Debt Purchaser Lowell has announced its latest results for its full year ended 31 December 2017. The results show double-digit growth across all key metrics. The addition of the Carve-out Business from Intrum as a new Nordic region, which successfully completed after the close of the period, brings further strategic diversification and growth opportunities for the Group. Highlights from the results include:

  • Cash Income up 22% to £59 0million
  • Growth driven by 20% increase in Debt Purchase cash collections
  • Growth driven by  32% increase in 3rd Party Collections (3PC) income

James Cornell, CEO Lowell, said “The last 12 months have been a period of significant change for our business: embedding the new brand and the acquisition of the Carve-out Business from Intrum. But this is how we consistently deliver for our stakeholders – better results through continued innovation, investment and improvement. And within this, we kept sight of our mission – to make credit work better for all; helping our clients thrive, and getting our customers’ finances back on track.”

“The figures reported today show a diversifying business that is building platforms for growth on the solid foundations of prudence and sustainability. These are strong results that reinforce our confidence in our strategy and how we do business, this is the Lowell way.”