Mike Innes is reported to have left Money Controls, the major manufacturer of coin and bill validators, based at Oldham, UK.

Innes, who was managing director of the company for several years, is not understood to have left to join another company.

Money Controls is part of the Crane Group, which is currently going through the process of acquiring major validator manufacturer MEI and reorganising its group structure.

No comment has yet been made by Innes or by Crane.