UK Debt Purchaser Named as Business of the Year Finalist

Cabot Financial, the market leader in UK debt purchasing, was shortlisted for Business of the Year at the National Business Awards last month.

The Awards, which are open to all UK businesses, are highly sought after with entrants representing around a third of UK GDP. The Business of the Year Award goes to the organization that has best demonstrated exceptional financial returns, strong growth and innovation strategies, plus market leadership in its sector. As a finalist, Cabot can display its prestigious logo on all its marketing and business material for the next 12 months.

Cabot Financial is a pioneer in debt purchase in the UK. Over the last year staff numbers have increased by 50% to meet an unprecedented demand from lenders for debt purchase solutions, with the number of accounts managed by Cabot increasing by 40% over the last eighteen months.

Ken Maynard, Chief Executive Officer of Cabot Financial commented: ?We are extremely proud to have been shortlisted for this prestigious award, particularly just six months after completing our management buy out. Our achievement illustrates the growing importance of the debt purchase industry within the UK as lenders increasingly look for innovative and cost effective ways to manage record levels of consumer debt.?

At the award ceremony, the CMS Cameron McKenna Business of the Year Award ultimately went to ARM Holding, a technology company focusing on digital technologies.