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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 SWOT Analysis Chapter

The industry is in the growth stage of its life cycle. Industry value added is projected to grow at a compound annual rate of 4.5% over the 10 years through 2021-22. This compares with compound annual GDP growth of 2.3% over the same period.

Debt collectors' revenue declined during the late 2000s, but this performance has to be taken in the context of the global financial crisis and the severe recession that followed. While the unprecedented accumulation of debt would suggest strong demand and revenue for debt collection agencies over this period, substantial debt write-offs caused a sharp decline in the debt recovery rate, slashing revenue and profit for the industry.

There are still more markets for debt collection agencies to develop. Man.. 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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