Debt Management firm Debt Release Direct (DRD) has ceased trading. Ben Woolrych and Anthony Collier of FRP Advisory LLP together with Paul Boyle and Tom Bowes of Harrisons Business Recovery and Insolvency Limited were appointed as Joint Administrators.

Prior to the appointment of the Joint Administrators, DRD concluded that it was no longer in a position to manage existing debt management plans and entered into an agreement with an alternative provider to provide advice. According to a statement on the company’s website all former customers of Debt Release Direct should have received confirmation of the alternative provider. Debt Release Direct also traded as Release Money Management.