Changes at the Top
This morning Debmatters, who recently reported a good set of interims, announced a boardroom change. Jonathan Timmis joins on January 2 as Technical Director on the Operations Board.
Jonathan is a licensed insolvency practitioner and has held several positions within the industry including roles at Lathams as well as Ratcliffe & Co.
Ges Ratcliffe, the Debtmatters CEO, has previous experience of working with Timmis at Ratcliffe and Co., which was a predecessor to Debtmatters.
In this mornings announcement Debmatters say, “Jonathan, who joins from his own successful Lancaster based practice, which he founded in 1999, will bring with him a portfolio of cases as well five experienced members of staff who will join Debtmatters’ Corporate and Commercial Division.”
So it appears on the face of it, Timmis must be getting more out of the deal than merely a place on the board.
Debmatters entered the Secured Loans market through its purchase of Loanmakers in June and hopes to grow the cross referral of IVAs and secured loans between the two businesses.
In another change, Elephant Loans and Mortgages, who reported yesterday, announced the appointment of Maria Giambrione as Company Secretary. Elephant say Maria will be responsible for the accounts and administrative functions of the Group.
She replaces, David Gammond, who recently worked on the IVA operating subsidiary DebtSmashers, and has handed over his executive responsibilities but will be responsible on a non-executive basis for overseeing corporate strategy and specific projects.
