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Associations & Bodies

Propertymark finance chief resigns

Kate Hawkins is the fifth senior Propertymark figure to leave the industry organisation in 18 months.

Nigel Lewis

kate hawkins

The flurry of departures from Propertymark continues with the exit of finance chief Kate Hawkins who, a statement released last night says, is ‘leaving to seek other opportunities’.

Hawkins joined the organisations in September 2018 following a career in food and educational businesses.

Propertymark says she is currently working her notice and ‘will ensure a smooth transition’.

Link to Nathan Emerson's CommentNathan Emerson (pictured), its recently-appointed interim CEO says: “We are very sad to see Kate go but understand she is ready for her next challenge. “She has been a really valuable member of the Senior Management Team at Propertymark and will be much missed by her colleagues. She has streamlined lots of our processes and leaves behind a strong team.”

This streamlining is likely to include the discovery that it had mistakenly under-reported its VAT tax liability, as revealed within its most recent account published in July last year.

Although Emerson also thanks Hawkins for her ‘huge contribution’ to the organisation, it comes at an awkward time.

It has now lost five of its senior team over the past 18 months including, as well as Hawkins – David Cox, Chris Hamer, Tim Balcon and Kirsty Finney.

Non-exec departure

Propertymark has also revealed that non-exec director Helen Herniman has resigned from her position on its board, and that it is looking for two new non-execs, one to replace Herniman, and the other to replace Nicky Heathcote, who stepped up to be interim Executive Chair after Hamer departed.

“We are interested in people from all different backgrounds to fill these important roles.  The recruitment process will take place via the NedonBoard platform shortly, with the aim to have both in post by June 2021,” says Propertymark’s statement.

March 9, 2021

One comment

  1. Is Propertymark fit for RoPA and fit for purpose? In its annual accounts 2019, it states. ‘The Finance department has undergone a major review of its processes, systems and procedures. As part of gaining that financial stability we have identified that our tax position was not properly ordered and that has led to a significant payment to HM Revenue and Customs of outstanding VAT which has arisen through misdefinition of our liabilities and exemptions over a number of years.’
    How can Properymark be an organisation that helps agents ‘regulate’ themselves, teaches agents to be financially compident, and be the choice for ‘government’ as the driving force for any changes in statutes. VAT fraud can mean a custodial sentence, fine and often directors are struck off; as well as HMRC in the future taking a particular interest in companies who ‘forgot to pay the VAT’. Who was at the helm, who knew, how much was underpaid, was there a fine? Members want answers today.

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