder ilke Homes hires Deliveroo chief to drive profit push

Grant Prior 1 year ago
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Modular house builder ilke Homes has appointed a chief operating officer (COO) to try and make the business profitable following a £100m fundraising round.

David Scott has held senior roles at two FTSE-listed businesses – Tesco and Deliveroo – where he was responsible for scaling up operations and driving efficiencies.

His most recent role was COO of online fashion business Thread which went into administration late last year.

At ilke Homes Scott will be responsible for “driving the business towards achieving a profit” as it looks to ramp up its annual output to 4,000 homes a year.

This will include achieving economies of scale across ilke Homes’ manufacturing cycle, which will bring down the costs of creating a home.

The modular specialist has seen revenue grow by over 150% year-on-year, but has still to report a profit, running up aggregated losses of £107m since being set up in 2017.

The firm is now delivering over 1,000 homes a year and has secured a pipeline of over 4,000 homes.

Giles Carter, CEO at ilke Homes, said: “Bringing someone of David’s calibre and capabilities to ilke Homes will help us progress with our long-term strategic vision of growth. The cross-sectoral expertise that our leadership team boasts means we are able to tap into the efficiencies of manufacturing and digital to realise our ambition to become a top 10 house builder.”

Scott added: “Modular housing is a tremendously exciting sector to be in right now, and ilke Homes’ leading position makes my role all the more compelling.

“House building, and the techniques used to build homes, has remained unchanged for much of the last century. ilke Homes is pioneering a solution that will not only bring much needed additionality to the sector, but also ensure that our housing stock is fit for a net-zero future.”

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