BusinessCompany NewsFirst CFO for FreshStart Living as float beckons

First CFO for FreshStart Living as float beckons

Oliver Lightowlers leaves Spice for a fresh start at FreshStart

A FIRST CFO has been appointed at affordable housing provider FreshStart Living, as it prepares for flotation this year.

Oliver Lightowlers joins from outsourced support services firm Spice plc, which he helped float on AIM in 2008.

He is a fellow of the Chartered Institute of Accountants having begun his career and qualified with Coopers & Lybrand in 1998.

As group finance director of Spice, Lightowlers oversaw significant growth in revenues and operating profits over the period between 2002 and 2011, from £44m and £1m to £305m and £30m respectively.

Founded in 2009, FreshStart renovates buildings before selling them on to investor landlords for use as affordable housing for tenants. It has residential and student accommodation arrangements in Manchester, Liverpool, Salford, Stockport, Nottingham, Bradford and Greenock, Scotland.

Currently, FreshStart is on course to sell approximately 2,000 units during its 2012 financial year and has amassed a £60m gross development value (GDV) base in the north of England, the Midlands and Scotland.

Freshstart’s newly-appointed chief executive, Charlie Cunningham said: “I am pleased that Oliver has joined FreshStart as its first chief financial officer. He has a strong and impressive history and brings significant experience of financial management and leadership. Oliver’s experience and insight will assist me in driving forward the performance of the business.”

Cunningham joined in preparation for the firm’s flotation on AIM later this year.

Related Articles

KPMG top dog in AIM market by client numbers, latest Adviser Rankings reveal

Accounting Firms KPMG top dog in AIM market by client numbers, latest Adviser Rankings reveal

2y Chris Warmoll, Writer
KPMG stays top dog in auditor ranking stakes

Accounting Firms KPMG stays top dog in auditor ranking stakes

3y Chris Warmoll, Writer
BDO picks up audit of Vimto makers Nichols

Accounting Firms BDO picks up audit of Vimto makers Nichols

3y Richard Crump, Writer
PwC: RSA's problems limited to Irish operation

Audit PwC: RSA's problems limited to Irish operation

4y Kevin Reed, Writer
Debenhams CFO departs as tough trading hits home

Company News Debenhams CFO departs as tough trading hits home

4y Kevin Reed, Writer
PwC called in as Ebola-hit London Mining collapses

Accounting Firms PwC called in as Ebola-hit London Mining collapses

3y Richard Crump, Writer
PwC administrators called to listed pawnbroker

Business Recovery PwC administrators called to listed pawnbroker

4y Rachael Singh, Writer
Ex-Sage CEO & FD joins Wandisco as chairman

Company News Ex-Sage CEO & FD joins Wandisco as chairman

4y Rachael Singh, Writer