All Clear Finance

All Clear Finance has been bought by Inflexion for an undisclosed amount. Inflexion invested £6.3m and took a substantial minority stake, with the balance held between the management and the two private individuals who acted as vendors. Royal Bank of Scotland provided £5m of debt in the form of a revolving credit facility. The deal took about three months to complete and was brought to Inflexion through Dow Schofield Watts, its corporate finance advisers.

Company

Founded in 1998, All Clear Finance is a financial solutions and debt advisory business targeting the UK’s growing consumer credit market. The investment is expected to help broaden All Clear’s service proposition, including providing increased access to needs-based, advice driven debt solutions through a best advice model. Employing 47 members of staff and based in Timperly in the North West, All Clear recently made the Sunday Times FASTTRACK 50. The company’s turnover, in the year ending March 2005, was £10m.

People

Tim Smallbone and Andrew Mainwaring brokered the deal for Inflexion, and Smallwood will join the board as a non-executive director. Phil Mason acted for the Royal Bank of Scotland.

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