3rd Jan 2014 07:00
3 January 2014
Arrow Global Group PLC
("Arrow Global" or "the Group")
Trading Update
Arrow Global, one of Europe's largest and fastest growing providers of debt purchase and receivables management solutions, today issues a trading update for the year ended 31 December 2013.
The Group is pleased to announce that results for the year ended 31 December 2013 are in line with management's expectations including delivering its target of £100m portfolio purchases for the year.
Arrow Global sees a strong pipeline of portfolio acquisition opportunities ahead and starts the new financial year in a strong position.
The Group is scheduled to announce its full year results for the year ended 31 December 2013 on 4 March 2014.
For further information:
College Hill +44 (0)20 7457 2020
Mike Davies
Catherine Wickman
Tom Drummond
Notes to editors
Arrow Global is one of Europe's largest and fastest growing providers of debt purchase and receivables management solutions, with £8.6 billion assets under management, including £6.9 billion of purchased assets. Our data driven, compliance focused and customer-centric business model offers a tailored approach for creditors and customers alike.
We use our data capability to acquire portfolios underpinned by paying accounts, with the opportunity to convert non-paying accounts. Our intensive data analysis and account segmentation help to ensure that each customer is offered the most suitable solution for their individual circumstances. We have developed data analytical tools which provide an optimised understanding of individual customers' circumstances and help us adhere to regulatory and compliance requirements, for which Arrow Global has an established track record.
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