Media Centre

Cabot Credit Management Announces Financial Results for Nine Months ending September 2016

Cabot Credit Management (CCM), a market leader in European credit management services, today announced the financial results for nine months ending September 2016. “Our latest results continue to show strong returns and profit growth. During the first nine months of this year, we achieved an adjusted EBITDA of £180m, an increase of 24% compared with the same period in 2015, driven by 20% growth in our DP collections and a 34% growth in our servicing revenue” said Ken Stannard, Chief Executive Officer, CCM. “In early October we issued a £350m bond with a coupon of 7.50% per annum strengthening our position in the market place” ”We increased as well our super senior revolving credit facility from £200m to £250 million. In addition, maturity has been extended by one year to 2019 and margin decreased to 3.25%. This new facility enables us to continue to develop our business and to invest in our existing assets”.

Cabot Credit Management Achieves FCA Authorisation

Cabot Credit Management Ltd (CCM), the UK's leading credit management service (CMS) provider is delighted to announce that it has been granted FCA authorisation. Ken Stannard, Group Chief Executive Officer, Cabot Credit Management, said: "We have been working closely with the FCA from the onset and we are delighted, to be the first of the larger CMS providers in the UK to be authorised.