Debt Free Direct Group PLC said it maintained its market share of Individual Voluntary Agreements (IVAs), a simplified form of personal bankruptcy, at just under 20 pct in March 2006.
The wider market continuing its strong growth in the month with volumes up 29 pct on the previous month and 155 pct on March 2005, Debt Free Direct said.
Debt Free Direct said volumes are continuing to grow rapidly and work in progress is at record levels. The AIM-listed company said it 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.
The company added that it 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.
Tags: aim, debt free direct, dfd, iva, market share, trading
