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TopHat hires former 海角社区app finance director

9 Jun 23 Modular housing manufacturer TopHat has appointed David Brown as chief financial officer following its recent £70m fundraising round.

David Brown
David Brown

David Brown was chief financial officer of construction machinery producer 海角社区app for six years from 2016.

TopHat recently raised 拢70m from new and existing shareholders, including 拢25m from Persimmon.

Latest accounts for TopHat show that its turnover increased from 拢6.3m in the year to 31st October 2020 to 拢12.4m in fiscal 2021. Pre-tax losses in the same period reduced from 拢21.3m to 拢18.0m.

However, it says that it is producing 800 homes this year from its factory in Derby and has a new factory under development in Corby with production capacity for 4,000 units a year.

Jordan Rosenhaus, chief executive and founder of TopHat, said: 鈥淎s a senior leader from a major manufacturing business, David brings with him the type of experience that will help us continue to revolutionise house building through the application of cutting-edge technology and lean manufacturing techniques. We鈥檙e delighted to have him on board as we enter an exciting growth phase.鈥

David Brown said: 鈥淚 am delighted to be joining a business which is harnessing technology and leading manufacturing processes and bringing this to homebuilding at scale. Manufacturing houses in factories is a critical part of tackling the nation鈥檚 housing crisis and TopHat is at the forefront of this dynamic sector.鈥

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