The CEO of AIM-listed Restore plc is to leave the role.
Charles Skinner led London-headquartered Restore for a decade from 2009, retiring in 2019, but returned to the company as CEO in 2023. At the end of the year he will step aside once more and take up the role of non-executive chair.
He will be succeeded as CEO by Dan Baker, who has served as CFO since 2023.
Restore, a provider of information and data management, business digitisation and recycling services to businesses, has made 64 acquisitions since 2011.
Indeed last year Bloomsbury published Skinner’s book Buy, Run, Build – A Guide to Entrepreneurship through Acquisition.
Jamie Hopkins, who has served as chair since 2023, will become senior independent director, succeeding Patrick Butcher, while the company has commenced a search for Baker’s successor.
“Having successfully refocused the Group and achieved our targets set in 2023, I believe now is the right time to transition to a new leadership structure,” said Skinner.
“Dan has played an instrumental role in executing our strategy and strengthening our operational and financial performance and, as chair, I look forward to continuing to work with him.
“On behalf of the board, I would like to thank Jamie for his stewardship as chair over the past three years and look forward to his continued contribution to the board.”
The firm also reported its half-year results this morning.
For the six months ended 30th June 2026, revenue was up 21% to £175.4 million, “driven by both organic and inorganic growth in broadly equal proportions”. Profit before tax climbed 28% to £7.4m.
“The group made strong progress during the first half, with healthy organic revenue growth alongside the benefits of the successful integration of our recent acquisitions,” said Skinner.
“The combination of recurring revenues, strong operating margins and predictable strong cash generation, combined with our organic growth opportunities, provides an excellent platform for delivering further shareholder value.
“We are well positioned to continue to deliver both organic and inorganic revenue and profit growth.
“With all divisions performing in line with or above our expectations, the Board remains confident that the group will deliver adjusted profit before tax for the full year at least in line with market expectations.”
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