Jeff Fairburn, former chief executive of Persimmon, has registered a new business called Third Stone Investments.

Fairburn, who was ousted from the house building firm after protests at his bumper £82m bonus in 2018, has set up an investment company with his wife, Jayne.

Third Stone Investments, a private company located in Durham, was registered with Companies House last week.

Companies House does not detail the company’s specific activities but it is registered as a “credit granting” business under a company code usually ascribed to industrial finance firms or banks outside the mainstream UK banking system.

The tycoon made a comeback in January 2020, when he was appointed chief executive of the housebuilder Berkeley DeVeer after buying a 50% stake in the firm.

Then, in 2021, Fairburn teamed up with the powerful activist investor Elliott to acquire the northern builder Avant Homes, becoming chair in the process.

Fairburn has also been dogged by controversy over whether he followed through on a pledge to give away a “substantial” amount of the huge bonus he received at Persimmon through a charitable trust.