PRS Group announces new board

PRS Group, the new force in the residential rented property sector, has recruited a number of industry experts to its new board as it seeks to consolidate and strengthen its operations in the private rented sector in the UK.

The Dundee based group, which is owned by Graeme and Leanne Carling, has ambitions to increase its private rental properties by 5,000, building on its existing substantial portfolio of 350 rental properties. It is currently considering in excess of £200m worth of new business opportunities.

The new board members, headed up by the couple themselves, have been carefully selected to offer industry expertise at a time when the business is seeing a surge of private landlords approaching them due to the challenging market conditions brought about by the new tax and regulatory changes in the private rented sector.

Syd Fudge OBE has joined the Board as Non-Executive Group Chairman. With over 40 years’ experience in the oil and gas sector including time spent with British Steel, he was awarded an OBE for services to the oil and gas industry in Scotland. He has considerable experience in establishing new organisations and in the role of managing director.

Syd is joined by owner Graeme Carling, who is also founder and owner of Scotland’s largest private residential landlord, Carling Property Group. Graeme has over ten years’ experience in consolidating an extremely fragmented industry, with extensive experience in raising finance, acquisitions, transactions, rapid growth and sales. Graeme is joined by his wife Leanne, who as an experienced company director and business owner herself, has also demonstrated significant success over the years in acquisitions, finance, profit improvements, consolidation, roll ups and business sales.

Gordon Fowlis, has joined the Board as Acquisitions Director. He brings to the Board over 30 years’ experience in managing acquisitions, most recently with Your Move, a leading UK estate agent. An effective change manager, he has overseen the successful integration of acquisitions with existing business operations numerous times. He also has a valuable knowledge of industry operators looking to sell. Gordon is joined by Chris Arnold, an experienced commercial lawyer, joining the Board as non-executive director. He is a former partner of two major Scottish law firms in which he led significant transactions in the public and private sector.

Laure Duhot, an expert in the private rented sector, has been advising the board on its strategy. Laure has more than 20 years of experience at senior executive level in the property sector including time with Grainger PLC, leading over £16 billion worth of transactions. Laure also has prior professional experience in private equity, project finance and investment banking.

PRS Group CEO Graeme Carling commented: “This is an extremely exciting time for PRS Group as we look to take advantage of the opportunities the market is offering us with an extremely talented and experienced management board. We are delighted to welcome all our new board members who I know in their own unique ways will each bring their own insights and expertise to the team from their collective decades of experience. I have no doubt they will be instrumental in helping us deliver on our ambitious expansion plans.”