Steve Deutsch is chief executive, Wesleyan Bank. He joined Wesleyan Assurance Society in October 2005 following 19 years in a variety of roles at Lloyds TSB. He was appointed chief executive of Wesleyan Bank in May 2015, having previously been managing director of Wesleyan Bank since October 2012. Steve has the responsibility for driving the growth of Wesleyan Bank to deliver a significant contribution to the Wesleyan Group and fulfill the commercial and personal finance needs of its customers.
A recent survey has revealed that over half of Britain’s SMEs are owed nearly £45 billion in late payments, placing severe strain on working capital. Steve Deutsch outlines some simple steps that small businesses - law firms included - can take now to bolster their balance sheets.