Grant Thornton buys online debt advisory DebtWizard

30 March 2015

Business and financial advisory firm Grant Thornton has acquired online debt advice company DebtWizard, boosting the firm’s debt services capabilities. DebtWizard’s founder Mike Thomas, who set out to find a purchaser with the desire and ability to take the business forward, will actively stay involved in the brand building of the company.

DebtWizard is an in 2005 established online debt solution and advice company that provides free and impartial debt advice to consumers on debt-related topics. Over the past ten years, the company has provided debt solutions to thousands of people facing insolvency or bankruptcy.

The acquisition of DebtWizard will boost Grant Thornton’s UK Debt Services and enable it to provide better debt management support to its clients as well as advice needed to regain financial control. Gareth Neill, Recovery and Reorganisation Partner at Grant Thornton, explains: “We understand that money worries add up to more than just numbers and take a truly personal and sympathetic approach to helping thousands of people each year resolve their debt problems. The acquisition of DebtWizard enables us to offer more to those who need support with debt management and helps us to achieve our goal of providing the support and advice needed to regain control.”

Grant Thornton UK buys online debt firm DebtWizard

For DebtWizard, the acquisition provides it with a strong party interested to further build the brand and its footprint in the online debt services. As part of the deal, founder of DebtWizard Mike Thomas will continue to play a role in the development of the DebtWizard brand. Commenting on the buy, Thomas says: “I am delighted that I have secured a credible and well respected buyer in Grant Thornton, who intends to develop the DebtWizard brand further.  I am looking forward to working together to ensure DebtWizard continues to be at the forefront of support for consumers in need of debt resolution services throughout the United Kingdom.”