Company Overview
Invocas is one of the UK's leading debt solutions businesses and an acknowledged market leader in personal debt solutions in Scotland. Our Personal Insolvency business is firmly established as a leading provider of Protected Trust Deeds (the Scottish equivalent of IVAs) with a market share of approximately 15%.
Our Corporate team has grown rapidly in recent years and already enjoys an excellent reputation.
On 17 March 2006, Invocas Group plc floated on AIM and acquired the well established and profitable insolvency services business of the former Scottish insolvency practice of Haines Watts. The partners of that business remain as Board members.
Since inception, the business has operated successfully for almost ten years with offices now in Edinburgh, Glasgow, Aberdeen, Dundee and Altrincham.
Between 80% and 85% of Group turnover is derived from Protected Trust Deed work. Typically, up to 10% of turnover is generated from corporate insolvency with the balance comprising various other types of personal work including sequestration (the Scottish term for Bankruptcy), IVAs and debt management plans.
Invocas applies stringent minimum case acceptance criteria to Protected Trust Deeds. It will only accept a case if it is likely to progress smoothly to completion and result in a successful outcome which balances the interests of both the indebted individual and their creditors.
Our Newtomorrow service aims to provide indebted individuals with the right advice, first time, every time. This is achieved in a caring and professional manner by a team of highly experienced debt advisors delivering front line advice. Further information on Newtomorrow can be found at www.newtomorrow.com
If you have any queries, please email Stephen Lightley.
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