Leeds-based Lowell Group, widely recognised as the UK’s leading debt purchaser, has officially launched its new ‘outsource to sell’ operation, Lowell Preston.

The new venture provides creditors the opportunity to outsource accounts to Lowell on a commission basis initially, with the option to sell to Lowell at a later date. It has been set up to offer potential clients that haven’t sold debt to Lowell before an opportunity to experience working with Lowell without the commitment of going straight into debt sale. It will also give existing clients a chance to outsource different types of debt to Lowell on a trial basis prior to sale.

Lowell Group’s chief operating officer Andrew Bartle said: 

It is about being flexible and innovative in our approach, ensuring that Lowell is best able to respond to creditor’s changing needs. We believe that an ‘outsource to sell’ strategy will be very attractive to a lot of organisations as it will provide them with an alternative route into debt sale and an opportunity to work with Lowell in a new way. For Lowell, it is an opportunity to build deeper and more strategic relationships and enter into new debt sale sectors.

Lowell Preston’s director of operations is Gary Jones, the former managing director of J2 Solutions, the tracing business Lowell acquired the assets of in 2009.

He said: 

Lowell has invested heavily into this operation – from finding the right premises, training staff and selecting systems to introducing new collections strategies – making sure every aspect is up to the high standard Lowell Group demands across all its operations. I’m delighted to say that we have had tremendous interest in Lowell Preston and have already signed up several new clients.

To find out more about Lowell Preston’s services, contact sales manager Phil Hickson on 0113 2856612 or email Philip.Hickson@lowellgroup.co.uk

Leeds-based Lowell Group, widely recognised as the UK’s leading debt purchaser, has appointed Steven Peacock to the new position of  head of quality within the business.

The new role has been created as part of Lowell’s ongoing commitment to quality control. Reporting to Lowell’s finance director, Philip Screeton, Steven will be responsible for continued development of Lowell’s sophisticated processes, controls and reporting mechanisms. He will work particularly closely with system development teams to ensure appropriate controls are established before any new processes go live.

Steven has spent 16 years working in a variety of audit, risk and compliance roles for major retail banks and in practice. He has joined Lowell from Northern Rock where he was head of compliance monitoring. Prior to that, he spent several years with HBOS/Lloyds Banking Group, latterly as head of audit for retail integration where he was responsible for the audit oversight of the merging of the two retail banking arms of HBOS and Lloyds TSB.

Commenting on his appointment, Lowell’s chief financial officer Philip Screeton said:

Steven is a highly regarded professional with an excellent track record in operational process control and risk management. He is a welcome addition to our risk management team.