Looking for alternatives I stumbled upon my next tutorial "Summit 41 - Adv. Character Rigging - After Effects" by Matt http://goo.gl/ZSzRPb
In this video I discovered the free tool called "Duik" http://duduf.net/?lang=en which offered a wide variety of tools which after using found to have an easy learning curve in regards to rigging a character. While you traditionally insert pins into the character to allow animation. With Duik you insert the pins as usual, but the tool has the ability to create nodes for each pin which can then be chained to create an IK limb.
By using the Duik toolset and applying what I've learnt from both tutorials so far I have been able to create the following basic walk cycles.