Bancon Group has appointed Allan Clow as managing director of its homes business. Mr Clow was previously finance director for the group.
Bancon Homes is set to double the number of homes sold in the coming year. Last financial year the independent housebuilder achieved sales of 54 units with a turnover of around £18million.
Sales have exceeded expectations with developments at Aboyne, Drumoak and Aspire in Aberdeen’s city centre sold out and recently-launched developments including Den at Milltimber, Oaklands in Banchory and Monument View in Inverurie selling well.
Bancon Group chief executive officer, John Irvine, said “I am delighted to make such a strong appointment to this important role. Allan has accumulated significant sector experience and has already made a positive impact on the homes business.
“Bancon Homes is set to expand on our current robust position and I am confident that Allan will be instrumental in that growth, providing strong leadership to the team. We are now recruiting a new Group Finance Director and will announce a strong successor in the next few months”.
Mr Clow joined Bancon from CHAP Holdings in 2015, where he also held the role of group finance director.
Prior to this, he worked in similar roles for Superglass Holdings Plc and Havelock Europa Plc.
Commenting on his appointment, Mr Clow said: “Bancon Homes is well known for high quality craftsmanship and their range of developments. It is an exciting time to be picking up the reins and I’m looking forward to the challenge of leading a business with so much potential through its quality products, exceptional landbank and strong team to achieve our growth aspirations.”