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09 May 2018
Cabot Credit Management delivers strong performance as Encore announces Cabot is to become a wholly owned subsidiary
Ken Stannard, Chief Executive Officer, Cabot Credit Management, said: "Cabot Credit Management has again delivered another excellent first quarter performance with Debt Purchase Collections and Servicing performing strongly. Helped by continued strong performance from Wescot, servicing revenue grew by an impressive 196% versus the same quarter last year and is becoming an increasingly important source of revenue. This growth was underpinned by continued discipline in capital deployment, with an additional £50 million deployed in the past quarter helping raise our 120 month ERC by 11% to £2.4bn compared to Q1 ’17."
22 February 2018
Cabot Credit Management expands its UK and European operations and delivers record results with continued profitable growth
Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for the twelve months ending December 2017.
16 November 2017
Cabot Credit Management Update on Intention on Float
Cabot Credit Management (Cabot), the UK’s leading credit management services provider, announces that it will not be proceeding with an initial public offering on the London Stock Exchange.
14 November 2017
Cabot Credit Management plc Completes Acquisition of Wescot as it Secures a Major Outsourcing Contract
Cabot Credit Management plc (Cabot), one of the largest credit management services providers in Europe and the market leader in the UK and Ireland, has now completed the acquisition of Wescot Credit Services Limited (Wescot), a leading UK contingency debt collection and business process outsourcing (BPO) services business, which secured a major outsourcing contract last week.
03 November 2017
Cabot Credit Management delivers strong operational and financial performance ahead of London listing.
"Cabot has again delivered robust financial performance as it prepares to start life as a public company. As we move into a higher interest rate environment, the company’s core skills and ability to identify the right solutions for customers is becoming more important than ever. Efficient and fair debt collection is vital as consumers seek to manage their finances against the backdrop of a steadily deteriorating macroeconomic environment in the UK. Our previous experience of working through downturns will significantly increase our competitive advantage in the medium-term." Ken Stannard, Chief Executive Officer, CCM
20 October 2017
Cabot Credit Management Limited - Announcement of Intention to Float on the London Stock Exchange
Cabot, the UK's leading credit management services provider, today announces its intention to proceed with an initial public offering (the "IPO" or the "Offer").
