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Shares in Alumasc Group PLC tumbled on Friday, after the company said it has suspended Pamela Bingham as chief executive pending an investigation into her ‘professional conduct’. The Northamptonshire-based supplier of building products for water and energy management also provided a trading update, reporting ‘continued delays in order book and pipeline conversion’ amid the US-Iran war and political uncertainty in the UK. Alumasc shares were down 7.1% to 213.75 pence following the announcement. They are down 38% over the past 12 months. The company has a market capitalisation of £77 million. Non-Executive Chair Vijay Thakrar has taken on the role of executive chair on an interim basis while the company conducts a full investigation of CEO Bingham with its external advisers. Alumasc provided no other detail about the ‘matters’ being investigated. Separately, Alumasc said revenue is estimated to have fallen to around £107 million for the financial year that ended June 30 from £113 million in financial 2025 and underlying pretax profit to about £10 million from £14 million. This reflects continued ‘continued delays in order book and pipeline conversion’ amid ‘strengthening demand headwinds’. By division, Housebuilding Products revenue rose by around 16% and Building Envelope revenue was flat, but Water Management revenue fell by around 16%, or by 3% when excluding revenue from the CLK airport project in Hong Kong in the financial 2025 comparison year. Alumasc said it ended financial 2026 with an order book 49% above a year earlier. Chair Thakrar said the results were in line with Alumasc’s third-quarter trading update, despite the rising market headwinds, thanks to ‘self-help initiatives around operational efficiencies’. The company will release its full annual results in September. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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