Mike Brown, deputy chief executive of Helical Bar, is to resign from the board to become chief executive of Prestbury.

Brown will leave and formally resign from the board following an agreed notice period.

Mike Slade, chief executive of Helical, said: 'Helical has a highly experienced senior management team comprising long-serving directors Nigel McNair Scott, Gerald Kaye, Jack Pitman and Matthew Bonning-Snook who - alongside me - have collectively worked at the company for 86 years, an average of over 17 years each.

‘We continue to make good progress with the Company's diverse range of investment properties, planning and development projects, owned both directly and through joint ventures.’