Cabot Credit Management Acquires Law Firm

Photo: Baramee Thaweesombat | Shutterstock.

Cabot Credit Management, based in Kent, UK, doesn’t just specialize in consumer debt; they now actually follow the process all the way through, including litigation as necessary. By acquiring Mortimer Clarke Soliciters in July of this year, Cabot is growing to help customers with the entire credit management cycle. And it’s not likely to stop there—as Cabot moves forward, it continues to look into ways to make further acquisitions that will increase the services it can offer.

Cabot’s board, which includes John Oros of J.C. Flowers & Co., has overseen massive company growth in recent times. Their four specialty businesses—Cabot Financial, Cabot Financial Ireland, Apex Credit Management, and dlc—have invested £1.7 billion in acquiring portfolios since June of this year. They currently have a Face Value in excess of £16 billion and estimated remaining collections of £1.85 billion. Cabot has shown exceptional growth in each of the last 16 years, and its recent acquisitions are likely to add to that positive momentum.

“The acquisition of a law firm marks an important step in CCM’s remarkable growth trajectory,” said Ken Stannard, CEO of Cabot Credit Management. “This is a significant addition for us because it allows CCM to provide an end-to-end credit management lifecycle. Our customers will be able to have the confidence that there is a single customer journey aligned with our ethical values and focus on fair customer outcomes.”

CCM is quick to assure its customers that acquiring a law firm doesn’t mean instant litigation in all cases, however. What the partnership with Mortimer Clarke will do is allow for a smoother transition between different aspects of the customer journey and more experts to answer questions along the way.

Mortimer Clarke has continued operating from its current location in Worthing, West Sussex, under its existing name.