Wesleyan Bank has announced it has added to its management team the appointment of Simon Welling as Director of Sales and Marketing. Welling, who joins from Paragon Asset Finance, will report to the company’s Chief Executive, Steve Deutsch. Deutsch, Chief Executive of Wesleyan Bank, said: “Simon will play an instrumental role in the development and…

New laws to help protect company directors from identity fraud and personal harm will be introduced by the Government. The new laws will enable company directors to remove their personal addresses from the UK’s official company register on Companies House. Directors must still provide their business address as a legal requirement. This comes in response…

Small and medium-sized enterprises (SMEs) are increasingly turning to alternative sources of financing,  according to a new OECD report. The report also shows that new bank lending is declining in a number of countries. Many SMEs remain over-reliant on bank credit, however, and the take-up of instruments other than straight debt varies greatly from one…

Trade credit insurance specialist Euler Hermes has warned that future export market may prove to be a bad debt risk after Brexit. The findings come from Euler Hermes annual Collection Complexity Scores and Rating report, which measures the challenges of international debt collection procedures in 50 of the largest economies involved in global trade. The report…

The British Business Bank’s has published its 2018 Small Business Finance Markets report reveals welcome evidence that the UK’s small businesses are diversifying in their choice of finance. Although still the predominant channel, there are encouraging signs that small businesses are looking beyond their main bank for finance and turning to alternative sources. The value of SME…

Accountancy firm Armstrong Watson has appointed a new partner in its restructuring, recovery and insolvency team in Leeds. Robert Adamson is a specialist in business recovery and turnaround and holds in excess of 20 years’ experience. Adamson has extensive knowledge in corporate restructuring and insolvent company rescue procedures and has acted for a variety of stakeholders. Mark Ranson, head…

Judge and Priestley LLP (J&P) has announced that it has recently gained Financial Conduct Authority (FCA) authorisation. This comes in addition to its traditional authorisation and regulation by the Solicitors Regulation Authority (SRA). The move to seek FCA authorisation came in response to increasing client demands for J&P Credit Solutions (J&P CS), the debt recovery…

New research by Moore Stephens has shown that restaurant insolvencies have risen by 20% in the past year. The research shows that restaurant businesses insolvency jumped 20% to 984 in the last year, up from 825 in the previous year*. The figures come on the back of one of Britain’s biggest sandwich chains, EAT, announcing this…

Lex Autolease has appointed Ashley Barnett to Head of Fleet Consultancy. Barnett has 25 years’ experience in accountancy, with a focus on vehicle funding, company car policy and salary sacrifice schemes. He has spent 19 years in the Lloyds TSB group and previously worked within the Co-operative group. Managing Director of Lex Autolease, Tim Porter,…

Commercial debt recovery specialist Yuill & Kyle has announced that it will become part of the MacRoberts Group. MacRoberts LLP is one of Scotland’s oldest and most established independent commercial law firms. With 42 partners and over 180 staff working in offices in Glasgow, Edinburgh and Dundee, their legal specialisms include banking and finance, construction,…

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