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Debt Collection Agencies in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Debt Collection Agencies Market Research Report | SIC N82.911 | Oct 2016

Calm and collected: Revenue should continue to increase despite economic uncertainty

IBISWorld’s Debt Collection Agencies market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Lowell Group Lowell Group market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
2.8%
Annual Growth 17-22
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Profit
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Employment
12,054
Businesses
679
Industry Analysis & Industry Trends

Debt Collection Agencies collect debts on behalf of clients, such as credit card companies. Some operators purchase debt portfolios at less than their face value and then collect these debts themselves. The industry's performance is influenced by a number of factors, including the level of personal and business debt, demand for debt collectors' services and the recovery rate on these debts. These factors are all affected by the state of the economy.

Throughout the five-year period through 2016-17 the industry has strengthened as profit margins have grown and revenue increased in all but two years of the period... purchase to read more

Industry Report - Industry Analysis Chapter

Debt collection agencies provide two main services; traditional debt collection on behalf of a third party, such as a credit card company or other similar business, and debt portfolio acquisition, whereby a company purchases a ledger or portfolio of debts at a discount and collects on these debts, taking ownership of any funds that can be recovered. The traditional business model has lost share to debt portfolio acquisition in recent years, which is largely undertaken by larger companies that have financial backing from private equity funds, banks or credit markets.

In addition to writing off loans, businesses manage their cash flow and costs by outsourcing debt recovery to collection agencies. Com.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Debt Collection Agencies Industry?

The industry includes companies that purchase debt portfolios from financial institutions and other companies at less than their face value. They then seek to recover the outstanding amounts. The industry also covers agencies that collect debts on behalf of clients, charging a fee or taking a percentage of the funds recovered.

Industry Products
Contingent-fee servicingPortfolio-acquisition servicingFixed-fee servicingCollateral recovery and repossession services
 
Industry Activities
Debt collectionBill collectionDebt portfolio acquisition


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