Hurcomb said: “As we move firmly back into growth mode the role of our CFO is of paramount importance.

“Mike brings with him a wealth of expertise and I have no doubt he will be an asset both to the executive team and the rest of the business.”

Prior to joining Shepherd six years ago, Porter held senior positions for companies including United Utilities and PricewaterhouseCoopers.

He said: “I am joining the business at a time when it is well positioned for growth and I look forward to helping create tangible and measurable improvements that will build on NG Bailey’s already very strong market leading position.”