CSA CEO appointed to FENCA board

27th June 2022 Appointments |

Chris Leslie, Chief Executive of the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has been elected to the board of the Federation of European National Collections Association (FENCA) today at the Associations Annual General Meeting (AGM) in Berlin. FENCA represents the interests of the European credit management, debt…

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CSA Awards opens for nominations

31st May 2022 Consumer Collections |

The Credit Services Association, the trade association for the debt collection & purchase sector, has launched its annual Membership Awards which is part of the Association’s annual conference – the UK Credit and Collections Conference (UKCCC). The awards are being held on Thursday 15th  September at Radisson Blu, Manchester Airport, and will celebrate the outstanding…

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Lowell announces growth in latest results

30th May 2022 Company News |

European credit management services, Lowell has announced continued growth in its latest results for the 3 months ended 31st March 2022. The results showed that collection performance was in line with forecasts at 98% whilst underlying collection performance remains strong, with the paying base performing at 99% of expected collections and default rate remaining low…

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Perch Group completes management buy-out

24th May 2022 Arrears and Recoveries |

Perch Group has announced it has completed of a management buy-out (MBO) and the creation of a significant new committed facility provided by Quilam Capital. The MBO will see the incumbent management team comprising Craig Hinchliffe, Andrew Bartle, Gary Edwards, Max Houghton, Simon Unsworth, and Quilam Capital, take control of the fast growing digital led…

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Lowell announces record results

European credit management services, Lowell says it has achieved record full-year results for the 12 months ended 31st December 2021. The company says collections have continued ahead of expectations across the Group with all regions performing ahead of forecast. Collection performance for the 12 months ended December 2021 vs December 2020 static pool is 106%.…

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Lowell to acquire Hoist Finance

European credit management services provider, Lowell has announced that will acquire Hoist Finance. The transaction includes the operations of Hoist Finance UK and its entire unsecured non-performing loan portfolio, comprising of over 2 million consumer accounts, almost exclusively in the credit card and personal loan sector. The transaction includes the operations of Hoist Finance UK…

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Secure Trust Bank to exit debt purchase sector

14th March 2022 Company News | #debt sale

Secure Trust Bank (STB’) has announced that it has decided to exit the debt purchase market. STB subsidiary, Debt Managers (Services) (DMS’, has agreed to sell its portfolio of loans to debt purchaser, Intrum UK. The portfolio comprises around 650,000 customer loans acquired from third parties and STB.  Intrum will acquire the rights of DMS…

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CSA appoints new board member

The Credit Services Association (CSA) has announced that Cabot Credit Management’s General Counsel Sarah Whiteley has been elected as a new board member. Whitely leads the legal, governance and company secretary functions for Cabot Credit Management across the UK and Europe and is a trusted advisor to C-Suite colleagues, stakeholders, the Cabot Holdco and subsidiary…

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Arrow Global Group acquires stake in real estate specialist

13th January 2022 Company News | #merger

Arrow Global has announced that it has acquired a significant minority stake in Maslow Capita, a provider of UK real estate development finance. Arrow says that the acquisition will help the existing Maslow management team, led by Chairman Marc Rose and CEO Ellis Sher, accelerate their ambitions to capitalise on opportunities in real estate development…

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Arrow Global launches corporate restructuring business in Portugal

26th November 2021 Company News |

Arrow Global, a European investor and alternative asset manager in credit and real estate, has announced the creation of a dedicated corporate restructuring business to cater to the growing market opportunity in Portugal. The new business builds on Arrow Global’s market-leading experience and capabilities in Portugal through its Whitestar and Norfin servicing and asset management…

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Lowell collections performance ahead of expectations

12th November 2021 Company News |

European debt purchaser, Lowell has said that collections have continued to perform ahead of expectations across the Group with all regions performing ahead of forecast. The company said, in its latest results for the 3 months ended 30th September 2021, that the UK, the recovery of the deferred collections has continued ahead of forecast expectation.…

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Link Financial acquires Polish credit management company

28th October 2021 Consumer Collections |

Link Financial Group has announced the completion of their acquisition of 100% of the shares of Obligo, a Polish credit management company based in Łódź. Obligo has a 20-year track record and deep experience in the industry having serviced more than 400,000 cases with a nominal value exceeding 1.7 billion PLN across performing and non-performing…

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Credit & Collections Technology Awards announces line up

Credit Connect has confirmed the line-up for next week’s Credit & Collections Technology Awards which takes place at the Midland Hotel in Manchester next Thursday (4th November). The awards are judged by a panel of industry experts who have reviewed technological excellence in four different categories sections: creditor and lender, collections and recoveries, applied technology, and…

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