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Mar
10th
Mar

Portfolio Recovery Associates UK's expansion supported by £1.2m Scottish Government grant





PRA. Pic Comp

A US firm which specialises in debt purchase and recovery is planing to create up to 400 new jobs in Kilmarnock by 2017.

Portfolio Recovery Associates UK, which describes itself as a leader in consumer debt buying, already employs around 300 people in Kilmarnock.

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... debt buyers in the UK, offering a secure and reliable debt purchase service. ...
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The Scottish Government is supporting the company's Scottish expansion plan with a £1.2 million investment.

Equifax UK - Debt Sale / Purchase - www.equifax.com

Buy or sell debt. Understand what a portfolio of debt looks like when being sold,
maximising recoveries while treating debtors fairly. What's a fair price for a book ...
http://www.equifax.co.uk/business/collections_recoveries/debt_sale_purchase/en_gb

First Minister Alex Salmond made the announcement on an official trip to New York.

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He said: “PRA UK is a well-known employer in Kilmarnock and the announcement of hundreds of new jobs is fantastic news for the area.

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EOS Solutions UK Plc offers debt purchase of portfolios of various compositions.
We take on our client's defaulting debts, unsecured, or secured by movable ...
http://uk.eos-solutions.com/services/receivables-management/debt-purchase/

“Last month, the Scottish Cabinet met in Ayrshire where we focused on community regeneration announcing funding of £1.7 million to help the area flourish.

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Debt Purchase The acquisition of distressed consumer debt portfolios has proved
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http://www.expertocredite.com/services/debt-purchase

“I'm looking forward to meeting senior representatives of the company later today in New York as they confirm plans to create these new jobs for Kilmarnock.”

Buyout groups eye debt collectors as UK banks shed loans - FT.com

27 May 2013 ... The planned acquisition of UK debt collector Cabot by New ... a buy-to-let lender,
has also profited by scooping up loan portfolios that its bigger ...
http://www.ft.com/cms/s/0/e26ab266-c45f-11e2-bc94-00144feab7de.html

Steve Fredrickson, chairman, president and chief executive officer, PRA said: “Portfolio Recovery Associates sees opportunity for business growth in the UK resulting in additional call centre jobs and other roles.

“The support of the RSA (Regional Selective Assistance) and East Ayrshire Council will help enable this growth.”

Debt Acquisition - Access to Profit

They are at the forefront of debt acquisition in the UK specialising in distressed ...
They purchase bulk debt and portfolio debt, both secured and unsecured, from ...
http://www.accesstoprofit.com/our-services/debt-acquisition

Douglas Reid, leader of East Ayrshire Council, said: “The welcome jobs boost, along with financial support, adds to the ongoing regeneration of Kilmarnock as a thriving town which is open for business, as well as being a good place to live, with a strong sense of community and a real heart.

Business booms for debt collectors buying consumer debt for as little ...

29 Mar 2014 ... Collectors are set to spend £1.5 billion a year buying bad debt from banks and ... '
could result in increases in non-performing consumer debt portfolios.' ... and
Lowell together control 40 per cent of the UK market, S&P said.
http://www.thisismoney.co.uk/money/news/article-2592434/Debt-collectors-set-cash-consumer-borrowing-spree.html

“This employment on a large scale, is just reward for the effort we are putting in to economic development, and I would encourage any company with growth plans to come and talk to us.

Portfolio Solutions Group | KPMG | UK

Buy Side Portfolio Solutions Group: KPMG provides advice and practical ... with
global expertise in delivering debt portfolio sell - side, buy-side and advisory ...
http://www.kpmg.com/uk/en/services/advisory/transactionsrestructuring/pages/portfolio-solutions-group.aspx

“I know that local people will make the most of this exciting opportunity, looking ahead to a great future for Kilmarnock and East Ayrshire.”

Debt Purchase | UK Search Limited

Debt Purchase: To provide the liquidity needed to purchase distressed asset
portfolios (typically on a deal by deal basis) with a view to generating returns by ...
http://www.uksearchlimited.com/?services=01-debt-purchase







http://www.dailyrecord.co.uk

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