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Former Barratt executive joins 30,000-home landlord
Karbon Homes has appointed a former Barratt and Persimmon executive to its top team as it aims to build 500 homes a year.
Scott Martin, who spent 10 years at house builder Barratt, will take up the role of executive director of resources at the Newcastle-based landlord on 3 February.
He takes the reins from Greg van Enk-Bones, who took the job on an interim basis in June after previous incumbent, Mark Reid, left the group.
Karbon, which owns around 30,000 homes and formed in 2017 after the merger of three North East-based associations, said Mr Reid was leaving to “seek a new challenge”. A spokesperson added he left with the group’s “thanks and best wishes”.
Mr Martin is joining the association from Carlisle-based property developer Story Homes, where he has been finance director for the past year.
Prior to that, he spent two years as managing director for Barratt’s North East division and eight years as finance boss of the unit.
He also spent two years as an accountant at Persimmon and eight years at KPMG before that.
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In late 2018, Karbon raised £250m in bond finance to help its plans to develop 500 homes a year.
As part of the executive team, Mr Martin will be responsible for finance, information and communications technology, treasury management, and people and organisation development. He will report to Paul Fiddaman, chief executive of Karbon.
Mr Fiddaman said: “Scott will be joining Karbon at a very exciting time. Following our recent bond financing and our ambitious commitment to new homes development, there are some exciting challenges ahead.”
In its last full financial year, Karbon reported a 73% slide in group pre-tax surplus to £6m, despite a rise in turnover. The landlord lost £8.8m on the revaluation of investment properties, while interest payments also increased.
