It is now one year since the Lowell Group entered the UK Debt Purchase sector. The Group is already one of the leading purchasers of non-performing consumer debt in the UK, with over 600,000 delinquent accounts currently being serviced from a 400 seat call centre in the heart of the financial centre of Leeds, England.
The Lowell Group was formed after CS Capital Partners II LP (an English Limited Partnership) merged Premier Seekers Limited and FTS (North) Limited. Cabot Square Capital Limited, the Manager of the fund has a successful track record in the sector, following it?s prior investment in Cabot Financial Europe Ltd. Premier Seekers Limited and FTS (North) Limited, had traded in the debt collection and trace sectors since 1995 and had a strong management team with extensive experience in the credit services industry. James Cornell was retained as CEO of the Lowell Group. The management team were introduced by Kevin Still, Senior Vice President of Credit Professionals Limited (CPL). CPL specialise in the provision of strategic consultancy, M &A support and senior credit recruitment services.
The Lowell Group specialises in the purchase and servicing of delinquent debt from a range of consumer credit granters, including; banks, credit card issuers, telecoms/mobile providers, utilities, finance houses, retail credit and home entertainment providers. The Group recognises the dramatic growth in the UK debt purchase sector and has the financial, operational and analytical resources to manage large single placement and forward flow portfolios.
Recent transactions include significant purchase agreements with several UK high street banks, credit card issuers and retail credit/home shopping providers.
The Lowell Group believes that it differentiates itself by offering its clients:
- A high energy and innovative executive team
- Excellent open and transparent relationship management at all points of contact
- Substantial funding lines for single and forward flow debt purchase agreements
- A complete range of debt purchasing solutions, fully integrated to provide bespoke client solutions
- Significant experience in working different product & aged debt portfolio profiles
- A thorough and streamlined bid process geared to timely contractual agreement
- Substantial capacity to grow
- Commitment to reciprocate information
- A major commitment to staff and performance management based upon continuous improvement
- Emphasis on using technology and analytical techniques to improve operational performance and debtor contact strategies
- A highly ethical and compliant approach
The Group is an established member of the UK Credit Services Association (CSA) and a founder member of the Debt Buyers & Sellers Group (DBSG).
