SamCorp advised the management team of Jon Godbold and Keith Steward on the Management Buy Out of CCSCollect, a leading debt collection agency based in Thornton Heath, London. The debt-only transaction was funded via a CID facility and cashflow loan from Shawbrook Bank.
Jon Godbold, owner of CCSCollect commented,
“The advice offered by the SamCorp team throughout the process was invaluable. The buyout was far from straightforward and there were several occasions where it looked like it may not happen. The positive and determined attitude of the team at SamCorp kept the momentum going, whilst always working to ensure our best interests were met. We are really pleased with the outcome and look forward to starting our new chapter.”
Originally established in 1975, CCSCollect specialises in consumer and commercial debt collection, and is trusted to act on behalf of a wide range of public and private sector clients including Central & Local Government, Banking & Finance, Utilities, Mail Order and Telecoms.