Wednesday, November 25, 2015
Cabot Financial Ireland, a leading acquirer and manager of consumer debt, has won two awards at the IICM Annual Credit Awards in Dublin.
The company, which is part of Cabot Credit Management, was awarded the Consumer Credit Team of the Year for the fourth time in five years and the Consumer Credit Manager of the Year for the fourth straight year.
Donal Martin, one of the collection managers who has worked for the company for six years was honoured with the Consumer Credit Manager award ahead of steep competition.
Sean Webb, CEO, Cabot Financial Ireland, said: “It is a great achievement to win these awards for so many consecutive years. Donal Martin has demonstrated all the skills we strive for on our collections floor and thoroughly deserves this achievement. Our overall success demonstrates our consistent professional approach to our business and is proof of all the hard work our staff put into their day to day work.”
This event has been running for 11 years and is attended by 200 members of the industry. Over 20 firms entered the competition including leading banking, utility and telecom companies.
Cabot Financial Ireland, which is part of Cabot Credit Management, is Ireland’s leading ethical acquirer and manager of consumer debt.
The company was formed in 2007 and after a period of significant growth now focuses on offering specialist services in the areas of debt purchase, contingency collections, and outsource solutions including its tailored credit union solution as well as customer tracing.
Cabot Financial (Ireland) currently has managed assets of over €2Bn.
Cabot Credit Management is a market leader in debt purchasing, contingency collections, litigation and customer tracing, and is divided into five specialty businesses: Cabot Financial, Cabot Financial Ireland, Apex Credit Management, dlc and Mortimer Clarke Solicitors.
As at 30 June 2015 the combined Cabot Credit Management group has invested £1.7 billion in acquiring portfolios with a Face Value in excess of £16.0 billion update and has an ERC (estimated remaining collections) of £1.85 billion. It manages in the region of £1 billion of assets on behalf of clients, collects over £35 million per month on portfolios it either owns or services on behalf of clients, and has delivered consistently strong financial performance, having grown its business in each of the last 16 years without exception.
The group, which has purchased over 7 million customer accounts, employs approximately 1200 people with offices in Kings Hill, Stratford-upon-Avon, Brackley, Dublin, Worthing, and London. The company prides itself on its ethical values, customer service and high standards. It has an impressive list of accolades including:
The controlling shareholder of Cabot Credit Management is Encore Capital Group, an international speciality finance company providing debt recovery solutions, with the remaining equity being held by a fund advised by J.C. Flowers & Co. in addition to company management.