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Meet Bancon’s new big-hitter

Andrew Tweedie
Andrew Tweedie

North-east construction firm Bancon Group has hired a financial big-hitter to help propel it to further growth after improved trading in the year to March 31.

Andrew Tweedie will join Banchory-based Bancon on October 2.

Mr Tweedie qualified with Deloitte and then spent 10 years with logistics company John Menzies, where he held senior commercial and finance roles at divisional and group levels.

He later worked for Westhill-based Stewart Milne Group, where he held the position of group head of finance.

Mr Tweedie replaces Allan Clow who has taken up the role of managing director of Bancon’s homes business.

Despite the ongoing challenging market conditions in the north-east, Bancon said its homes division delivered a strong performance ahead of expectations in 2016-17.

The housebuilding division also launched two new developments in the financial year at Oaklands, Banchory and Monument View, Inverurie. Bancon Group posted operating profits of £300,000, against losses of £2.2million for the 16 months to March 2016, as a result of improved trading and cost efficiencies following a restructuring.

Turnover halved to £55million in the latest period, reflecting a change in the company’s financial year and a reduction in construction business following a decision to focus on more profitable activities.

Chief executive John Irvine said: “Our recent results demonstrated that the group’s strategy has been successful and is now starting to bear fruit.

“All businesses in the group have a much stronger forward sales position than this time last year, giving us confidence in our long-term strategy and setting us up for much improved results in the current year.”