Connect with us

Business & Technology

Cloudsmith names finance & legal chiefs after funding

Published

on



SOFIAH NICHOLE SALIVIO

News Editor

Cloudsmith has appointed Mark O’Connor as Chief Financial Officer and Dan Lascell as General Counsel, expanding the Belfast software supply chain security company’s executive team after its USD $72 million Series C funding round.

Both are moving into full-time roles after advising the company for several years. O’Connor worked with Cloudsmith’s finance organisation through its last three venture financings, while Lascell served as fractional General Counsel and helped shape its legal and governance structures.

The appointments come as Cloudsmith seeks to deepen ties with large corporate customers, including Fortune 500 and Global 2000 groups. More enterprises now rely on its software supply chain tools to secure and govern software artifacts used in development and distribution.

O’Connor is expected to oversee the company’s financial infrastructure as it works towards public market readiness. His remit includes establishing financial and procurement controls suited to a business operating at greater scale.

Before joining full time, he held senior finance roles at Bugcrowd, Tenfold, Appirio, Nuance Communications and BeVocal. His background spans venture-backed software businesses, acquisitions and listed companies.

Lascell will lead legal, compliance and commercial contracting. His work will focus on enterprise procurement requirements and internal governance as Cloudsmith expands among larger customers with more complex regulatory demands.

He previously held legal leadership roles at Appirio, Bugcrowd, Tercera, AmberPoint and webMethods. His experience in corporate development and international expansion, combined with his prior advisory work, gives him detailed knowledge of Cloudsmith’s commercial and compliance arrangements.

Growth push

The leadership changes follow Cloudsmith’s latest financing from TCV and Insight Partners. The USD $72 million Series C round provided fresh capital as the company scales operations around software artifact management and supply chain security.

Cloudsmith’s platform is used to store, secure and distribute software packages and other development assets across different environments. It says it supports more than 30 artifact formats and serves customers across sectors including banking, financial technology, telecoms, software and artificial intelligence.

In recent years, software supply chain security has become a growing priority for large organisations after attacks and compliance pressures exposed weaknesses in how code and software components move through development pipelines. Vendors in this market have sought to position themselves not just as infrastructure providers, but as trusted partners for governance, traceability and procurement oversight.

That backdrop helps explain the emphasis on finance, legal and internal controls in Cloudsmith’s latest hires. Both roles are central to reassuring larger customers that the company’s internal processes can withstand the same scrutiny applied to the software services it sells.

O’Connor highlighted that focus in comments on his appointment. “Our focus is on building Cloudsmith’s infrastructure for longevity,” said Mark O’Connor, Chief Financial Officer at Cloudsmith. “That means ensuring our financial controls and commercial rigor are up to audit-ready standards, while enabling our customer-facing teams to move fast and lead the market. That combination means customers can trust Cloudsmith as a mission-critical infrastructure partner.”

Lascell also linked his role to customer expectations around security, compliance and long-term dependability. “Cloudsmith’s platform is built on trust, providing secure artifacts, provable provenance, and policy-driven governance. Our internal legal and compliance posture reflect that same commitment,” said Dan Lascell, General Counsel at Cloudsmith. “Our job is to scale the legal and risk frameworks to ensure Cloudsmith is a dependable long-term partner for large enterprise customers with complex regulatory and legal obligations.”

Executive build-out

The additions mark a further expansion of the senior team under Chief Executive Officer Glenn Weinstein. As software companies move beyond the early venture stage, hiring permanent finance and legal leaders often signals a shift towards tighter operating discipline, more formal governance and preparation for broader capital markets options.

Weinstein said the appointments are part of meeting customer expectations across the business. “Mark and Dan are important additions to our leadership team,” said Glenn Weinstein, Chief Executive Officer at Cloudsmith. “Enterprise customers rely on Cloudsmith as a dependable partner they can trust at every level, including the platform, their commercial relationship with Cloudsmith, and our internal governance. Mark and Dan will help ensure we meet the highest standards for financial rigor and legal credibility.”



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Technology

Home Bargains recall as shoppers told stop using immediately

Published

on


The Office for Product Safety and Standards (OPSS) is also telling Home Bargains customers to keep the recalled product “out of reach of young children”.

The Toy Story themed water bottle, sold at Home Bargains stores in the UK, is being recalled because of a potential choking risk.

The TJ Morris Toy Story Water Bottle has been sold by Home Bargains since May 2026.

Sign outside a Home Bargains shop (Image: MARIE WURM/Getty)

The OPSS warns: “The product presents a choking hazard because the spout can detach from the lid, creating a small part.

“If this occurs during use, the spout may block a child’s airway and cause them to choke.

“The product does not meet the requirements of the General Product Safety Regulations 2005.

“We recommend that you stop using the product immediately and keep it out of reach of young children. Return it to your nearest Home Bargains for a refund.”

These are the batch codes affected by the water bottle recall: 11449732, 11449736, 11449737, 11449738, 11449742, 11449743, 11449744

A Home Bargains spokesman added: “Check if you have bought the affected batch codes. Only these codes are affected. The information can be found on the swing tag on the product packaging and the care label inside the bottle.

“If you are unsure if your bottle is impacted or no longer have the packaging, return to store for a full refund.

“To obtain a full refund or if you require further information, return it to your local Home Bargains store. For more information contact support@home.bargains.

“We apologise for any inconvenience caused.”

Home Bargains Crisp recall

Crisps sold at Home Bargains have been recalled, with the Food Standards Agency (FSA) warning shoppers of a potential health risk.

