In Reference Appointments & Updates
firm for an undisclosed sum. The transaction sees Mr Smith take an equal shareholding with joint managing directors Tom Flannery and David Jones, with Johannesburg-listed Tradehold retaining its majority stake in the group. Mr Flannery said: “This transaction is
very much part of our long-term strategic plan. Nick joined the business last year to lead our sales and marketing efforts and stage two was always about an equity stake for him.”
Lowell has recorded a strong set of results for the period 1 January to 31 March 2017. They include a 37% year-on-year increase in cash income to £148m; a 32% year-on- year increase in cash EBITDA to £78m; and a 23% year-on-year increase in ERC to £1.8bn. Colin Storrar, CFO Lowell, said: “Lowell
has again delivered strong quarterly growth across its metrics. This is a consistent performance from the now fully integrated group which demonstrates continued good operational strategy and execution. With our strategy focused on expansion and diversification, these results, combined with the strong foundations we have in place, enable us to view 2017 with confidence.”
Arrow Global Group and its subsidiaries have announces its results for the three months ended 31 March 2017. Lee Rochford, group chief executive, said:
“In the first quarter, Arrow Global delivered another impressive quarter of profitable growth. Revenues grew 45% and underlying profit after tax was up 37%. “It was a strong start to the year for
origination activity, with organic purchases of £77.4m, reflecting the strength of our European franchise where we have built leading positions in our chosen markets. Approximately two-thirds of this came from off-market trades, demonstrating the unique aspects of our business model.”
Liquid Voice has announced the appointment of Chris Berry as managing director of its UK operation. He said: “I am delighted to have been
appointed managing director to steer Liquid Voice through its next period of significant
June 2017
Wescot Credit Services is celebrating a recent win at the UK National Contact Centre Awards. Kerry Barker won the gold award for Team Manager of the Year 2017. Orjan Pettersen, head of contingent operations, said:
“This award reflects the professional and highly ethical service provided by Wescot when dealing with our customers. The fact that three of our managers were shortlisted in the top 10 finalists in this leading national contact-centre award across all UK industries also recognises our breath of talent that benefits our customers and employees. We are extremely proud of all three and very pleased for Kerry for her deserved accolade.”
growth. As well as building our sales, support and administration teams, I relish the opportunity to forge even closer relationships with our expanding network of specialist voice-recording distribution and ISV reseller partners to further extend our market leadership.”
Rimilia has appointed Stephen Halliday as head of development. He said: “After almost two decades of working with blue- chip utility and carrier-logistics businesses, I have plenty of first-hand experience of the problems faced each day by finance teams. “I am delighted to have joined the team
at Rimilia, so that together we can continue the journey of enlightening businesses on the benefits of implementing robotic-process- automation solutions which will transform their accounts receivable operations.”
Mazars has announced it is now a Platinum Xero partner. The firm has gone from Gold to Platinum status since partnering with Xero in 2013. Margaret Laidlaw, Mazars partner and head of SME UK said:
Kerry Barker
“Reaching this top-level status with Xero is proof that more SME clients are asking our advice around the most modern methods to help manage their business more efficiently. “Mazars is committed to continually
innovating and this includes sourcing the latest technology to provide the most efficient services to our SME clients. Cloud technology has reshaped business and we are witnessing a rise in ‘global small business’ operating outside traditional boundaries.”
Close Brothers Group has announced the acquisition of Novitas. The Salisbury-based firm will become part of Close Brothers Invoice Finance and Rentals, led by David Thomson. Mr Thomson said: “We are committed
to growing our market-leading working- capital funding proposition both organically and with selective and high-quality acquisitions. The acquisition of Novitas fits perfectly with this strategy and we are looking forward to working with a strong team of people in an area where we anticipate a strong growth trajectory.”
John Ricketts has joined Ardent Credit Services as managing director. The appointment, effective 1 June, sees Mr Ricketts, who is president of the Credit Services Association, take the reins at the DCA in its twentieth anniversary year. Existing managing director and founder, Steve Murray, will take on the role of CEO and focus on service excellence and driving the company’s digital agenda. Mr Murray said: “Growth requires strong foundations and John’s appointment is an important addition to our talented team.”
John Ricketts and Steve Murray
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