Arrow Global posts rise in income and results

Debt purchase and management business Arrow Global has announced its latest results posting a rise in both income and profits.

For the year to 31 December 2018, the company reported total income of £361.8m compared to £319m the prior period.

Commenting on the results, Lee Rochford, Group Chief Executive Officer of Arrow said “2018 was an important year as Arrow largely completed the build-out of its pan-European platform through the ‘One Arrow’ programme. This positions the business to deliver superior returns in a differentiated asset class through its broad access to niche markets and distinct operating skillset.

Within the period we were pleased with financial progress, showing strong cash generation, improved investment returns and a reduction in leverage ratios. At the same time, we exited a non-core geography through the sale of our small Belgian business and continued to add scale to our Asset Management and Servicing platform, which ends the year at GBP52.6 billion of assets under management.”

As we look to the year ahead, we are mindful of volatile market conditions and pockets of high competition but remain confident in our ability to deliver the goals we outlined at our November 2018 Capital Markets Day. We see potential for further growth, strong investment returns and continued momentum in capital-light revenues.”