Dublin, Sept. 09, 2019 (GLOBE NEWSWIRE) — The “UK Consumer Debt Collection and Debt Purchase Market Insight Report 2019” report has been added to ResearchAndMarkets.com’s offering.
This report covers the UK consumer debt purchase and debt collection markets:
Debt collection involves the collection of debts on behalf of the original debtor as an outsourced business processDebt purchase involves buying the actual debts and the right to collect them.
The report quantifies the sizes of each segment and their respective historical and forecast growth rates while reviewing key factors behind these figures and exploring drivers of growth and profitability. It also reports on and analyses the drivers of growth in particular relevant economic indicators such as total consumer debt, unemployment levels, debt write-off rates, levels of personal insolvencies and more specific factors including recovery rates, commission levels, the attitudes of consumer creditors to the concept of debt sale and the discount to face value typically paid for debt. The leading debt purchasers and debt collections agencies are profiled and their performance is compared. What does it contain?
Quantification of market size and historical growth rates since 2013 (or earlier)Summary of market trendsAnalysis and profiles of leading debt collection agencies and debt purchasersOur forecasts for market and driver growth (2019-2023)Insights from interviews with a range of industry experts
Market ContextThe debts relate mainly to consumer credit, but also include other consumer debt.
The market definition excludes residential first-charge mortgages and student loans.Debt collection services are increasingly being used in other areas where there are significant consumer debts, such as telecoms and utilities, as well as in areas of the public sector such as council tax. Debt purchase remains focused on consumer credit.
Lenders or other creditors have a choice whether to use a collection agency to work on debts on their own balance sheets or to sell the debt to a firm that will then collect on its own behalf. Having been boosted by the increase in consumer borrowing over the last 15 years, the market has more recently shown signs of maturing with pure debt collection revenues and debt sale levels remaining flat although past sales ensure that top-line market growth continues.
Key Topics Covered
1. UK Consumer Debt Collection and Debt Purchase: Market Insight Report 2019
About this reportSummaryAbout the author
2. About the market
Market definitionsMarket backgroundAdjacent marketsMarket attractiveness and barriers to entryValue driversRegulation
3. Market size and growth
MethodologyMarket sizeDebt sale marketThe appetite of investors and the availability of capitalCredit Services Association dataRevenue trendsIndustry profitability
4. Market drivers
Economic performanceConsumer borrowingAbility to service borrowingAttitude of creditorsImprovements in systems and data usageGrowth in outsourcing by the public sectorIncreased interest from other asset classes
5. Competitive landscape
Profiles of leading debt collectorsArvatoCapita plcMoorcroftWescotProfiles of leading debt purchasersIntrumArrow GlobalCabotHoist Finance UKIdem CapitalLink FinancialGFKL LowellMax RecoveryLanternPRA Group
6. Forecasts
ApproachKey driver forecastsDebt sale market forecastsCollections environmentMarket forecastRisks to the forecast
List of Exhibits
Scope of marketAlternative measures of debt purchase activityUK consumer debt purchase and collection market size/mTotal debt (face value) held for collection by CSA members/bnTotal debt collected by CSA members/mThe combined revenue of leading debt purchasers & collections agencies/mCombined pre-tax margins of leading debt purchasers and collection agencies/%UK real GDP/% annual changesUK outstanding unsecured consumer credit/bnHCSTC lending market size by new business/bnHistorical number of unemployed and underemployed/mUK median earnings (current prices) and real household disposable income annual growth rates/% annual changeUK household debt to income ratioHistorical number of new personal insolvencies per year/’000UK bank & building society unsecured consumer debt is written off/bn, % of total unsecured consumer debtRates of unemployment and bank & building society unsecured consumer debt write-off/%Leading UK debt purchasers and DCAs by latest revenue/ mRevenue growth rates of leading debt purchasers and DCAs/% CAGRRevenue per employee/000120-month ERCs for leading debt purchasers/mArvato Regulatory Services Ltd. summary financialsCapita debt collection summary financialsMoorcroft Group PLC summary financialsWescot Topco Ltd. summary financialsIntrum UK Finance Limited summary financialsArrow Global Group plcCabot Credit Management PLC summary financialsHoist UK summary financialsIdem Capital Holdings Limited summary financialsLink Financial summary financialsMetis Bidco Limited summary financialsMax Recovery Limited summary financialsLantern Debt Recovery Services Limited summary financialsPRA Group (UK) Ltd. summary financialsUK real GDP/annual changesUK historical & forecast unsecured household debt/bnHistorical & forecast rates of unemployment and bank & building society unsecured consumer debt write-off/%Historical & forecast UK bank & building society unsecured consumer debt written off/bn (LHS), % of total unsecured consumer debt (RHS)Unemployment and underemployment/mNumber of people in employment/mUK median earnings (current prices) and real household disposable income annual growth rates/% annual changeUK consumer debt purchase and collection historical & forecast market size/m
For more information about this report visit https://www.researchandmarkets.com/r/5jv9u6
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