Norton Finance Group is stopping all debt management work by subsidiaries Ashley Park Solutions and Express Debt Solutions and is in consultations with 31 staff.
The consultations began on 15 March and will run for 30 days.
The group employs 210 staff in total.
Norton Finance Group loans and mortgages director Paul Stringer says: “This decision has been made for commercial reasons.
“The remaining Norton Finance Group companies are unaffected by this proposal and will continue as normal.”
Norton Group has lending and broking arms.