Purplebricks strengthens board with business restructuring expert

Nick Pike will work with CFO Dominique Highfield as Purplebricks merges with Strike after the £1 buyout.

Purplebricks Nick Pike

Purplebricks and its new owner Strike has bolstered the board with an experienced ‘restructuring specialist’.

Dominique Highfield, CFO, Purplebricks

Nick Pike (main picture) will work with existing CFO Dominique Highfield, providing additional experience in business transfers and company dissolutions.

Highfield was the only senior manager to stay on after Purplebricks was purchased for £1 by rival Strike in May.

Stepped down

The board at Purplebricks, including Chairman Paul Pindar and CEO Helena Marston stood down under the terms of the Strike deal.

The company was put up for sale in February after admitting all other survival strategies had been exhausted.

The two businesses will run separately to begin with, but the plan is to merge both businesses under the ‘Purplebricks‘ name so the Strike brand will eventually disappear.

Shareholders also agreed that the agency will leave the AIM market on 15 June and become a private company.

Specialist

Pike is a restructuring specialist with 30 years’ experience in the sector.

A qualified solicitor, he has worked as a partner in three UK firms: DLA Piper, Lawrence Graham (where he headed the Banking team) and Pinsent Masons (where he led the restructuring team).

He retired from legal practice in October 2020 and now undertakes advisory roles. At present, he is a council member of the Association of Business Recovery Professionals, and is chair of the disciplinary committee of the Insolvency Practitioners’ Association.

Purplebricks appoints new CFO to tackle financial woes


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