What ClearDebt does

ClearDebt Limited is a UK consumer debt solutions firm founded in 2004 and headquartered in Hale, Altrincham, England, operating as a wholly-owned subsidiary of ClearDebt Group Limited (which also owns Abacus Financial Consultants Limited). The company specializes in Individual Voluntary Arrangements (IVAs) and complementary debt resolution products including Debt Management Plans (DMPs), Debt Relief Orders (DROs), Bankruptcy advice, and Scottish-specific debt solutions. It serves individuals with unmanageable personal debt across England, Wales, and Scotland.

The business runs a human-delivered professional services model rather than a proprietary technology platform. Customer journeys begin via inbound telephone, web contact forms, or in-person consultations at the Altrincham office, with trained advisors assessing financial situations and proposing appropriate statutory debt solutions. Underlying operations are workflow- and judgment-based: each IVA is bespoke, approved by creditors, and administered over a multi-year horizon — there is no evidence of automated underwriting or algorithmic decisioning.

Revenue is generated from fees associated with proposing and administering IVAs and managing DMPs, recognized across the multi-year life of each arrangement. Go-to-market is sales-led and inbound, supported by an extensive SEO-optimized debt-help blog and educational content that drives organic lead capture. ClearDebt is a founding member of the Debt Resolution Forum and holds representation on the IVA Standing Committee, with CEO David Mond having helped develop the IVA Protocol and Standard Conditions that govern UK IVA administration.

Name

ClearDebt

Legal name

ClearDebt Limited

Website

https://cleardebt.co.uk

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

ClearDebt is a UK-based IVA and debt solutions specialist founded in 2004, serving individuals with unmanageable personal debt across England, Wales, and Scotland. It provides IVAs, DMPs, DROs, and bankruptcy advice via telephone, web, and in-person advisory channels from its Altrincham headquarters.

Ownership category

akta.pro rank

Product category

Personal Insolvency and Debt Solutions

NAICS

Collection Agencies (561440), Collection Agencies (56144), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Third-Party Collection Agencies (Consumer) (FSAKAJAB)

akta.pro secondary industry

Collections, Dunning & Late Payment Management (FSAMAJAJ)

Keywords

• Individual voluntary arrangements
• Debt management plans
• Personal insolvency services
• Debt relief orders
• Debt advisory services

Headquarters

HQ city

Hale

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. IVA Administration Services: ClearDebt proposes and administers Individual Voluntary Arrangements (IVAs). The company provides advice on debt solutions with the basis that there is reasonable contemplation of an insolvency appointment, once it is apparent that an IVA is likely to be the most appropriate debt solution. Revenue is generated through fees associated with IVA proposal, administration, and ongoing management services to customers.
2. Debt Management Services: ClearDebt offers Debt Management Plans alongside IVAs, providing ongoing debt management advice and payment plan administration services to help customers manage and clear their debts.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ClearDebt provides Individual Voluntary Arrangement (IVA) proposal, administration, and ongoing management services for UK consumers with unmanageable personal debt. The firm also arranges complementary formal debt solutions including Debt Management Plans, Debt Relief Orders, Bankruptcy advice, and Scotland-specific options (Trust Deeds and Sequestration), serving individuals overwhelmed by creditor pressure, County Court Judgments, or inability to maintain minimum payments.

