PTS, which specialises in offering independent trust account and insurance services to the travel trade, said Elman Wall’s appointment would “add extra value” to its growing membership of agents, homeworkers and operators.

Daniel Landen, managing director of PTS, said: “This is a fantastic partnership and we are thrilled to introduce Elman Wall as the PTS independent trustees.

“The PTS trust has developed a fantastic reputation, has grown exponentially, and we are positive our new partnership with Elman Wall will only enhance our members’ business position.

“It was time for us to form a longstanding partnership with new independent trustees that were reflective of PTS’ ever growing size and our members requirements.”

Jonathan Wall, managing director of Elman Wall, added: “We have been building a strong relationship with PTS for some time, and as the requirement for trust accounting in the travel industry is only going to strengthen, we are delighted to be appointed as their independent trustee.”