LONDON (SHARECAST) - Consumer financial solutions provider Accuma has acquired consumer debt advice group Thomas Charles & Co.
The group said the acquisition is for an initial consideration of £2m with up to a further £10.5m payable under a three-year earn out.
Founders of Thomas Charles, James Falla and William Berry, will remain with the business and work closely with the board of Accuma.
"I am delighted to welcome Thomas Charles as part of the Accuma group. This acquisition complements our core offering, will be immediately earnings enhancing and will of course increase our monthly run rate and market share," said Accuma chief executive Charles Howson.
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