Modular builder axes senior executive

Modular firm Eco Buildings Group plc has announced the sacking of its executive vice chairman Dominic Redfern “for cause”.

Redfern had been suspended since 22 December last year pending further investigation by the company.

The decision to dismiss him “aligns with our commitment to upholding the highest standards of conduct within our organisation”, Eco Buildings noted in a statement to the London Stock Exchange (LSE) on 18 January.

Construction News approached Eco Buildings for further comment.

In the same statement, the AIM-listed firm announced that its chairman was retiring. Andrew Allner was chairman of Fox Marble Holdings plc from 2011 until that firm acquired Eco Buildings Group in 2022 for £30m in a reverse takeover.

Other construction-related roles currently held by Allner include non-executive chairmanships of Shepherd Building Group plc and SIG plc.

Don Nicolson will succeed Allner at Eco Buildings. The two will work together on an interim basis until a handover period ends in late February.

The firm described Nicolson as a “senior business leader with 40 years’ experience in a range of sectors, both in the UK and internationally”. His previous roles included senior positions in a 26-year career at BP.

Eco Buildings Group has a market capitalisation of £9.98m and has been listed on the LSE since August 2012.

Its official headquarters are in London and Eco Buildings has a manufacturing and licence agreement in place with a UK-based residential modular startup called North Eco. Under the terms of the agreement, Eco Buildings receives 30 per cent of the gross receipts of each unit sold by North Eco.

However, the firm’s activities are primarily in the Balkans, especially in Albania, where it has built a 2,440 square metre manufacturing facility in Durrës for its glass fibre-reinforced gypsum products. The factory produced its first wall (pictured) last December and Eco Buildings Group expects to enter full-scale commercial production there in the first quarter of this year.

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