Debts.co.uk outperformed the market after the personal insolvency specialist said trading for the year was in line with expectations.

The company is one of the only major individual voluntary agreement specialists not to have warned on profits this year, despite turmoil in the sector. Although IVA fees are likely to decline, Seymour Pierce said the process for securing agreements was likely to be simplified, which could increase the volume that can be registered by an insolvency practitioner. The shares slipped1 per cent to 94½p.