PR - Lowell Group Named UK's Debt Purchaser of the Year

Leeds, United Kingdom-based Lowell Group, has been awarded the coveted title ‘Debt Purchaser of the Year’ by an international panel of industry experts who said: “A very impressive range of results and developments at this innovative and growing purchaser wowed the judges and clearly wowed their clients too. Four of the top six retail banks supported this firm in a big way. On top of this the firm exemplified some truly mesmerizing HR practices that set the benchmark of where the industry should aim.”

As a specialist debt purchasing company, Lowell Group purchases portfolios of consumer debts from a range of blue-chip organisations and then manages the recovery of those debts, working closely with debtors to help them resolve their financial difficulties and pay off what they owe. Formed in 2004, Lowell Group reported an annual turnover last fiscal year in July of £50m ($102.1 million) and after a strong first quarter is on target to exceed $153.1 million in 2008.

Lowell employs more than 300 people at its state-of-the art HQ and customer contact center in Leeds.  The Group’s operations division Lowell Financial is currently servicing more than two million consumer accounts with an asset value in excess of $4.7 billion. 

Earlier this year chief executive officer James Cornell was named ‘Young Director of the Year’ for the Yorkshire and Humber region by the Institute of Directors.