Perch Group, one of the UK’s fastest growing full-service credit management firms, has announced the successful completion of a £300 million amendment to its existing funding arrangements, improving terms, extending maturity, and enhancing financial flexibility. This transformative deal marks a major milestone in the Group’s journey, supporting its expansion and ongoing innovation in debt resolution.
The expanded package brings Lloyds into an already robust banking syndicate led by NatWest Group PLC, alongside Shawbrook Bank Limited, Paragon Bank PLC, Hampshire Trust Bank PLC, and Quilam Capital.
Mark Pickup, Chief Financial Officer of Perch Group, commented:
“The expansion of our funding facilities to now include Lloyds – alongside existing partners NatWest Group, Shawbrook Bank, Paragon Bank, Hampshire Trust Bank, and Quilam Capital – represents a powerful endorsement of Perch Group’s position as a trusted and responsible operator in the UK credit management sector.
Since our initial £25 million facility supporting the management buyout in 2022, we have successfully secured up to £300 million in funding – a twelvefold increase over just three years. This reflects not only our commercial success, but also our ability to scale responsibly within a highly regulated environment.
The addition of another significant funding partner and the continued backing from incumbent institutions are clear votes of confidence in our strategy, our risk management discipline, and our ambition to set the standard in the UK debt purchase and collections industry.”
Alan Stevenson, Director – Specialist Finance at Lloyds, added:
“Joining the syndicate as a new senior lender marks the beginning of a valued relationship with Perch Group, and we look forward to supporting the business in its growth and strategic ambitions as it uses cutting-edge technology and data-driven debt resolution to meet the needs of its clients.”
Alex Scott, Director at Quilam Capital, added:
“Completion of this increased and improved funding package is testament to the evolution of the business and the hard work of the management team over the last 3 years. We are very excited to continue to support Perch with increased junior funding capacity and strategic support, for the next phase of its journey.”
Headquartered in Blackpool, Perch Group operates across the credit management lifecycle through its integrated group of companies: debt purchaser Perch Capital, customer engagement and resolution agency ACI UK, intelligent field services firm Verify, Solicitors Regulation Authority-regulated law firm TM Legal, and contact centre outsourcing provider Perch Connect.
Perch Group’s mission is to redefine debt resolution in the digital age, offering innovative, ethical and data-driven solutions that bridge the gap between creditors and customers – creating brighter financial futures for all.
Fieldfisher LLP provided legal advice to Perch Group; Travers Smith LLP advised Quilam Capital; and Ashurst LLP advised the syndicate senior facility.