Product overview

ClearDebt is a debt solutions company offering Individual Voluntary Arrangements (IVAs) as its primary product, along with complementary services including Debt Management Plans, Debt Relief Orders, and Bankruptcy alternatives. The company operates as an IVA and debt solution specialist, helping individuals achieve debt freedom through structured repayment arrangements. ClearDebt also provides educational resources through its debt help guides covering topics such as bailiffs, County Court Judgments, attachment of earnings, and debt consolidation. The company serves customers across England, Wales, and Scotland through its various debt solution products.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Voluntary Arrangement (IVA) A formal UK insolvency solution for individuals with unmanageable debt, in which ClearDebt prepares and administers an IVA proposal that consolidates the client's debts into a single affordable monthly payment, freezes interest and charges, and writes off remaining balances at the end of the arrangement. Designed for UK residents overwhelmed by unsecured debts who cannot repay in full but can sustain a reduced monthly payment over the term of the arrangement.
• Debt Management Plan (DMP) An informal debt solution in which ClearDebt negotiates with creditors on the customer's behalf to consolidate multiple debt repayments into a single reduced monthly payment. Aimed at UK individuals with unmanageable unsecured debts who do not require (or do not qualify for) a formal insolvency arrangement such as an IVA.
• Debt Relief Order (DRO) A formal UK insolvency solution for individuals with low income, few assets, and unmanageable debts below a statutory threshold, providing a route to have qualifying debts written off after a moratorium period. Targeted at UK individuals whose financial circumstances meet the statutory eligibility criteria for a Debt Relief Order.
• Bankruptcy advice Advisory and arrangement service for individuals considering personal bankruptcy as a formal insolvency route, covering eligibility assessment, the application process, and the consequences of being declared bankrupt. Designed for UK individuals whose financial circumstances make bankruptcy the most appropriate insolvency option.
• Scottish Solutions (Trust Deeds and Sequestration) Scotland-specific personal insolvency offering covering Protected Trust Deeds (the Scottish equivalent of an IVA, consolidating debts into a single affordable payment with write-off at the end of the term) and Sequestration (the Scottish equivalent of bankruptcy). Aimed at residents of Scotland with unmanageable debt who require a formal insolvency solution under Scottish law rather than the England & Wales / Northern Ireland regime.

Quantifiable outcome

• Over £15 million in debts written off through IVAs
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and flagship.

• Debt Resolution Forum (DRF)coreOthersClearDebt is a founding member of the Debt Resolution Forum (DRF), the leading industry trade body for debt resolution firms. DRF promotes professional standards for the debt resolution industry and has its own complaints procedure administered by an independent committee. ClearDebt is bound by DRF's complaints decisions.
• IVA Standing CommitteeflagshipStrategic or Co-development PartnerClearDebt has representation on the IVA Standing Committee as a representative of the Debt Resolution Forum. David Mond, who helped develop the IVA Protocol and Standard Conditions, re-joined the committee in September 2012. The company contributes to industry standard-setting and regulatory framework development for IVAs.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Creditfix: Fee-charging UK IVA specialist that proposes and administers Individual Voluntary Arrangements for consumers with unmanageable debt. Closely comparable to ClearDebt in product mix, fee model, and target customer.
• Aperture: UK IVA and debt solution provider administering Individual Voluntary Arrangements and related insolvency products for individuals. Closely overlaps ClearDebt on core IVA administration, fee structure, and UK consumer target market.
• Money Wellness (formerly PayPlan): UK debt advice provider offering IVAs, DMPs, and insolvency solutions, operating across England, Wales and Scotland. Comparable to ClearDebt in product breadth and customer-acquisition approach via phone and web.
• StepChange Debt Charity: UK's largest dedicated debt advice charity, offering IVAs, DMPs, DROs, and bankruptcy advice. Direct competitor at the top of ClearDebt's funnel, though operating as a charity with free advice rather than fee-charging IVA administration.
• National Debtline: Free UK debt advice service (charity-funded) providing guidance on debt solutions including IVAs, DMPs and bankruptcy. Competes with ClearDebt at the advice-stage funnel, though on a free rather than fee-paying basis.
• McCambridge Duffy: UK insolvency practice providing IVAs, bankruptcy, and sequestration advice to individuals. Comparable to ClearDebt in regulated insolvency service offering and fee-charging professional services model.
• Debt Management Credit Counselling Ltd: UK debt management and IVA provider offering structured repayment plans and insolvency solutions to individuals. Comparable to ClearDebt in professional-services delivery and consumer debt resolution focus.

Broad incumbents

• Citizens Advice: UK-wide consumer advice charity with a significant debt advice function covering IVAs, DMPs, DROs, and bankruptcy. Comparable to ClearDebt as a primary UK debt-advice destination, but operates as a broad advice incumbent rather than a focused IVA administrator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cleardebt

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ClearDebt