ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter
Intelligence, Insight and community for responsible professionals in credit

Arrow Global profit increased by 28 percent in full year results

Debt purchaser Arrow Global saw its profits before tax increase by 28.3 percent, its annual results show.

Its gross asset management and servicing income was up 5.9 percent to £140.1m, which is 36.4 percent of its gross total income. Free cashflow was 13.3 percent to £261.4m.

 

The full year dividend was up 3.1 percent on 2018, and leverage reduced to 3.4x, and is continuing to reduce, it said.

 

The results showed a record of £307.7m of additional investment.

 

Lee Rochford, group chief executive, said: “The business performed well against its key operating metrics in 2019, with returns in the investment business remaining strong and improving margins in our asset management and servicing business. The launch of our fund management business is transformational for the group.”

 

In 2019, Arrow Global launched a fund management business, AGG Capital Management, which launched with €838m (£743.6m) in initial funds under management, which continues to target €2bn of funds under management by the end of 2020.

 

Estimated remaining collections for the next 84-month period is at £1.8bn, which is an 11 percent growth on last year. For the next 120 months, estimated remaining collections are £2bn, which is a 3.2 percent growth from last year.

Please login to continue reading this article.

Not a member?

Become a member

FREE registration. No credit card required

Register now
  • Stay up-to-date with industry news and appointments
  • Hear about events first
  • Read 1 free Premium article per month

Become a premium member

From as little as £3.48 per week

Become Premium
  • All the perks of a standard member plus:
  • Access to the entire Credit Strategy website
  • 12 months subscription to Credit Strategy Magazine
  • 25% discount to all conferences
  • Exclusive access to Premium Member only roundtables
  • 50% off award entry fees

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

Upcoming events

Credit Summit 2021

Women in Credit Awards 2021

Car Finance Awards 2021

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group