Search

Dear visitor,
You are viewing 1 of your 5 free articles


To view more free articles, please register

Free registration or Login

Arum sold and new CEO announced

Arum Systems has been sold as part of a deal led by former debt enforcement agency owner Jamie Waller.



Share on Twitter Linkedin black
Share on Twitter Linkedin black

Arum, a specialist consultancy in systems for credit management and debt collection, made the announcement this morning (November 6).

 

As part of the deal Arum has appointed a new chief executive who has already joined the company.

 

Mark Johnston joined as chief executive on November 1; he has taken over the role from co-founder Aleks Tomczyk who will remain with the business for a year to help with the transition. Arum said there have been no other major changes and the company will continue to run as normal.

 

Johnston owns Clockspeed, a product management and marketing company, and previously owned consultancy firm Methods where he acted as managing director.

 

Arum said the company was sold last month in a deal led by Jamie Waller who founded and owned the enforcement firm JBW Group.

 

Waller sold JBW Group in 2016 and went on to form Hito Group, a specialist collections technology provider, which was sold in January 2017, five months after it had launched. He will now carry out the role of non-executive chairman at Arum.

 

Johnston said: “This deal will enable the future success and growth of the business building on the good work that has been done to date by the Arum team, continuing to focus on excellent delivery to clients whilst broadening the range of services and offerings.”

 

Waller, who did not wish to disclose the amount he has invested, said: “Arum has a great reputation in the industry and is known for its expertise, quality of service, transparency and ability to deliver. We plan to expand that good reputation through significant investment in people, processes and services.”

Share on Twitter Linkedin black
YOU MIGHT ALSO LIKE

Revealed: The CCS Awards winners 2017

The winners of the 11th Collections & Customer Service (CCS) Awards, which took place at the Midland Hotel in Manchester last night (November 22), have been revealed

Cabot shelves IPO plans

Cabot Credit Management has today (November 16) announced it will not be proceeding with an IPO on the stock exchange

Council bailiff use jumps 14%

The use of bailiffs to collect debts owed to local authorities in England and Wales has jumped 14 percent in two years, according to new research by the Money Advice Trust

Arrow posts increase in profits, but operating costs rise too

Arrow Global has tripled its profit to £15m for the third quarter of this year, compared to a deficit of £6m for the same period last year
LATEST IN ANALYSIS

The CS Interview

The patriot

The patriot

Features

Beyond defining vulnerability

Beyond defining vulnerability

Opinion

The Editor's View: "A mixed picture"

The Editor's View: "A mixed picture"

Bank NPL analysis

Banks continue purge of bad debt from balance sheets

Banks continue purge of bad debt from balance sheets

Upcoming events

Credit Week 2018


Credit 500 Gala


Credit Awards 2018


Car Finance Conference 2018

Credit Strategy

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