John Parker has been appointed as managing director of property company PXS Limited.
Instrumental in designing and developing the company's services, Parker has worked for the company for five years, originally joining PXS in 1998 for a three month contract.
PXS will buy almost any residential property anywhere in the UK to free up a purchaser who is otherwise dependent on selling, in order for them to purchase as quickly as they need either from a new house builder or if involved in a chain.
By paying less than market value for the property and once having agreed to purchase, the property is placed back on the market to resell.
It sells at a price which covers all its costs and leaves a residual profit. If a larger than anticipated profit occurs, there is often a surplus paid back to the former owner.