ASR Solutions Ltd has recalled the Lays Sour Cream & Dill Crisps sold in Home Bargains stores in the UK, because of a labelling error.

The crisps contain milk and wheat (gluten) which are not mentioned on the label, meaning they are a “possible health risk” to anyone with an allergy or intolerance to the ingredients.

The affected products come in 125g packets and have best before dates up to and including October 31.

An FSA spokesman warned: “ASR Solutions Ltd is recalling the above product from customers and has been advised to contact the relevant allergy support organisations, which will tell their members about the recall.

“The company has also issued a recall notice to its customers. These notices explain to customers why the product is being recalled and tell them what to do if they have bought the product.

“If you have bought this product, do not eat it. Instead, return it to the store from which you bought the product for a full refund or contact  support@home.bargains  if you require further information.”

A Home Bargains statement added: “If you have bought Lays Sour Cream & Dill Crisps as detailed above and you have an allergy, intolerance or sensitivity to milk or wheat, do not consume it.

“Check if you have bought the affected best before dates. Only these codes are affected.

“Return any affected product to your local Home Bargains store for a full refund or contact support@home.bargains if you require information.

“We apologise for any inconvenience caused.”





Source link

Continue Reading

Business & Technology

UK demolition company enters administration after 23 years

Published

on



Forshaw Demolition is a family-owned business that has operated for 23 years and boasts more than 80 years of combined experience.

It provides services such as asbestos removal, industrial decommissioning, and the dismantling of concrete and steel structures, including road and rail bridges.

The company also delivers residential, city centre, and high-rise demolition projects.

The Forshaw website explains that the company takes on schemes right across the UK, usually valued between £10,000 and £2 million.

Forshaw Demolition enters administration after 23 years

Now, after 23 years in business, Forshaw Demolition has fallen into administration.

Richard Cole, Stephen Kenny, and Amy Lowden from KBL Advisory Limited were appointed joint administrators on July 24, according to The Gazette.

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

“An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.”



A statutory moratorium is put in place once a company enters administration, giving it “breathing space” to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: “Within 8 weeks it is the administrators’ role to formulate administration proposals.

“Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

“If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority.”

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.



Through administration, a company can be:

  • Rescued and passed back to the directors
  • Enter liquidation
  • Be dissolved

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire’s, and Quiz have been forced to close all their remaining stores after falling into administration.

UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation.

Whitbread recently confirmed it will be closing all its UK restaurants in September:

  • Brewers Fayre (89 locations) – September 7
  • Beefeater (106) – September 10
  • Bar + Block – September 3
  • Table Table – September 3
  • Cookhouse + Pub – September 3

TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK.

Other retailers have been forced to close stores this year, including:



Several UK travel companies have also ceased trading or entered administration in 2026:

Meanwhile, four UK airlines have fallen into administration or liquidation:



UK delivery company Yodel is set to be phased out after being acquired by InPost.

It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.

Which business/store closure in 2026 has impacted you the most? Let us know in the comments below.





Source link

Continue Reading

Business & Technology

Final days for 40-year-old UK pub chain as near 4,000 jobs lost

Published

on


Only a month remains until Brewers Fayre – a pub-restaurant business in operation since 1981 – is closed by owner Whitbread, with doors set to be shut across the country on September 7.

With 89 branches around the UK – including in Bicester – the family-friendly brand was well-known for its Sunday Carvery menu.

Earlier this year, it was announced that it and Beefeaters would be closing as Whitbread restructures its wider business.

READ MORE: UK loyalty scheme to end as 3,800 jobs lost and restaurants close

Beefeater will shut down all of its sites on September 10, including the branch at the Oxford South Milton Interchange.

The Applecart Beefeater at the Oxford South Milton Interchange (Image: Christie Owen & Davies Ltd)

Some of the properties housing the restaurants have been put up for sale while others will be incorporated into Travelodge branches, with 3,800 jobs being lost in the process, although Whitbread has said it will try to retain as many staff as possible.

Across the country, some Beefeater and Brewers Fayre eateries have already been switched over to Whitbread’s own in-house Thyme brand.

Others are being sold and closed with the cuts set to impact about 12 per cent of the company’s 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants.

A statement was issued on the restructuring earlier this year in which it was announced a number of the restaurants would be converted into additional Premier Inn rooms.

A spokesperson said: “We recognise the impact of this proposal on colleagues who work at the affected sites.

Brewers Fayre in Bicester (Image: Christie Owen & Davies Ltd)

“As a business which recruits around 15,000 people every year, we expect to be able to retain a significant proportion of those affected and will be looking to redeploy as many of our impacted colleagues as possible.

“However, we do anticipate that the proposed changes, which are subject to consultation, would result in a reduction of around 3,800 roles of a total UK and Ireland workforce of around 30,000.

Interior of Bicester Brewers Fayre (Image: Christie Owen & Davies Ltd)

“We will do all we can to support those colleagues affected.”

READ MORE: Over 3,500 jobs lost as UK restaurant chains list properties

In addition, Beefeater has also provided clarity on its loyalty scheme, publishing a deadline on its website.

A spokesperson said: “All points must be collected (or receipt details added) by Monday 24 August 2026 and then converted into your points-based vouchers and used by Monday 31 August 2026.”

With a loyalty card, customers could collect 5 points for every £1 spent and once 500 points have been earned, they would be able to claim either a £5 voucher, a free bottle of wine or 2 free starters or desserts.





Source link

Continue Reading

Trending