European credit management services specialist Lowell has announced another positive quarter in its latest results for the period 1 April to 30 June 2019,The company says it has a strong pipeline across all regions with £166 million capital deployed on portfolio acquisitions in H1 2019

Colin Storrar, Group CEO, said ”I am really pleased to present another set of strong results, my first as Group CEO. Our excellent collections performance, widening margins and ability to continue to deploy capital at attractive returns are all once again evident in the results that we are presenting today.”

“We have again achieved good growth across our key metrics, and have continued the trend of margin growth – underlining the strong financial foundations of our business. We have continued to grow our business the right way: seeking the best rates of return from portfolios, investing in our capability and driving efficiencies where we see opportunities through collections innovation and the leveraging of our indirect cost base.”

“With this backdrop of excellent financial performance and a positive market environment, I am also very pleased to announce that we have bought back £33.5m of our 2023 Senior Unsecured Notes, marking a step in evolving our capital structure. Looking forward, we remain confident of managing our leverage in line with guidance.”