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Annual Financial Results for year ended 31 December 2019

Annual Financial Results for year ended 31 December 2019
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Key financial results 3 months to 31 Mar 2016 3 months to 21 Mar 2017 % Change
Adjusted EDITDA £56.9m £67.4m +18%
120 month Estimated Remaining Collections (ERC) £2.0bn £2.1bn +7%
Debt Purchase Collections £87.6m £96.6m +10%
Servicing Revenue £5.5m £6.7m +22%

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“This has been another strong and profitable start to the year for CCM with our EBITDA increasing 18% compared to the same period in 2016, from £56.9m to £67.4m,” said Ken Stannard, Chief Executive Officer, CCM. “We have seen our debt purchase (DP) collections increase by 10% from £87.6m to £96.6m compared to the first quarter of 2016 and in March we achieved our highest ever collection result in our UK DP business.”

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Lorem ipsum dolor sit amet, consectetur adipisicing elit. Dolores esse molestiae provident repellat sunt! Atque, cupiditate, impedit. Aspernatur laboriosam maiores nemo! Delectus inventore libero modi nam nesciunt optio pariatur quasi vero voluptatem? Alias assumenda cumque dolore eaque error esse explicabo fugiat iste maiores, nam nemo nisi nobis, optio possimus quod sint unde! Beatae dolore neque numquam? Accusantium ad adipisci alias aliquid aspernatur aut corporis culpa cupiditate deserunt dolorem eos in ipsum itaque iure possimus quia quis recusandae, repellat saepe sed suscipit voluptate voluptatum. At exercitationem itaque iure molestiae nobis non voluptatum. Consectetur facere minus modi nulla odio quas rerum sunt.

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Example Accordion

Cabot Credit Management (CCM) is a market leader in credit management services including debt purchasing, contingency collections, business process outsourcing and litigation. The Group encompasses four UK businesses including Cabot Financial, dlc, Apex Credit Management and Mortimer Clarke Solicitors (a specialist litigation law firm, authorised and regulated by the Solicitors Regulation Authority) and three European businesses Cabot Financial Ireland, Gesif and Nemo.

From its inception in 1998 to March 2017, CCM has invested c£2 billion in acquiring portfolios with a Face Value in excess of £21 billion. CCM has an ERC (estimated remaining collections) of £2.1 billion. It manages in the region of £3 billion of assets on behalf of clients, collects on average £51 million per month on portfolios it either owns or services on behalf of clients, and has delivered a consistently strong financial performance, having grown its business in each of the last 18 years without exception.

Example Accordion

Cabot Credit Management (CCM) is a market leader in credit management services including debt purchasing, contingency collections, business process outsourcing and litigation. The Group encompasses four UK businesses including Cabot Financial, dlc, Apex Credit Management and Mortimer Clarke Solicitors (a specialist litigation law firm, authorised and regulated by the Solicitors Regulation Authority) and three European businesses Cabot Financial Ireland, Gesif and Nemo.

From its inception in 1998 to March 2017, CCM has invested c£2 billion in acquiring portfolios with a Face Value in excess of £21 billion. CCM has an ERC (estimated remaining collections) of £2.1 billion. It manages in the region of £3 billion of assets on behalf of clients, collects on average £51 million per month on portfolios it either owns or services on behalf of clients, and has delivered a consistently strong financial performance, having grown its business in each of the last 18 years without exception.

Example Accordion

Cabot Credit Management (CCM) is a market leader in credit management services including debt purchasing, contingency collections, business process outsourcing and litigation. The Group encompasses four UK businesses including Cabot Financial, dlc, Apex Credit Management and Mortimer Clarke Solicitors (a specialist litigation law firm, authorised and regulated by the Solicitors Regulation Authority) and three European businesses Cabot Financial Ireland, Gesif and Nemo.

From its inception in 1998 to March 2017, CCM has invested c£2 billion in acquiring portfolios with a Face Value in excess of £21 billion. CCM has an ERC (estimated remaining collections) of £2.1 billion. It manages in the region of £3 billion of assets on behalf of clients, collects on average £51 million per month on portfolios it either owns or services on behalf of clients, and has delivered a consistently strong financial performance, having grown its business in each of the last 18 years without exception.

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