Jonathan Vowles Chartered Accountants

01234 752 566


Where Have All The Bank Managers Gone?

And what to do if you need funding ...

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I read a report that said that the number of UK bank managers has declined from a high of 30,000 to a mere 7,000. Over the same length of time, the number of UK businesses has steadily increased ...

It seems that accountants are the new bank managers!

It seems that accountants are the new bank managers!

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It is now easier to speak to someone in a call centre than it ever was before, yet you often can't find a bank manager to help you, and in particular, help you with your business funding.

"Of course, we are all aware of changes
in the banking industry!"

The main High Street banks are closing branches faster than ever; some banks are being forced to sell off chunks of their business and, in fact, you could even go as far as to say that the legacy banks (those old high street ones!) are being slowly unbundled and picked apart.

All of which explains the increase in alternative ways of finding out about your funding options and accessing those funding options to get a business loan. This is why some people think that accountants are the new bank managers!

The big high street banks aren't going to disappear and are still going to lend money, but they are going to continue to change, and other ways of accessing advice and funding are going to become more and more important, as is speaking to your accountant!

Of course, there are funding websites you can search for yourself, but this brings with it a problem ... the lack of awareness. There are multiple providers of finance and many financing products meaning that the average SME business isn't aware of many of them, let alone most of them.

The end result is that you will not consider all of your options or will end up paying over the odds or even have unfavourable terms and conditions foisted on you. Compound this lack of awareness with a lack of guidance, and it just adds to the pressure and anxiety for you as a business owner.

"Which is where JVCA comes in because accountants
are the new bank managers!"

As accountants we have always been there for our clients, so going that little bit further and being there for funding advice is easy for us to do, especially with our access to in-depth information from a range of financial institutions.

Where do you turn to for help? As accountants, we can help you with advice about funding. Starting with a summary of your needs and some of the options available to you ... it's our funding viability review.

"Would you like to know more?"

So if you've been wondering where all the bank managers have gone and would you like a free funding viability review, give me a call on 01234 752 566 or click here to ping me an email and let's see how I can help you.

Until next time ...


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More about Jonathan Vowles ...

I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.

My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.

I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.

I relax by reading fiction and by getting away from the office in a campervan.


01234 752 566