Cabot Credit Management, a United Kingdom and Ireland-based debt buyer, posted a 13 percent jump in revenue for 2013, attributing much of the growth to purchasing semi-performing portfolios that tend to have a "longer annuity stream" for collections. The revenue increase continues a 15-year track record of steady growth, according to the company.
San Diego-based debt buyer Encore Capital Group and New York-based buyout firm J.C. Flowers bought Cabot Credit last year. Encore Capital buys delinquent accounts from banks, credit unions and utilities and had long sought channels for taking advantage of growth opportunities in the U.K., the world's largest debt purchase market after the U.S.