Bids Due: 14 December 2017, 4:00pm
Featured Items to be added soon.
Lindsey Cooper, Chris Ratten and Alexander Kinninmonth of RSM Restructuring Advisory LLP as Joint Administrators of Debt Free Direct Limited (in Administration) (the “Company” or “Debt Free Direct”) have appointed Hilco Appraisal to actively seek interested parties with regards to the sale of certain intellectual property assets of Debt Free Direct, a leader in the debt solutions industry.
The Company was part of the legal and financial services group Fairpoint Group plc (in Administration). The Debt Free Direct brand is well-recognised, with Debt Free Direct having been a prominent provider of advice and appropriate debt solutions including Debt Management Plans and Individual Voluntary Arrangements to consumers with debt problems for over 20 years. It generated annual revenues of c. £9m in recent years.
The Company’s MoneyExtra.com website was the oldest established personal finance website in the UK, founded in 1995. As a comprehensive source of personal financial information and online financial services, it helped customers make the most of their money and find the best deals on savings and hassle-free mortgages. MoneyExtra provided independent information, guidance and advice across the spectrum of financial needs with sections dedicated to Tax, Savings and Investments, Loans and Credit Cards, Insurance Services, Mortgages and ISAs enabling users to compare and apply for products online. It held quality editorial content including news stories, features, daily stock markets and an investors' diary of forthcoming results and economic events.
The attractive Debt Advice Group and Clear Start brands and domain names similarly provided further routes to market.
Numerous registered trade marks protecting the Debt Free Direct, MoneyExtra, MX FS, Clear Start, Debt Advice Group and Fairpoint brand names and logos.
The following domain names:
Diligence & Sale Process
Hilco Appraisal is currently soliciting interest in the assets from qualified buyers.
Bid Submission: Bids to be provided in writing by the Bid Deadline. Bid documentation will be provided on request.
Bid Deadline: December 14, 2017 at 4:00 PM
For further information and to submit an offer, please contact: Linda Shannon.
Phone: +44 (0) 141 212 2516
Mobile: +44 (0) 7718 424 451