Manchester’s Think Money specialises in offering financial advice and services to people who are struggling with debt. The company’s largest subsidiary, Gregory Pennington, manages debts for clients, agreeing a single monthly payment with them and taking over negotiations with creditors. Its Think Banking arm provides a managed banking service for its clients through accounts held with Royal Bank of Scotland. The company is led by Stephen Stylianou, and Alchemy Partners backed a £110m secondary buyout last year from ECI Partners. Profits have grown 57% a year, from £2.5m in 2004 to £9.8m in 2007.
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