Credit, collections & insolvency news
Vehicle transportation and credit management firm, Anglia UK, is expanding its operations with the acquisition of an independent haulage provider. Chris Huxtable Vehicle Collection & Delivery will become part of the Anglia group of companies. The move further underlines Anglia’s presence in the vehicle transportation and logistics market where it offers a range of services…
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Aberdein Considine has announced that it is to merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses which will trade under the Aberdein Considine brand, will together employ over 480 staff and have a turnover of more than £32 million. Russel+Aitken Edinburgh LLP, which is based in the West…
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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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Variious news outlets have reported that open banking specialist, Credit Kudos has been acquired by Apple as it increases its drive into the payments space. Reports suggest that Apple closed the deal with Credit Kudos this week, marking its first move into the UK open banking space, It is predicted that the acquisition could related to a…
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Marston Holdings, a provider of integrated technology-enabled solutions from design through to implementation, management and recovery, has announced it has acquired Grosvenor Services Group (GSG), supplier of specialist services to utilities. GSG will form part of Engage, a technology-driven field services provider that conducts over 50,000 visits to people, businesses and their properties every month…
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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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DataTrace UK, a tracing and contact agency has recently been acquired by The Broadriver Group. Established in 1991, DataTrace UK provides specialist global tracing and information services to local authorities, enforcement agents, educational institutions, utilities companies and those working in the financial sector. The acquisition will further strengthen The Broadriver Group’s portfolio, which includes Controlaccount…
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Global credit data and risk intelligence specialist, Creditsafe has announced the acquisition of Graydon. Graydon has been in operation for over 130 years and has been for the last 5 years a 100% subsidiary of Atradius the leading global credit insurer. Graydon is the market leader in B2B information services in the Netherlands and Belgium,…
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A collective of industry experts from across the consumer credit, debt advice, collections, insolvency, and fintech sectors have joined together to launch ‘debt-tech’ firm Trustfolio which has acquired TIPTrust and Asperitas Technologies. Trustfolio’s mission is to enable better debt solutions and advice through powerful, bespoke technology that makes the process more efficient, cost-effective, and secure…
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Aryza has announced it is accelerating its European roll-out through the acquisition of Collenda, a leading DACH and Benelux credit management software provider. Collenda provides an end-to-end integrated credit lifecycle platform for banks, corporates, and debt collection agencies. It covers the entire credit value chain from origination and servicing to collection and recovery. The Collenda…
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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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Pollen Street Capital has agreed on a sale of Aryza Holdings. Aryza will be acquired by Atlas Bidco 1, a company owned by Macquarie Capital Principal Finance, Pollen Street, and Aryza senior management. Pollen Street, and Aryza senior management state that all parties are excited by the future growth potential of the high-quality software platform,…
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Debt Purchaser, Lantern has agreed terms to acquire Sonex Financial. Based in Llanelli, West Wales, debt collection agency, Sonex is a longstanding operator with a particular specialism working with vulnerable customers. Its clients include several of the Big Six energy companies in the UK, to which Sonex provides vulnerable customer-focused engagement and management services. Following…
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