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Secora (LSE:SECO) is holding company and listed in the specialist financials sector on the Alternative Investment Market (AIM).

The company focuses on the development of consumer lifestyle brands in the entertainment, leisure, fashion and health & beauty sectors, all of which benefit from traditional and online distribution channels.

Horner, 45, qualified as a chartered accountant with KPMG in 1987 and has worked with Richard Thompson, the chief executive of Secora, since 1988.

He assisted Thompson in the purchase of the Jaeger and Viyella businesses from Coats Viyella in 2003, realising a significant profit from the subsequent sale of the businesses.

He also supported him in negotiations to take a majority investment in Mackintosh Raincoats, which was also sold profitably in 2007.

Horner has previous experience as a finance director of several public companies. He will be responsible for the financial records of the company and will be appointed to the remuneration committee.

John Wilson has agreed to step down as part time finance director in order to pursue his own interests but he will continue to assist the company for a period of three months.

The company said it was actively negotiating a number of new investment opportunities which it hoped to conclude shortly and added that these opportunities were likely to be more demanding on the directors' time.

Wilson said he was unable to commit to the additional time required.

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• Secora plc