The demerger of Stepnell sees brothers Tom and Edward Wakeford take over one part of the business and their cousins Mark and Richard Wakeford, also brothers, take over the other.
The Stepnell Construction business will continue operations under the management of Tom Wakeford as managing director. Property director Edward Wakeford will continue to manage the group property investment and development portfolio.
Meanwhile, Mark and Richard Wakeford will continue to be involved in the oversight of Evoenergy, Brackley Investments, Whitecross PFI contract and Aspen Retirement. Mark and Richard will remain involved within the construction industry, the family said.
Tom Wakeford said: “This is a totally amicable arran
…. to be continued
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