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Debt purchaser Lowell Group has acquired Interlaken Group in a deal which creates one of the largest debt recovery operations in the UK. No financial details of the deal were disclosed but Lowell Group will acquire the group of collection agencies under the Interlaken umbrella – Fredrickson International and SRJ debt recoveries – alongside more than 300 staff. Following the transaction, the combined business will employ 950 people with a combined turnover of around £173m....Read more HERE
AAD Previous Blog:
DCA withdraws from payday loans market Debt collection agency Interlaken Group will stop collecting debts owed to payday lenders due to concerns about the level of complaints and regulatory scrutiny the sector is generating....Read more here
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