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DEMSA was established in December 2000 in order to promote good practice in the debt management industry, and to protect the interests of the public and the lenders to whom they owe money. Debt management companies act on behalf of borrowers to help them to clear their debts. They do this by entering into direct negotiations with creditors in order to facilitate the repayment of debts. In return for their services debt management companies are generally paid a fee by the borrowers. Membership of DEMSA is reliant upon debt management companies being able to demonstrate that they comply with the standards set out in the DEMSA Code of Conduct. The Code has been developed in consultation with
a number of debt management companies and major lenders. The aim of the
Code, and that of DEMSA,
is to encourage debt management companies to provide services of the highest
standards in which the public and the credit industry can have confidence.
Michael Land Michael Land founded Northern Television, which was sold in to Granada Group plc, when he was appointed a Director of Granada Retail Ltd, was principally concerned with acquisitions. From 1976 to 1998 he built up two food companies, both of which were sold to plc's, and both of which supplied products to all the major supermarket groups in the UK. (He was the man who brought popcorn to British cinemas in the 1970's). His most recent business venture was the founding of Whilst his area of expertise lay principally in the snack food and leisure industries, where he was the majority shareholder in these businesses, he spent some years earlier in developing finance and related businesses. Having retired 3 times, Mr Land does not enjoy the inactivity, and has returned to the business world swiftly following each retirement. He is Chairman of DEMSA, an organisation he founded during his short period with DMA, together with Lord Harris of Haringey. |
. Michael Land |
