Cabot Credit Management achieves highest ranking in industry survey
Cabot Credit Management, a leading acquirer and manager of consumer debt, has been ranked number one in the OC&C Credit Management and Debt Collection industry survey for 2014 published by Credit Today.
Ken Stannard, CEO, Cabot Credit Management, said: "We are delighted to achieve first place in this well established and highly rated industry survey. The survey, which is set against financial, operational and strategic criteria, demonstrates the strengths we have in our business across the board. I would like to take this opportunity to congratulate all our staff who have played a key part in helping us achieve this excellent result."
This is the seventh survey that has been carried out by OC&C consultants who have worked as advisors on strategy, operational improvement and transactions in the sector, across the UK and Europe, for more than ten years.
In the report, which considered sixty-eight companies in total, they said: "Cabot has been very active at auction and has consolidated its scale leadership, now being close to £200m in annual revenues, and spending a whooping £125m in the first half of the year alone. It was the first DP to break through the £1bn ERC barrier, and looks likely to continue expansion at pace. It will be fascinating to see just how much benefit Cabot can derive from adding Marlin's legal skills to the larger business."
Cabot Credit Management has ranked highly in all the surveys and last year achieved second place behind one of its rivals Arrow Global.
About Cabot Credit Management
Cabot Credit Management is a market leading acquirer and manager of consumer debt. Divided into four specialist businesses, Cabot Financial, Cabot Financial Ireland, Apex Credit Management and Marlin Financial Group, it covers debt purchase, contingency collections, and customer tracing.
The combined Cabot Credit Management group has purchased assets of £11.2 billion, manages over £1 billion of assets on behalf of clients, collects over £25m per month on portfolios it owns and on behalf of clients, and has a 15 year unbroken track record of steady growth. The combined Cabot Credit Management group employs approximately 1000 people with offices in Kings Hill, Stratford-upon-Avon, Dublin, Worthing and London. The company prides itself on its ethical values and high standards. It has an impressive list of accolades including achieving Investors in People Gold and Champion awards and attaining a place in the Sunday Times Top 100 Best Companies To Work For - 2013 and Marlin being ranked in 30th in the Sunday Times Profit Track 100 - 2013, the only debt purchaser to be named. In addition Cabot Financial has a Quality Management System ISO 9001 since 2008.
The controlling shareholder of Cabot Credit Management is Encore Capital Group, an international speciality finance company providing debt recovery solutions for consumers and property owners across a broad range of assets.