In Reference Appointments & Updates Appointments & Updates
of our forecasting accuracy and prudent approach to pricing.”
The Registry Trust has published figures showing that in the first quarter of 2019, 321,044 County Court Judgments (CCJs) were registered against consumers in England and Wales, a record high and up 5% on the same quarter of 2018. Jane Tully, director of external affairs at
the Money Advice Trust, said: “The continued rise in the number of CCJs is a worrying trend and shows the financial challenges many people are facing. “While these latest figures show the number
of CCJs against consumers at record levels, the overall amounts owed are decreasing.”
Arrow Global Group has announced its results for the three months ended 31 March. Lee Rochford, group chief executive
officer, said: “Our strong focus on returns and an improving pricing environment means that we took the decision in the first quarter to purchase fewer portfolios, conserving investment firepower for later in the year. Our strong pipeline visibility means that we remain confident in achieving around £250m of portfolio purchases at our target returns. “Arrow Global is a highly cash generative
business and this is evident when purchases are scaled back, driving the three-point reduction in leverage from 3.7x at the full year to 3.4x at the end of Q1. While
Bibby Financial Services (BFS) has provided a £1.5m funding facility to Dorset-based Ensign Communications, a respected network infrastructure provider of over 30 years to businesses including JD Sports, Peel Ports, and English Heritage. Chris Sygrove, corporate manager, BFS, added: “Ensign
has an impressive reputation that spans multiple industries and the recent merger has strengthened its proposition for complete end to end network solutions. “The funding facility we have designed will help the
Adam Jarvis
business realise further potential with its cashflow and allow Adam Jarvis and his team to focus their attention on unlocking new avenues for growth. We look forward to supporting the business as it establishes itself as a one stop shop for enterprise network infrastructures.”
leverage is likely to modestly rise from here as purchases increase, before trending down again by year end, we remain confident that our target leverage range of 3.0x to 3.5x is a sustainable level for the business.”
Target Group has announced the appointment of Stuart Anderson as chief commercial officer. Ian Larkin, CEO of Target Group, said:
“I am thrilled to be bringing someone of Stuart’s calibre into Target Group. His expertise and experience in business development and building strategic relationships will be crucial to us achieving our ambitious growth strategy. Stuart has a wealth of knowledge of how BPO can be used to help businesses thrive and he will be playing a critical role in supporting
Cautious car buyers are no longer ‘maxing-out’ on their borrowing ability, and are increasingly choosing vehicles priced below the amount of the loan for which they qualify. That is the finding of Specialist Motor Finance (SMF),
which says it will shortly be reducing by 25% the minimum loan it is prepared to advance for car purchases. David Challinor, managing director of SMF, said: “I
think we are witnessing a reluctance among some customers to take their borrowing to the limit, even when this has already been set at a realistic level. “They would rather sacrifice the size of car they buy, or drop down a level
David Challinor
of refinement, in order to create a bigger buffer between their income and outgoings.”
June 2019
www.CCRMagazine.com
our clients and prospects with the complex mix of challenges they face today. “With the increasing pace of change in the
financial services and public sectors, it is vital we continue to invest in and develop our client teams. Our clients are at the heart of our company, and continually enhancing these relationships directly contributes to their success.”
Cabot Credit Management has announced the financial results for three months ending 31 March 2019. Ken Stannard, chief executive officer,
Cabot Credit Management, said: “Cabot has continued to deliver on our commitments to customers, clients and investors through Q1 2019. Internal and external customer satisfaction data is at record levels and FCA and FOS data confirms that our UK debt purchase business continues to outperform the industry in terms of complaint handling. “Our UK debt collection service is also
continuing to receive extremely low levels of FOS complaints in relation to the size of its business. We continued to grow our pipeline of business process outsourcing opportunities as a result of the provision of our bespoke credit management solutions to help address our clients’ escalating needs.”
Equifax has moved offices to 1 Angel Court, Bank, at the heart of the City of London.
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