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Finance

Hull collection agencies company acquired by major European business

Wescot, the Hull-headquartered commercial collection agencies business, continues to be acquired by credit services provider, Cabot Credit Management.

This is Cabot’s second acquisition this current year, following investment in Orbit Services. They have now invested over 100 million.

Wescot may be the largest debt services provider for that UK retail banking sector and it’s consistently during the top ranks of commercial collection agencies agency (DCA) panels of a big range of financial services and corporate clients in utility, telecoms and retail finance.

The deal is at the mercy of regulatory approval and is supposed to close within ninety days.

Paul Jenkins, CEO, Wescot, said: “Now is an efficient time for us to be joining forces with Cabot. Since FCA approval, Wescot has unprecedented consideration in its excellent outsourcing solutions.

“This deal will grant us to boost and deepen relationships with financial services clients, offering them best lawn mowers of class products across their desires.”

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