Member Article

Major Expansion for AFA Insolvency

Manchester-based firm AFA Insolvency is celebrating its exponential growth after securing a place in the top 5 insolvency practitioners in the UK.

At only 3 years old, the business, which is part of the larger AFA Group is located in contemporary offices in Universal Square, Manchester, has amassed over 3500 clients and following AFA Insolvency securing its best ever month, with almost 400 cases proceeding.

The company’s meteoric rise can be attributed to a number of factors. These include its very timely offering of debt solutions to individuals, at a time of economic hardship for many, its staunch commitment to customer service, shown by its industry leading 4.9 Trust Pilot Rating, and its substantial investment from AFA Group Founder & CEO Fiaz Ashraf, who has injected £2.5 million into AFA Insolvency in the past 3 years. These factors combined have allowed the business to scale up significantly and take market share in a mature market with many well-established practitioners.

AFA Insolvency specialises in helping people clear their unaffordable debt by repaying only what they can afford to their creditors over a fixed period of time.

Fiaz Ashraf explains: “We entered a very crowded and established industry, however we have invested heavily in our brand, and in recruiting the highest calibre employees, many of which are highly experienced insolvency professionals, and this investment is now being realised, as can be seen by our national positioning with the market.”

Daniel Hunt, MD of AFA Insolvency joined the business in its infancy 2.5 years ago, bringing with him considerable senior level experience in debt management. Daniel adds: “We have seen a major shift over the past few years, from people struggling to pay off their credit cards to individuals who are now not able to meet their gas and electric payments. Our specialist team has been the lifeline for the vast majority of our clients, reviewing their current debt situation and tailoring a practical, affordable and achievable debt solution to suit them and provide expert advice, enabling them to still enjoy life.”

This was posted in Bdaily's Members' News section by Melissa Chawner .