Ashcombe is pleased to announce that it has acted as exclusive financial advisor to Palladian Investment Partners LLP (“Palladian”) on its investment in PayPlan Limited (“PayPlan”). Completion of the transaction is subject to regulatory approval.

Founded in 1992 and led by CEO Rachel Duffey, PayPlan is the leading provider of free-to-consumer debt advice and payment plan solutions, working with more than 100,000 customers each year to resolve their problems of indebtedness in a structured way by putting in place and administering a series of affordable repayment plans.

Palladian’s investment, which is accompanied by an investment by PayPlan’s management team, will accelerate the rollout of enhanced digital services, delivering greater benefits for both borrowers and lending partners.

Doug Oppenheim, Co-Managing Partner of Palladian, said:

“PayPlan is a mission-driven business that every day helps thousands of people to achieve greater financial resilience. We are proud to be partnering with Rachel and her team and are looking forward to working with them to build a market champion delivering financial inclusivity at scale. We called upon Ashcombe a year ago to draw on their extensive experience in the UK credit management market – as expected, their advice in relation to this transaction has been invaluable throughout.”

Andreas Wesemann and Josh Black, Partner and Associate Director at Ashcombe, commented:

“We have known PayPlan and Palladian for many years. This is a strong partnership that will give Rachel the strategic support she has been looking for and Palladian a high-quality platform to develop a compelling, digital customer proposition for those who seek help with their financial indebtedness.”

Ashcombe advises Palladian on its investment in PayPlan

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