Credit, Collections & Insolvency News
Marston Holdings (Marston) is pleased to announce that Daniela Quicksilver has joined the Group as Corporate Strategy Director. Quicksilver previously worked at Rothschild, where she worked for the private debt fund, Five Arrows Credit Solutions. She was closely involved with the fund’s investment in Marston, and therefore has nearly three years experience working with the Group.…
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Elevate UK has added four new members to its executive team. Lauren Darby joins as Vice President of Marketing, Karen Taylor as General Counsel & Director of HR, George Power as Senior Director for Product Development, and Steve Grice as Chief Technology Officer. Lauren Darby is heading up Elevate UK’s marketing division, which includes leading…
Read moreTotallyMoney.com has hired Tom Platt to head up its commercial team. Platt starts the new role as Chief Commercial Officer in late November. With over 15 years of experience working in the financial services and technology sectors, Tom joins TotallyMoney.com from leading cloud services platform provider BCSG, where he oversaw global sales and partnerships. Prior…
Read moreGFKL Lowell Group has announced the appointment of Thomas Dold, previously CEO of Tesch Inkasso Group, as DACH (Germany, Austria, and Switzerland) Regional Manager with immediate effect. The Regional Manager role is a new one for the Group and is introduced to bring the capacity and capability necessary to drive the Group’s growth. Thomas Dold…
Read moreIntrum Justitia has entered into an agreement to acquire 1st Credit, a mid-sized purchased debt company in the United Kingdom. The purchase price on a cash and debt free basis is about £130 million, attributable to a diversified portfolio of receivables, deriving from investments from several sellers in the financial industry. 1st Credit generated earnings…
Read moreArrow Global Group PLC has announced is results for the nine months ended 30 September 2016 (“Q3 2016”). Tom Drury, Group chief executive officer of Arrow Global said “Arrow Global continues to expand its European footprint and client offering across attractive markets where the Group is targeting leadership positions. This coupled with a high-quality and diversified…
Read moreMarston Holdings has announced that Alistair Townsend has joined the business as Group Client Services Director. Townsend was previously Head of Revenues and Benefits at Milton Keynes Council. He joins the Group with extensive knowledge of local taxation, revenue collection and local government. He has represented local government on a number of working groups for…
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Central Trust has announced the appointment of a Regulatory Consultant to its board of directors. Jane McMahon has joined the second charge mortgage lender as a regulatory consultant. As well as Central Trust, McMahon has also been appointed as regulatory consultant for Central Trust Syndicate Number One Limited, Central Loans Limited, Commercial Trust Limited and…
Read moreLindorff has announced a strong a strong performance in Q3 2016. Net revenue in the quarter was EUR 167m, an increase of 26 percent compared to the same quarter last year, and adjusted EBITDA excluding non-recurring items was up 32 percent to EUR 110m compared to the same quarter last year. The growth was driven…
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http://www.cityam.com/252276/challenger-bank-cybg-confirms-williams-glyn-takeover-talks
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http://www.cityam.com/252161/visas-profits-jump-28-per-cent-consumer-spending-spree
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Company directors could be fined up to £500,000 if their business is behind nuisance phone calls, under government moves to clamp down on the problem. The law is to be changed in Spring 2017 to make directors personally liable for breaches of regulations. At the moment only firms can be fined for ignoring rules on cold calling,…
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Wage Day Advance has revealed that the cost of becoming regulated has resulted in a post-tax loss of £7.7million for the year ending 31st December 2015. In recently published accounts, the lender revealed it had made a loss in 2015 after making a post-tax profit of £3.4million for the year before. Wage Day Advance put…
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