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 £... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...