Contractor confirms managing director Nicholas Brown has stepped down as a director following CMA ruling

Profit at Brown & Mason Group rebounded last year, the firm has said in its latest report and accounts filed at Companies House.

The demolition contractor saw pre-tax profit jump from 拢518,000 in 2023 to 拢2.8m in the year to April 2024. Turnover was down 10% to 拢45m.

It said: 鈥淢anagement continues to take decisive action to manage and adapt to an ever-changing situation and have delivered operational efficiencies which place the business on strong footings that ensure it is well-positioned to capitalise on future opportunities.鈥�

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Brown & Mason saw pre-tax profit jump last year to 拢2.8m

The firm was one of 10 demolition contractors fined in 2023 by the Competition and Markets Authority (CMA) following its probe into bid-rigging in the sector.

It was hit with a 拢2.4m penalty and in May 2023, Nicholas Brown, managing director of the Brown & Mason Group, and before managing director of Brown & Mason for five years until it went into administration in September 2020, was disqualified by the CMA from being a director for seven years.

In its accounts, the firm confirmed that Brown had resigned from the board last July to comply with the CMA鈥檚 ruling, known as a competition disqualification undertaking (CDU). It said Brown continued to be employed by the company 鈥渋n an advisory and supporting role, subject to strict compliance with the terms of the CDU鈥�.

Brown, who last February lost a High Court bid to remain as a director, will not be permitted to act as a director or participate in the management of any company until 29 July 2030.

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