Its main business is insurance for mopeds, scooters and motorcycles. Motorcycles are a popular form of transport which offer an economical and green alternative to cars, and Lexham has used this popularity to build an excellent business.
Starting from scratch 10 years ago Lexham now employs 65 staff, making the company an important local employer. I was surprised to learn that the motorcycle industry is worth some £7 billion to the UK economy, so there is plenty of room for growth for a well-run business like Lexham.
I look forward to seeing continued success in future.
I met with the Chief Executive of the Norwich and Peterborough recently and I am pleased that the Society has offered investors in Keydata an interest-free loan to tide them over. However, there are still many questions to be answered.
I will soon be meeting officials from the Financial Services Compensation Scheme, whom I will be asking to sort out this growing scandal as quickly as possible.
I will keep you posted.
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