MoneyPlus Group, one of the UK’s leading companies specialising in debt management plans and Individual Voluntary Arrangements (IVAs), has acquired R&R Financial Solutions Limited, which trades as Debt Free Me.
Debt Free Me, based in Blackburn, Lancashire, represents more than 6,000 people on debt management plans and is one of the largest members of the Debt Resolution Forum.
The purchase of Debt Free Me is the latest in a series of acquisitions by MoneyPlus Group (MPG) since a management buy-out backed by Palatine Private Equity in 2011. It also operates debt management brands The Debt People, Chiltern and Hamilton Locke.
With the acquisition of Debt Free Me, the group now acts for more than 28,000 customers on debt management plans, plus more than 4,000 on IVAs.
Chris Davis, chief executive of MPG, said: “We have demonstrated impressive growth over the past 12 to 18 months, and we have achieved that while still providing an exceptional level of service to our consumers and retaining our strong reputation in the sector.
“Debt Free Me is a great addition to the MoneyPlus stable, but we’re keen to build our presence in financial services still further, through acquisitions and organic growth.”