NG Bailey chief to step down

Grant Prior 5 months ago
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NG Bailey Chief Executive Officer David Hurcomb has announced his retirement after 14 years at the helm.

David Hurcomb has led the business for 14 years
David Hurcomb has led the business for 14 years

Hurcomb will retire in May and be replaced by Jonathan Stockton who joined NG Bailey in 2016 and has held several senior roles including Chief Financial Officer and Chief Operating Officer.

Hurcomb said: “It has been a huge honour to have played my part during my time as Chief Executive in the ongoing success of what is a truly fantastic family-owned business.

“I am immensely proud of the many remarkable highlights and achievements there have been over the years, and it has been a pleasure to have worked with so many talented colleagues.

“Whilst we have faced undoubted challenges along the way, including Covid-19 and challenging wider market conditions in more recent times, I am delighted that the business is well on its way to pre-pandemic levels of performance.

“Indeed, early indications show an increase in turnover and expected double-digit profit figure for the 2023/4 financial year. Alongside this, our well diversified portfolio means we have a healthy £1.4bn forward order book, with strong growth in sustainable markets.

 “Looking ahead, I am certain we will further develop and innovate across our engineering and services divisions, ensuring we continue to make a positive impact in the key sectors we operate in and through the vital UK infrastructure projects we deliver.  

Jonathan Stockton

Stockton added: “I am very much looking forward to my new appointment and taking on the position of Chief Executive Officer, working with the Board, shareholders and senior leadership teams to lead the business through its next chapter.

 “I would like to thank David for his ongoing support, and I wish him a much deserved, long and happy retirement.”

Latest results for the firm showed a pre-tax loss of £25m from a turnover of £532m for the year ending 3 March 2023.

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