Debt Sale and Purchase

Hat trick for 1st Credit as it achieves top customer rating

Investor in Customers (IIC) awards 1st Credit a three star rating for ‘exceptional’ customer service for the third consecutive year.

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.

Lowell GFKL Group to acquire IS Inkasso Service (Austria)

Arrow Global to acquire InVesting BV (InVesting)

Arrow Global to acquire InVesting BV (InVesting), a debt purchaser and collections firm based in Belgium and the Netherlands, for £78.5 million (€100million)

Arrow Global acquire two purchasing firms Whitestar Asset Solutions and Gesphone both based in Portugal

Lowell Group and GFKL (Germany) merge

TBI Financial Services acquire Go Debt

Hoist Finance acquire Compello Group

Cabot Credit Management acquire Mortimer Clarke Solicitors

Cabot Credit Management acquire DLC