Developer Urban Splash has lost long-serving directors Nick Johnson and Guy Jackson
More from: 'Pioneer' Nick Johnson leaves Urban Splash
Both leave the Manchester-based company just months after it posted pre-tax losses of £9.3 million and debts of £234.4 million in its latest accounts (see Urban Splash battles in choppy waters).
Speaking of his departure, Johnson said: ‘The last 15 years with Urban Splash have been an amazing adventure. We completed some truly original projects and I was privileged to work with – and have the support of – a number of very talented people. However the right time has come for me to do something fresh.’
Described by Bloxham as a ‘true pioneer’, Johnson is understood to be ‘pursuing new projects’.
Urban Splash has now promoted directors Simon Gawthorpe and Julian Curnuck to become joint chief operating officers and will join chair Tom Bloxham and fellow directors Jonathan Falkingham and Nathan Cornish on its board.
A slightly slimmed down main board is right for us moving forward
Bloxham said: ‘It has been a fantastic and challenging journey since we established Urban Splash nearly two decades ago. The most recent years have been a learning curve for all of us and I feel that a slightly slimmed down main board is right for us moving forward.
‘It also presents an opportunity for some of the very bright, younger talent within the business to play a bigger role in its future.’
He added: ‘I’ve really enjoyed working with Nick and Guy and they leave on great terms with my very best wishes. I’m confident that we’ll also find ways of working together in the future.
‘Nick and I have known each other and worked together for more than 20 years. We were there right at the start when ‘urban’ was a dirty word.
‘Together with the rest of the team we crafted a company that became a leader in its field and probably the first ever ‘branded’ property company. Nick was an integral part of that and is a true pioneer.’
Jackson added: “I’ve had a great eight years at Urban Splash, it’s been an amazing journey but the time has come for me to take up a new challenge. I’ve thoroughly enjoyed working with Tom, the Directors and the great staff at Splash. We’ve had great support from our supply chain and I’ve loved working with some of the country’s best designers. The legacy of what’s been achieved at Urban Splash by my team is clear to see and its an honour to see schemes we’ve worked on quickly becoming iconic buildings across the country.”