Hoist Finance appoints new Commercial Director

3rd April 2025 Appointments |

Hoist Finance has announced that it has appointed of Sam Joshi as Commercial Director. Joshi will support the business to grow as it refocuses its operations in the UK to concentrate solely on becoming the country’s premier acquirer of consumer debt portfolios from the banking- and wider lending community. Joshi has a career that spans…

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CSA appoints new Chair

28th February 2025 Appointments | #appointments

The Credit Service Association (CSA), the UK trade body for the debt collection and purchase industry, has appointed Desmond Hudson as its new independent Chair. Hudson’s career spans several high-profile positions, including Chief Executive of the Law Society of England & Wales and the Institute of Chartered Accountants of Scotland. His tenure in these roles…

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Carrington Dean acquires personal insolvency book from Interpath

12th February 2025 Company News |

Personal insolvency provider Carrington Dean has announced that has acquired personal insolvency business, Cleanslate from Interpath. Cleanslate is part of Interpath, an international advisory firm which specialises in the provision of advisory and restructuring services to businesses, their investors and their stakeholders. Carrington Dean is based in Scotland and is part of the Creditfix Group.…

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Wbg acquires Scottish personal insolvency book from Azets

Accountancy firm, Wbg has announced that it has acquired the Scottish personal insolvency ‘book’ of accountants and business advisors Azets for an undisclosed sum. Donald McKinnon, Wbg COO, said the deal showcased the firm’s long-standing involvement in the personal insolvency market and commitment to it as a vital part of its rapidly-expanding business. “We’re delighted…

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Inaugural Credit & Collections Industry Awards announces 2024 shortlist

Credit Connect has announced the shortlist of companies and partnerships for this year’s first-ever annual Credit & Collections Industry Awards. The shortlist for the inaugural awards consists of 64 entrants with over 50 companies in the running to win the first-ever awards. Credit Connect’s panel of judges has now compiled the shortlist for the fourteen…

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Perch Group secures £210m funding growth package

31st May 2024 Company News |

Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it has completed a £210 million funding package to support its next stage of growth. This package comprises £105 million of initial commitments with the ability to scale as the Group continues its growth journey. The transaction sees Shawbrook Bank and Paragon Bank…

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Regulators warn against threatening collections tactics

Members of the UK Regulators’ Network (UKRN) the Financial Conduct Authority (FC) FCA, Ofgem, Ofwat, and Ofcom, have published a joint letter setting out shared expectations in relation to debt collection and customers experiencing financial difficulty. The letter calls on companies to improve their debt collection practices, after identifying shortcomings across the financial services industry,…

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Perch Group secures £90m growth funding package

18th September 2023 Company News | #growth funding

Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it has successfully completed on two facilities with a combined value of £90 million to enable the next stage of its ambitious growth plans.  The fresh new capital comprises of a new NatWest-led banking syndicate, which includes Hampshire Trust Bank, and a material…

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Co-operative Bank buys mortgage portfolio from Sainsbury’s Bank

The Co-operative Bank has announced that it has purchased the mortgage portfolio of Sainsbury’s Bank for £464 million. The sale marks Sainsbury’s Bank’s formal exit from the UK mortgage market, with it having ceased new lending in 2019. The portfolio contains around 3,500 customers and is worth nearly £480 million.  Sainsbury’s Bank will transfer its mortgage customers to Co-op…

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Intrum and Aryza agree dutch partnership

25th July 2023 Company News |

European credit management service provider, Intrum has announced a partnership with Aryza Group to leverage its software solution in the Netherlands. The credit management specialist has implemented Aryza Control software which will enable Intrum to distinguish between individuals who are genuinely unable to pay and those who are unwilling to fulfil their obligations, enabling them…

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Lantern raises syndicate financing facility

6th June 2023 Company News | #debt sale

Specialist debt purchasing and customer management services provider, Lantern has announced that it has raised a syndicate financing facility with specialist banks Hampshire Trust Bank, Paragon and Shawbrook and alternative investment firm, BCI Capital The EY FS Corporate Finance team has recently advised Lantern on the completion of a £97.5 million amendment, refinance and extension…

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Perch Group announces new client team appointments 

10th May 2023 Appointments | #appointments

Debt purchase, collections and litigation specialist, Perch Group has announced the appointment of Rob Oxley as Origination Director and Bronia O’Regan as Lead Implementation Manager. Oxley brings 13 years’ experience in senior client facing roles within the credit risk and collections industry to Perch Group. Four of those years were spent at TransUnion and six…

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Lowell announces growth despite consumer challenges

27th April 2023 Company News |

European credit management services specialist, Lowell has announced its full-year results for the 12 months ended 31st December 2022. The company showed that cash income and cash EBITDA growth of 8% and 7% respectively YoY with Cash EBTIDA margin held flat at 59% YoY as guided. Lowell also showed a strong collection performance at 101%…

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