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Grant Thornton UK LLP acquires, the online debt solution and advice company, has been acquired by Grant Thornton UK LLP, a leading business and financial advisory firm.

Debtwizard was formed in 2005 to provide free and impartial debt advice to consumers and over years has provided debt solutions to thousands of people facing insolvency or bankruptcy.

Mike Thomas, Debtwizard founder, will continue to play a role in the development of the Debtwizard brand, set an objective to identify a purchaser with the desire and ability to take the business forward as a major debt help resource for over-indebted consumers.

Mike said “I am delighted that I have secured a credible and well respected buyer in Grant Thornton, who intend to develop the DebtWizard brand further.  I am looking forward to working together to ensure DebtWizard continues to be at the forefront of support for consumers in need of debt resolution services throughout the United Kingdom.”

Grant Thornton UK LLP Debt Services has helped thousands of people with debt problems for over 20 years, and is widely recognised as one of the UK’s leading advisers on debt.

Gareth Neill,  Recovery and Reorganisation Partner at Grant Thornton, said: "Financial problems can affect people from all walks of life, in different ways. We understand that money worries add up to more than just numbers and take a truly personal and sympathetic approach to helping thousands of people each year resolve their debt problems.  The acquisition of Debtwizard enables us to offer more to those who need support with debt management and helps us to achieve our goal of providing the support and advice needed to regain control."