LSL Property Services has appointed David Tilak as its new Chief Financial Officer and Executive Board Director as the group looks to accelerate its financial transformation and deliver on its growth ambitions for 2026 and beyond.
Tilak (main picture) will join LSL on 12 January 2026 from Serco Group PLC, where he currently serves as Group Finance Director, overseeing operational performance, fiscal controls, and internal and external reporting.
According to the company his appointment follows a “rigorous and extensive search process”.
LSL is one of the largest providers of services to mortgage intermediaries and franchised estate agencies.
DISTRIBUTION
PRIMIS is one of the UK’s largest mortgage and insurance networks and together with the distribution introduced by independent brokers to The Mortgage Alliance, TMA, the Division has a mortgage market share of one in nine UK purchases and remortgages.
The Division also includes the Group’s joint venture investment, Pivotal Growth, established in 2021 with Pollen Street Capital to execute a ‘buy and build’ strategy of mortgage brokers. Since formation it has acquired 17 firms and now has more than 500 mortgage advisers.
NEXT GROWTH PHASE
With more than 25 years’ experience in senior financial and operational roles, Tilak has held leadership positions at General Electric and Imperial Brands PLC, where he spent six years and rose to Group Finance Director.
LSL said his track record of driving transformation and strategic investment across complex international businesses would play a key role in shaping the company’s next phase of growth.
SHARP FOCUS
Adrian Collins, Chair of LSL, said: “LSL’s potential as a leading property services group is clear and the Board and senior management are charged with delivering on that potential.
“David’s appointment comes after a rigorous and extensive search process, and will help bring a sharp focus to the financial aspects of the Group reinvigoration which we have underway.”
Adam Castleton, Chief Executive Officer, added: “David’s extensive experience and proven capabilities make him a strong fit for LSL as we focus on driving our business forwards and leveraging our collective strengths to drive growth, profits and shareholder value. We look forward to working with him.
“I would like to thank David Wolffe, who has been fulfilling the role of interim CFO, for his contribution to LSL. He will continue in the business for a handover period.”
FINANCIAL STRATEGY
Taking to LinkedIn, Tilak said: “I am pleased to share that I will be joining LSL Property Services plc as Group Chief Financial Officer in January.
“I’m looking forward to contributing to the company’s continued success by leveraging my experience to help shape and drive the Group’s financial strategy, support sustainable growth, and work closely with the leadership team and colleagues across the business.
“I am genuinely excited by the opportunities ahead and this new chapter.”
STRATEGIC REVIEW
Tilak’s appointment comes as LSL continues to reshape its operations following a period of strategic review and repositioning, with the group aiming to strengthen financial discipline and expand its footprint in the UK property services market.
SURVEYS AND VALUATION
LSL is a big provider of surveyor-led valuations to UK mortgage lenders. It also provides a growing number of surveying and valuation services to consumers.
It is one of the UK’s biggest employers of Royal Institution of Chartered Surveyors (RICS) registered surveyors, with 469 (FTE) surveyors, and counts five of the top six UK lenders amongst its clients. The Division includes e.surv as well as Walker Fraser Steele Chartered Surveyors, which services the Scottish market.
ESTATE AGENTS
LSL is also one of the UK’s largest providers of estate agency franchise services including brand marketing and commercial and IT support, to a network of 62 franchisees which operate over 310 territories across the UK.
Brands include Your Move, Reeds Rains, Davis Tate, Frosts, Goodfellows, Hawes & Co, Intercounty, JNP, Lawlors and Thomas Morris.
