The country’s biggest provider of
voluntary arrangements – Debt
Free Direct – has reported profits of more than £9m and also claimed that it
had recovered from the bad publicity surrounding commercial debt advisers.
The IVA industry has come under fire recently over allegations of encouraging
customers to adopt IVAs and profiteering at their expense.
Debt Free Direct’s results for the year to April 2007 revealed that turnover
jumped 77% to £28m – it said it was expecting future growth.
It also announced that it had purchased rival IVA firm Clear Start for £11m.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies