A year after troubled stock broker Westhouse Securities rebranded as Stockdale Securities as part of a wide-ranging restructure, the firm’s bosses are cheering its “most successful period for many years”.

In a memo sent to clients on January 5 to mark the anniversary of the Stockdale rebranding, executive chairman Mark Brown and chief executive Andy Crossley said 2016 had not been an easy year for the firm’s “highly competitive” market. But they added that “without complacency, we are genuinely pleased with the progress we have made”.