Lowell Group has bought the fixed assets of J2 Solutions Ltd from its owners, JZ International, the majority shareholder in Mackenzie Hall.

The transaction forms part of Lowell’s expansion plans to setup an “outsource to sell” operation. In addition to the fixed assets all members of J2’s staff, including J2’s managing director Gary Jones, will transfer to the Lowell Group.

Lowell intends to build a contingent collections platform offering some of its key clients the opportunity of outsourcing their accounts on a commission basis with the intention of selling on some or all of those accounts to Lowell at a later date.

James Cornell, chief executive officer of Lowell said:

This is an exciting opportunity for both Lowell and its clients to explore new ways of working together by offering tailored debt sale solutions to meet our clients current and future debt sale requirements. Purchasing the assets of J2 and employing the J2 team will provide the catalyst for building a new dedicated platform targeted to providing our clients with a premium collections service.

Gary Jones commented:

My team and I are delighted to be joining the team at Lowell. Lowell has an extremely successful track record and I see this as an excellent opportunity for both me personally and my team, as well as for the marketplace

J2 will be dissolved following the assets being sold to Lowell to enable Mackenzie Hall to fully focus on its services to the secondary and tertiary collection markets and to the secondary debt sale market place. Mackenzie Hall has already developed an internal trace function ‘Connect’ in Kilmarnock in order to fully service its existing and future debt collections customers.

Paul Mackenzie, chief executive of Mackenzie Hall commented:

This enables Mackenzie Hall to focus on our market-leading debt collection and purchasing activities and we look forward to continuing our strong track record of growth.

Lowell Group’s CEO James Cornell and director of IT John Stewart are looking to raise money for the charity Water Aid by completing the 24 hour three peaks challenge.

Over the weekend of June 20 and 21 they will be swapping their suits for heavy walking boots and attempting to climb Ben Nevis in Scotland, the Lake District’s Scafell Pike and Snowdon inWales– all within 24 hours.

As well as scaling the three highest mountains in England, Scotland and Wales, the gruelling challenge entails travelling around 450 miles. Fortunately, a dedicated support team – wives Linzi and Paula – will be on hand to drive and administer TLC as required!

James Cornell said:

It’s a personal challenge but we wanted to do something for charity at the same time.

Water Aid is an international charity which aims to provide the world’s poorest people with access to safe water, sanitation and hygiene education.

The Lowell duo has already been pledged more than £500 but they are hoping to raise at least £2,000 for Water Aid. 

Anyone wishing to support their efforts can make a donation easily and securely by visiting http://www.justgiving.com/threepeaksmadness