The flotation gives the company a market capitalisation of £10 million.
The company is a provider of Individual Voluntary Arrangements (IVAs), which allows people to clear their debts in a responsible way.
Record levels of consumer debt in the UK has led to rapid growth in the IVA market, which is appears to have less stigma attached to it than bankruptcy.
Simon Johnson, executive chairman of the company, said: “Admission to AIM is a significant and positive step for Money Debt and Credit as we seek to become a dominant brand within the UK IVA market.
“We are grateful to the Solomon Hare team for their efforts in ensuring a successful outcome.”
The company was advised Nick Reeve of Solomon Hare on the deal. He said: “We are delighted to have acted for Money Debt and Credit on this transaction.
“The management team have a proven track record and the business is now well positioned to take advantage of an exciting opportunity within a fast growing sector.”
Smith and Williamson Corporate Finance Limited acted as broker and legal advice came from Burges Salmon.
© Crimson Business Ltd. 2006