Gregory Pennington, Freeman Jones and Wilson Andrews are to be amalgamated under a new brand: the Financial Wellness Group.
Debt advice arm, Gregory Pennington, IVA advice provider Freeman Jones and Scottish insolvency solutions provider Wilson Andrews will all provide their complementary services under the banner of the Financial Wellness Group.
The business manages £1.1bn of customers’ debt and will return over £90m to creditors in 2020, it said.
Deborah Ware, chief operating officer of Financial Wellness Group, said: “There are now nine million people in the UK who are over-indebted. By putting the needs of these people at the heart of what we do, we are creating a service that is unique and goes well beyond what other debt advice and solution providers offer.
“We are taking a holistic view of customers’ ‘financial lifestyle’. For example, by focusing on early intervention strategies to support people with budgeting and provide them with the tools and support they need to get back on track before they get to the point of needing a debt solution.”
The combined group will have a headcount of more than 400, and provides customers access to a range of debt services, including: