Corporate Credit Debt Recovery (CCDR) News Release

It’s been a while since we have posted an update in relation to the most recent business we have procured. Needless to say, the last few months have been very encouraging, both in terms of company growth and our capture of market share.

Looking back over the last 6 months I am truly in awe of what we have achieved in such a short period of time. As many of our subscribers are aware we are now one of the largest debt recovery agents in terms of UK share of the Spanish commercial debt market. Our brand has become so well known in Spain that we are continuously contacted by potential clients which in turn has led to many client acquisitions.

In the last 90 days we have secured three large contracts resulting in a large influx of new instructions. Each contract has a value in excess of £100k with the latest contract reaching up to around £500,000. There are also future instructions and reoccurring revenue opportunities associated from the latest contract wins.

The other encouraging aspect is that the recent successes provide us with the ongoing opportunity to expand our workforce further and create more jobs in times of economic uncertainty at home and abroad. The debt industry sees continual change and whilst it is unfortunate to see other more established firms effectively downsizing to cope with the economic crisis, it is a true testament to what we have achieved in this embryonic stage of the company, that we are bucking the trend of many of our peers by increasing our employee numbers to cope with ongoing demand.

As a parting thought and reflection, the old adage reads “imitation is the greatest form of flattery”, and as such we are pleased to note that some of our industry peers have in turn sought to emulate our company image, professionalism and commercial strategies in a bid to realign their own models to that of CCDR in order that they may attempt to recreate our successes.

I will post updates over the next few weeks regarding the three latest contracts we have secured and other recent developments to give a greater understanding of just what we have managed to achieve in this very exciting but short period of time.

Alan Thompson

Managing Director