London Scottish left on the touchline as Welbeck collapses

 

Welbeck Wealth Management, the City financial services outfit well known because of its links to celebrities such as Gabby and Kenny Logan, has collapsed into administration in a major blow for its founder, Greg Knight.

The Independent has learned that the firm has just gone under, leaving the London Scottish rugby club likely to need a new shirt sponsor next season. As well as being a former player for London Scottish, Mr Knight is a director of the club, as is former Scotland international Mr Logan, who has served as an ambassador for Welbeck.

Welbeck’s phones appeared to have been switched off yesterday. The accountant ReSolve confirmed its team had been called in as administrators, with Companies House filings naming Simon Harris, Mark Supperstone and Cameron Gunn appointed to run the company in administration. Mr Knight and Mr Logan are also co-directors of Klas International which advises sportspeople and military personnel on getting jobs in the corporate world.

Alongside Mr Knight and Mr Logan on the board and shareholder list of London Scottish sit some of the wealthiest Scots businessmen, including HSBC’s Doug Flint, Moir Lockhead of FirstGroup and City PR millionaire Angus Maitland. ReSolve did not return calls.

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