David Phillips announces strong growth and leadership transition

David Phillips reports strong growth and a change in leadership, as Nick Gill hands over to a new CEO.

Osney Lane student accommodation, furnished by David Phillips | PBSA News
Osney Lane student accommodation, furnished by David Phillips.

Leading provider in the purpose-built student accommodation (PBSA) sector – David Phillips – reports significant growth in 2023, with the company achieving a 20% increase in year-on-year sales revenue and a secure 8.5% net profit.

The company’s impressive financial performance has set the stage for the largest pipeline in the Group’s history, positioning David Phillips for continued accelerated growth in the coming years.

Leadership transition

After 19 years of dedicated service, Nick Gill will be departing from David Phillips. His departure comes at a time of substantial momentum, highlighted by the company’s robust 2023 performance. Last year, David Phillips delivered 75,000 student mattresses alone and fitted out 2,000 PBSA units.

Under Nick’s leadership, David Phillips evolved from a local operation in 2005 to the market-leading provider of residential furniture for the UK property and real estate sector.

Nick also successfully established international operations in Australia, Asia and the UAE. His resilience and determination guided the business through a successful turnaround between 2017 to 2019 and navigated the challenges of the Covid-19 pandemic.

Over the coming weeks, Nick is supporting the handover of responsibilities to ensure a seamless transition of relationships and key projects. David Phillips extends its heartfelt thanks to Nick for his invaluable contributions.

New appointment

David Phillips is excited to announce that Ben Munn will be joining the company as its new CEO. Ben brings extensive experience from JLL, where he served as the Global Managing Director for JLL Flex – a business line he founded in 2019.

With a well-established career in commercial real estate and technology, including senior leadership roles at CBRE, IWG and The Instant Group, Ben’s expertise will be instrumental in accelerating the company’s momentum, driving growth and transforming the way the business supports its clients in the Living Sector.

Looking forward

David Phillips is poised for a bright future, and the company looks forward to continuing its journey of growth and success under Ben’s guidance. Find out more about how David Phillips can support you.