Credit, Collections & Insolvency News
Arrow Global Group PLC have received their full Financial Conduct Authority (FCA) authorisation. The group includes Capquest Debt Recovery. Commenting, Tom Drury, Group Chief Executive Officer, said: “We are delighted to have received the necessary FCA authorisations. They are an important milestone for the Group and are core to delivering on our strategy.”
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Close Brothers Motor Finance has expanded its Motorcycle Division with the appointments of Lee Collins and Paul Crossley as Motorcycle Account Specialists
Read moreLeadAffinity.com has launched a new strategic partnership with Cashfloat.co.uk, a trading style of Western Circle Ltd (WCL). The partnership agreement has a mutual aim of ensuring its customers have access to Cashfloat.co.uk as a lender and any customers that are not eligible for a Cashfloat.co.uk loan have access to the lending panel of LeadAffinity.com Lead Affinity, a trading…
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Mondo has become the latest company to gain a banking licence from the Financial Conduct Authority (FCA). The bank will be available as a mobile phone app, will focus on digital current account services. Mondo was founded by Tom Blomfield, who has raised £1 million from a crowdfunding platform. The bank has also had about £7 million support…
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Lowell GFKL Group has announced that it has acquired Tesch Inkasso, a German third party collections company. Lowell GFKL Group, backed by the Permira Funds and Ontario Teachers’ Pension Plan, has entered into an agreement to acquire Tesch Inkasso Group from Avedon Capital Partners and the other existing shareholders. Closing is subject to certain regulatory…
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Lowell GFKL Group has announced its second quarter results ending 30th June 2016. The results highlighted that Non Preforming Loan (NPL) portfolio acquisitions were up 27% to £247millions in the last 12 months and than an excess of £175 million of portfolio acquisitions have already closed and are contractually committed for 2016. Commenting on the results, Colin Storrar…
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Alex Hilton-Baird, Chief Executive Officer and founder of Hilton Baird took part in the Thames Marathon Bridge to Bridge 14km swim in support of Wessex Cancer Trust last weekend raising over £1,300. Hilton-Baird’s father was diagnosed with bowel cancer in 2013 – completed the 14km stretch of the River Thames between Henley and Marlow in four…
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Noble Systems has been announced as a winner at the 2016 Tech Culture Awards winner by TMCnet. The Award honours technology organisations who have developed a positive, productive and performance-driven culture and fostered a creative, collaborative workplace environment. To receive the award, Noble Systems demonstrated its commitment to growth through providing a truly distinct and upbeat environment.…
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Freedom Finance’s finance merger completion will mean that 15 people will join from Sensible Homes Loans and the company will operate from two sites, Manchester and Doncaster. Andrew Fisher, Managing Director of Freedom Mortgages and Freedom Finance second charge mortgages department said “The merging of Freedom Finance and Sensible Home Loans is a key part of the…
Read moreSteve Humm has been appointed new Chief Operating Officer of Callcredit Information Group.
Read moreMitratech have acquired Hitec Laboratories. Hitec Laboratories specialise in Governance, Risk, and Compliance and Information Governance software, Miratec is a provider of legal, compliance, and operational risk solutions. Mitratech also acquired CMO Software in June,
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Marston Holdings has announced that it has acquired field collections specialist Engage Services. Engage Services provide field collections services throughout the UK for utilities, financial services and public sector clients.
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Marston Holdings (Marston) has confirmed that subsidiary Rossendales has been granted full authorisation by the Financial Conduct Authority (FCA). Rossendales is the second Marston business to become fully authorised. Burlington Credit was authorised in 2014.
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