Mount Anvil finance director Katie Rogers has left the business after less than two months in the job.
Rogers joined the developer and contractor in May, after an 11-year stint at Telford Homes, but has now left following differences in “culture and focus”. It comes as the company posted a 59 percent rise in pre-tax profits.
In a statement shared by Mount Anvil on LinkedIn, Rogers said: “Mount Anvil is a high performing business with great people and great fundamentals.
“Their culture and approach are unique and different, and at this point in my career making that transition is not for me. I will be working as an advisor at Mount Anvil supporting the transition until I begin my new challenge.”
The company said that “I wish[es] Katie all the best for the future,” adding that its finance developer Alastair Agnew had been appointed as the new finance director. Meanwhile, Rogers will become chief financial officer of Greencore Homes later this year.
In financial accounts published last week, Mount Anvil, which specializes in working with housing associations and councils regenerating London estates, made a pre-tax profit of £6.3m for the year until the end of December 2022.
Mount Anvil said it had “remained largely unaffected by Brexit or the war in Ukraine… including labor supply and cost inflation”. Group turnover, including joint ventures (JVs), rose 22 per cent to £246m.
Excluding joint ventures, the company’s turnover rose 25 per cent to £171m. Of this, 86 per cent came from Mount Anvil’s design and build contracting arm, with the remainder from property development.
The company delivered 386 homes a year through JVs last year, down 13% on the previous year’s figure of 442. However, the group said demand for London property and its homes remained strong. Of the 386 homes, he said 208 were affordable homes and 178 were for private sale.
In February, Kensington and Chelsea Council chose Mount Anvil as a development partner for a scheme in Chelsea. It is also working with Peabody-owned housing association Catalyst on a 1,228-home regeneration project in west London.
Mount Anvil said its results were boosted by a “significant number of homes completed” at its Royal Eden Docks scheme, a 796-home joint venture with ExCeL London near the city’s airport.
Elsewhere in its accounts, Mount Anvil revealed its provision for remedial works on legacy schemes stood at £15.3m, compared to its restated 2021 figure of £12.2m . The company said it recorded an additional provision due to “further review of legacy schemes”.
