The Huddersfield-based business said it continues to trade strongly, increasing its overall confidence for the full year.

Fintel’s chairman Ken Davy is stepping down today, as previously announced, from the role with Gary Hughes succeeding him. Mr Davy will now take on the role of deputy chairman.

He said: “I am delighted that Gary is stepping up to the role as chairman of Fintel. Gary is a highly experienced individual who has a track record of delivering significant shareholder value. I look forward to supporting him, and the rest of the board, as Fintel continues to grow and develop.”

Mr Hughes said: “Having had the pleasure of serving on the board of Fintel for the last two years, it is my privilege to be taking over as chairman of this fantastic company.

“I thank Ken, as the father of Fintel, for his ongoing counsel and support and I look forward to continuing to work with him, and the wider board, as Fintel moves forward into the future.”

The business was previously known as The SimplyBiz Group. It rebranded earlier this year to reflect its drive towards digitisation.