Lowell Group, the fast-growing Leeds-based debt purchasing specialist, is continuing its impressive track record into 2008.

Announcing its quarter one results to end of November 2007, the Group reports turnover for the period of £18.0 million, a 71% increase on the same quarter last year. Lowell is now servicing in excess of two and a half million consumer accounts with an asset value of £2.8 billion.

Chief executive officer James Cornell said:

We are once again extremely pleased with the continued strong performance of the company. We are starting to see some real dividends from the company’s investment in technology, business process and people, which, has not only enabled the company to grow at an impressive rate to date but ensures that the company gets stronger and stronger over time. The Group remains on target to achieve in excess of £75m turnover and £50m EBITDA* this financial year.

*Earnings before interest, taxes, depreciation and portfolio amortisation

Lowell Group’s performance is receiving industry-wide recognition. In November the company was named ‘Debt Purchaser of the Year’ at a national debt industry awards event. James Cornell is the Yorkshire Institute of Directors’ ‘Young Director of the Year 2007’ and this month Lowell has been selected as a finalist in the ‘Fast Growth Business Awards’ 2008.