Knightsbridge Insolvency Services has completed the acquisition of all insolvency cases from Personal Debt Help Line a debt management company based in Cheadle.
Knightsbridge, based in Carrington and part of the Money Advice Group , will acquire all 2,100 insolvency cases as well as 18 members of staff, in a deal expected to be worth £2m to the business.
Completed in just under eight weeks, the deal benefitted from Knightsbridges strong IT infrastructure and staffing structure to ensure a smooth transition for clients and team members. The deal is part of Money Advice Groups commitment to its wider growth strategy and it has several acquisitions pending completion over the next few months.
Stuart Parkin, CEO, Money Advice …
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