Jump to content
House Price Crash Forum
Cheston Pelvis

Debt Free Direct Expanding Operation To Meet Demand

Recommended Posts

I've just spotted this regulatory news courtesy of FT.com (Link) and though this might be of interest. Apologies if already posted.

Kind regards,

Cheston.

Debt Free Direct Grp - Increased Capacity

RNS Number:3188B

Debt Free Direct Group PLC

11 April 2006

11 April 2006

DEBT FREE DIRECT GROUP PLC

CAPACITY INCREASED TO MEET DEMAND

The IVA market continued its strong growth in March, with volumes up 29% on the previous month and 155% on March 2005. Debt Free Direct maintained its market share at just under 20%. Volumes are continuing to grow rapidly and work in progress is at record levels. With this in mind, the company is taking on new leasehold premises that will more than double its capacity to process IVAs. These new facilities will become fully operational in October 2006. Meanwhile, the company has brought on stream facilities in Northern Ireland capable of completing 150 IVAs per month with immediate effect. This capacity is expected to double over the next 12 months. Andrew Redmond, CEO, commented 'We are very pleased with our continuing progress. Expanding capacity to handle the ever increasing volumes of business generated by our advertising has always been a challenge. The steps announced today will ensure that we can continue our rapid growth trend.'

Share this post


Link to post
Share on other sites

Debt Matters share price just rocketed 8.6% today. The debt companies seem to be doing VERY well

in the last couple of years.

EDIT: 8.9% now

Edited by OzzMosiz

Share this post


Link to post
Share on other sites

Blimey, it looks like I backed an also ran! :lol:

Speaking of Debtmatters, I see their advertisments are now running on cable telly (VH1 Classic, to be precise - though there are likely to be others). It's quite unusual to see it jammed between Ocean Finance and Vorderloan ads. It'll be interesting to see if this increases their market share...

Share this post


Link to post
Share on other sites

Volumes up 155% on March 2005, WOW! If that reads across to the official figures Repos and the like the it is going to be a bad year this year. Or a very good year if you are a debt collector.

Share this post


Link to post
Share on other sites

Surprised this hasn't been debated more as when people can't spend anymore the consumer based economy falters. Unemployment ensues and house prices come down.

A rep from Debt Free Direct was on radio 5 today saying how the number of people seeking IVA's has accelerated since Jan (I think he said up 60% in three months) and its going to get a lot worse.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.