UK’s biggest IVA provider expecting to grow

The country’s biggest provider of
voluntary arrangements
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.

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