Lowell Group Launches New 'Outsource to Sell' Option for Debt Portfolios

Leeds, UK-based Lowell Group, widely recognised as the UK’s leading debt purchaser, has officially launched its new ‘outsource to sell’ operation, Lowell Preston.

The new venture provides creditors the opportunity to outsource accounts to Lowell on a commission basis initially, with the option to sell to Lowell at a later date. It has been set up to offer potential clients that haven’t sold debt to Lowell before an opportunity to experience working with Lowell without the commitment of going straight into debt sale. It will also give existing clients a chance to outsource different types of debt to Lowell on a trial basis prior to sale.

Lowell Group’s chief operating officer Andrew Bartle said: “It is about being flexible and innovative in our approach, ensuring that Lowell is best able to respond to creditor’s changing needs. We believe that an ‘outsource to sell’ strategy will be very attractive to a lot of organisations as it will provide them with an alternative route into debt sale and an opportunity to work with Lowell in a new way. For Lowell, it is an opportunity to build deeper and more strategic relationships and enter into new debt sale sectors.”

Lowell Preston’s director of operations is Gary Jones, the former managing director of J2 Solutions, the tracing business Lowell acquired the assets of in 2009.

He said: “Lowell has invested heavily into this operation – from finding the right premises, training staff and selecting systems to introducing new collections strategies – making sure every aspect is up to the high standard Lowell Group demands across all its operations.”

”I’m delighted to say that we have had tremendous interest in Lowell Preston and have already signed up several new clients.”

To find out more about Lowell Preston’s services, contact sales manager Phil Hickson on 0113 2856612 or email Philip.Hickson@lowellgroup.co.uk

About Lowell
Formed in 2004 Lowell Group is a specialist debt purchasing company. Lowell Group buys consumer debts from a range of organisations and then manages the recovery of those debts, working closely with each customer to agree a suitable and affordable repayment solution.

In April 2008 Lowell Group was acquired by Exponent Private Equity and existing management for an undisclosed value. Today the business employs more than 400 people at its state-of-the art HQ and customer contact centre in Leeds.