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PXS appoints John Parker as managing director

John Parker has been appointed as managing director of property company PXS Limited.

Instrumental in designing and developing the company&#39s 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.

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Guide: how to… communicate with your pension members

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