1 Million Customer Milestone Reached

CABOT FINANCIAL REACHES ONE MILLION CUSTOMER ACCOUNT MILESTONE

Cabot Financial (Europe) Limited, a market leader in debt purchase, has announced that it now has more than one million customer accounts with total outstandings in excess of £2 billion.

Since the completion of its management buy-out in February this year, Cabot Financial has continued expanding to meet growing demand from lenders to sell their defaulted debt. In October, the company, which is headquartered in West Malling, Kent, opened an additional call centre in Bradford to cover the North of England. The new call centre will create up to 250 new jobs in the region and provides valuable extra capacity for Cabot Financial's tracing and collection activity.

Ken Maynard, managing director of Cabot Financial commented: “We are delighted to have passed the important milestone of one million customer accounts, which takes our total outstandings to over £2 billion. We have worked hard to establish strong, long-term relationships with the major UK lenders selling debt. Our reputation for high quality service and ability to evaluate a wide range of account types, ensures we are well placed to cement our position as market leaders in debt sale and purchase."

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