Meet the Team

Meet the Team: Stuart Yuill

Name: Stuart Yuill

Job title: Executive Director, DSL Business Finance Ltd

Tell us about your role. Creating and maintaining jobs and communities by providing access to affordable business funding is at the heart of what we do, and one of my responsibilities is to ensure we effectively deliver this in Scotland. I provide strategic and operational leadership to ensure underlying financial stability as a not for profit business, and regularly engage with external organisations to explore opportunities for partnerships. DSL manages a number of funds on behalf of others with different requirements, ranging from administration to full delivery of the Fund.

At DSL, we have full responsibility for the Scottish Microfinance Fund (SMF) which is delivered on behalf of Scottish Government (with contributions for Scottish Government (ERDF) and DSL, with a funding match from The Start Up Loans Company). Since launching the Fund in 2016, I’ve recruited additional team members, appointed a marketing and PR agency and a software development company, as well as ensuring we are fully engaged with our stakeholders, both external and internal.

What do you enjoy most about your job? No two days are the same! It’s often said that “variety is the spice of life” and there is certainly plenty of that at DSL. It’s an exciting time to be leading the business and we have an enthusiastic team, great partners and a very supportive Board. It’s a powerful combination that excites even this seasoned campaigner.

What’s your background? I’m a career banker, by accident like many others, of 34 years working at Clydesdale Bank, Bank of Scotland and latterly LBG until 2010. It was a great career and journey, I acquired a wealth of knowledge on the way , and almost half my career was spent in business, commercial and corporate banking which was great experience and learning. I engaged with a whole range of businesses of various sizes and sectors, and it’s been especially satisfying see some start-ups we supported become great businesses and in some cases, world class leaders in their field.

What one piece of financial advice would you give business owners? Do your research, know your numbers and market and make sure the executive summary in your business plan passes the “Mum Test” – if your parents don’t understand it, it’s probably too complicated!

If you started a business, what would it be? If I was being self- indulgent, something related to one of my biggest passions – sport. If it was to make a decent profit and potentially sell, then I’d establish a manufacturing or service business that has future potential due to changing legislation for example, a requirement for businesses to have a particular product or service.

What’s the most interesting business you’ve ever supported? There have been several over the years, but usually ones that spot a gap in the market have been really interesting. I once funded a business that was repairing and refurbishing used televisions and exporting in container batches to Russia and parts of Africa.

Those with ground breaking technology are very interesting, and watching traditional businesses develop is also rewarding. One of my former customers who started out with a single unit fish and chip shop is now a major player in the restaurant trade, and still has some of the chip shops that helped provide the impetus for them to make that next step.

Stuart Yuill

Executive Director (Interim General Manager)

Stuart is a former senior banker with over 30 years’ experience at all levels of mainstream banking. Having learned his trade in the branch network dealing with both personal and business banking clients he then undertook head office based roles with Clydesdale Bank before completing almost 25 years there as manager of a high value portfolio of commercial clients. Stuart’s specialism is the SME market, which represents 95% of Scottish businesses, and he successfully led the Emerging Business team at Bank of Scotland.

He is a Chartered Banker, a fellow of the Chartered Institute of Bankers and since 2012 a member of its disciplinary committee. He is a council director of Glasgow Chamber of Commerce, a member of the Glasgow Employer Board and an associate with Consilium Chartered Accountants.

Away from the work Stuart is a keen golfer, a season ticket holder and supporter of Glasgow Warriors. He is also a District Commissioner and Trainer in the Scout Movement where he has been a member since childhood.

Sandra McLean

Fund Manager

Sandra has worked with DSL Business Finance for over 19 years and her wealth of experience across all aspects of the business is invaluable. As well as assessing loan applications, she is also responsible for the management of a number of loan funds administered by DSL on behalf of others.

She holds an HNC in Business Administration & participated in the UK Steel Enterprise Investment Appraisal course as well as completing ongoing training relative to maintenance of DSL’s CCA licence with the FCA.

Outside of office hours, Sandra enjoys reading, keeping fit and socialising.

Nicola Cosgrove

Investment Readiness Officer

Nicola, an experienced and qualified banker, has worked with DSL Business Finance for seven years. She is responsible for appraising investments and works with clients to get them investment ready. Nicola has specialist experience in social enterprises, fishing and new technologies.

Nicola has a certificate in Business Banking, an HNC in Accounting and is a Chartered Banker. She is also a member of the Chartered Institute of Bankers in Scotland.

In her spare time, Nicola is the treasurer for a branch of the Cats Protection and enjoys fitness classes and going to the ballet and opera.

Marie Smith

Collection and Recoveries Officer

Marie joined DSL Business Finance in January 2016 and is responsible for loan management.

Before joining the business, Marie worked with the Scottish Office for three years and the Student Loans Company for 14 ½ years, where she dealt with accounts, applicants, financial reports and complaints.

In her limited free time (she has three kids), Marie runs a scout group and is responsible for the leader training, accounts and fundraising. Marie also joined her district’s appointments committee which deals with interviewing new leaders joining the Scout association.

Murray Marshall

Loan Officer

Murray joined the team in December and is the dedicated loan officer for the Highlands & Islands and Moray. He joined DSL from Royal Bank of Scotland after 32 years and having been based in the Highlands for some time has witnessed the growth of new business across the region and is keen to meet new businesses and offer support to those struggling to secure finance.

As a teenager, Murray had aspirations of becoming a professional singer and his claim to fame is singing on stage with Lesley Garrett and Alfie Boe.

Rekha Welsh

Loan Officer

Rekha Welsh is the dedicated loan officer for the North East, Aberdeen and Dundee. She was appointed in December by DSL after 15 years with Royal Bank of Scotland. Rekha is on hand to to ensure business owners receive the best possible support with the application process and business plans, whether this be for start-up or growth.