In line with it's strategy the groups legal services division Simpson Millar acquired Colemans-CTTS in August 2015.
Colemans provides Simpson Millar with a class leading platform for the provision of Volume Legal Services.
Fairpoint Group welcomes Holiday Travel Watch – a consumer services company to the group.
Fairpoint enters the legal services market by welcoming Simpson Millar LLP Solicitors – a consumer legal services business to the Group. Signed a £20m, five year banking facility with AIB Group (UK) plc.
Launch of Making Money Go Further community. Making Money Go Further is a community across a number of social channels with real-time, bite size, money saving tips from Debt Free Direct. Customers stay up-to-date, share tips and get involved in making money go further for everyone.
Fairpoint introduces its Claims division as it embarks on a programme of accelerating consumer debt reduction by pursuing PPI mis-selling claims on behalf of its customers through the newly introduced Writefully Yours trading style.
Fairpoint continues its acquisition strategy with four debt management acquisitions and makes its first IVA back book acquisition.
In line with its strategy to diversify earnings, Fairpoint acquires Moneyextra.com in July 2010.
As the debt management plan market consolidates, Fairpoint doubles its market share through a series of acquisitions.
Turnaround leads to strong recovery in profitability allowing the company to reduce gearing and reintroduce dividends.
Name changed to Fairpoint Group PLC and Debt solutions business expands to offer Debt Management Plans.
Robustness of our business models was tested as new IVA protocols led to lower fee levels and the exit of several competitors from the market.
The business continued to develop its product offering venturing into mortgage and other broking in early 2007.
In June 2007 the company completed the acquisition of Clear Start UK Limited, a rapidly growing consumer debt advice and solutions company. This resulted in the enlarged group being the clear market leader in the IVA space.
In October 2006 the relocation to a new 40,000 sq. ft. operating facility in Adlington near Chorley was completed successfully. This provided considerable space for continued growth of the business.
During 2003 the Directors identified the opportunity to grow the business further in a climate where economic, market, political and regulatory factors were all favourable. An institutional placing in September 2003 saw the business raise £3.85 million replacing loan financing and investing in infrastructure and increased market share.
This was further assisted by a second institutional placing in February 2005, which saw the business raise approximately £8.5 million before expenses. The funds raised provided additional working capital to allow the company to further increase the rate of organic growth taking the clear lead in the IVA marketplace.
The business was acquired through management buy-out by three of the former partners of Lathams in May 2001.
During this period the profile of the business grew considerably, culminating in the flotation on the AIM market in December 2002.
Debt Free Direct was established in 1997 by Lathams Chartered Accountants. The aim was to provide the widest possible range of solutions to the burgeoning number of individuals with debt problems.
1997 – 2001