Arrow Global has been ranked joint first ahead of all other major debt purchasers and credit management companies in Europe in the 2012 OC&C Credit Management and Debt Collection Index.
This year industry experts reviewed over 60 businesses, using a combination of quantitative and qualitative data to allocate scores in four categories - financial performance, operational efficiency, strategy and scope, and innovation.
Arrow Global has steadily increased its position on the table year on year since the inception of the OC&C Index five years ago. The 2012 report cites the organisation as an example of a company jumping up the scale, attributing this to several years of foundation building. It also states:
"Arrow Global has made further advances, growing its unique model with no in-house collections capacity and a laser-like focus on developing competitive advantage based on data. The scaleability of its model is showing through in some excellent growth rates and margins."
Tom Drury, Chief Executive Officer of Arrow Global, says, "We are delighted with this year's result, which is further endorsement of and testament to our successful business model.
"Over the last 12 months we have continued to generate consistent performance and buy-in from our partners. We are currently seeing unprecedented growth in the market and expect investment opportunities to continue to increase. With our strong funding position and an ever-increasing volume of assets coming to market, we are well positioned to build on our success and momentum achieved to date."
Arrow Global is one of the largest debt purchase businesses in the UK, and the company is on track to achieve its 2012 growth targets.
Notes to editors
1. The OC&C Index is produced by OC&C Strategy Consultants, in association with industry publication, Credit Today. Consultants use a combination of quantitative and qualitative data to allocate scores in four categories - financial performance, operational efficiency, strategy and scope and innovation.
Arrow Global was ranked first equal alongside Lowell Group in the 2012 OC&C Index.
2. Arrow Global is one of the largest, fastest growing and most innovative debt purchasers in Europe. Its data driven, compliance focused and customer centric business model offers a tailored approach for creditors and customers alike, and has proven to be a winning formula.
With 3.8m accounts and £7bn under management, intensive data analysis and account segmentation help to ensure that each customer is offered the most suitable solution for their individual circumstances. The company is committed to facilitating positive outcomes, and strongly believes that what is good for the customer is also good for business.
Arrow Global was named Debt Purchaser of the Year at the 2011 Credit Today Debt Collection Awards.