Arrow flying high as profits rocket
ARROW Global, the Manchester company which uses data and analytics to help it maximise collections from debt portfolios it has bought at a discount from lenders, has reported record annual results.
The firm’s 2015 profits rocketed nearly 63% in 2015 to £39.3m on the back of both organic growth and acquisitions here and in Portugal – its other main market. During the year it invested more than £200m, including organic portfolio purchases of £176.3m with a face value of £1.5bn.
Total revenue rose 49.5% to £165.5m (2014: £110.7 million), driven by core collections up 47.1% to £218.5m.
In line with its strong growth, Arrow announced a final dividend of 5.4p per share bringing total dividends for 2015 to 7.1p per share; an increase of 39.4% over 2014.
Chief executive Tom Drury said: “We have continued to strengthen the Arrow Global franchise, successfully diversifying the business by asset class, geography and revenue stream. We are a market leader in both UK and Portugal, have increased our investment in the Netherlands and retain our 15% interest in French market leader, MCS.
“A strong focus on operational excellence and reducing overheads, combined with the growth in our increasingly integrated servicing businesses, means we are well placed to offer our customers the service that best suits their needs.”
