Also known as: Gregory Pennington; Money Wellness
Gregory Pennington Limited is a UK debt management company that provides Debt Management Plans (DMPs) and Individual Voluntary Arrangements (IVAs) to people struggling with unsecured debt. It is a commercial company that charges fees for its services.
A Debt Management Plan through Gregory Pennington involves making a single affordable monthly payment, which the company then distributes to your creditors. An IVA is a formal legal insolvency arrangement that runs for five or six years, after which any remaining debt in the IVA is written off.
Because Gregory Pennington is a fee-charging business, it is important to understand exactly what you will pay before agreeing to any service. For DMPs, fees are usually deducted from your monthly payment before it reaches creditors. For IVAs, fees are taken from your contributions and can be substantial. Understanding these costs helps you compare them against free alternatives.
The same debt solutions offered by Gregory Pennington are available free of charge through charities such as StepChange and PayPlan. Before committing to a paid debt management service, it is always worth contacting a free provider to understand your options at no cost.
Gregory Pennington is authorised and regulated by the Financial Conduct Authority. Their details can be verified at register.fca.org.uk.
Free alternatives are available from StepChange on 0800 138 1111, PayPlan at payplan.com, National Debtline on 0808 808 4000, and Citizens Advice. These organisations can provide the same advice and in many cases the same solutions at no cost to you.
Quick summary
Always verify this information directly with the company, the FCA Register and Companies House before relying on it.
Free regulated debt advice — start here
If you are struggling with debt, arrears, or feel under pressure to pay, contact a free regulated debt advice service before taking any action. These services are confidential and free to use.
These are general questions that may be relevant to your situation. They are not personalised advice.
Always use contact details from Gregory Pennington Limited’s official website ↗ or the FCA Register — not from unexpected letters or messages.
Main products and services
Debt management plans; IVA (via sister firms Freeman Jones, Wilson Andrews); Bankruptcy advice; Full range of UK debt solutions
Trading names and group notes
100% owned by Financial Wellness Group Limited (Companies House 05254787). Sister firms include Freeman Jones and Wilson Andrews. Money Wellness is a trading style.Review scores are third-party public indicators only. They are not proof of FCA compliance, product quality, or suitability for your circumstances.
No review data available.
Get free qualified debt advice first
Before making any payment decision or agreeing to a plan, speak to a free regulated debt adviser who can review your full situation.
Organise your budget before making any decisions
Before making any payment decisions about a debt, get free qualified debt advice from StepChange, National Debtline or Citizens Advice. Ask Fin can also help you understand your monthly income and outgoings more clearly — but is not a substitute for regulated debt advice. General guidance only.
Explore Ask Fin — £4.99/monthGeneral guidance tools only. Not regulated advice.
Answers are general guidance only. Rules and procedures may change. Always verify with the company or a qualified adviser.
Source URLs used in preparing this record
Date checked
2026-06-05
Next review due
Periodic review
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