JBW Group Limited acquires shares in Court Enforcement Services Limited
JBW Group Limited acquires shares in Court Enforcement Services Limited to
add market leading High Court Enforcement capability and extend group into new markets, further growing the UK operations of multi-national parent, OUTSOURCING Inc.
5th September 2018 – JBW Group Limited has today announced it has acquired shares in Court Enforcement Services Limited (CESL), with funding provided by OUTSOURCING Inc. CESL will continue to be managed separately to JBW and will retain its brand and management team, led by Managing Director, Daren Simcox.
Simcox commented: “Court Enforcement Services has quickly become one of the UK’s leading High Court Enforcement service providers and has an exciting opportunity to grow further with the support of the right organisation. We found exactly what we have been seeking in JBW Group and parent company OUTSOURCING Inc., who will now provide the investment and infrastructure to assist us in scaling the business to meet the growing demand for our services. This is an exciting time in the development of our market, with the potential for legislative change to open up new areas where we can serve existing and new customers. Our combined capability will enable us to accelerate our growth plans and compete for a greater proportion of work from our core markets.”
Nick Tubbs, JBW Group Chief Executive commented: “We are delighted to welcome Court Enforcement Services to the JBW Group and OUTSOURCING Inc. family and pleased to have realised our long-term strategy to serve at scale the High Court Enforcement market and extend the Group’s capabilities into adjacent industries such as Utilities, and the broader markets for Debt Recovery Agencies through its customer-focused approach to court enforcement services. The modern, professional and pioneering culture at CESL is very closely aligned with our own, and the strong track record of the CESL team, together with our substantial investment in technology and customer processes, now provides the market with a new scale participant in the sector that is both highly innovative and competitive. While our two businesses will continue to be managed separately, and will retain their existing brands, there will be close collaboration and additional investment, and our increased scale and broader services will enable us to provide greater career opportunities for our employees. Through the combination of complementary skills and teams, we will be able to offer a complete range of collections, enforcement and debt recovery services to benefit our clients whilst accelerating best practice across both organisations.”
**ENDS**
EDITOR’S NOTES
About Court Enforcement Services
Court Enforcement Services is a High Court & Civil Enforcement services company with headquarters in East London. Founded and led by industry experts, the company has grown quickly to be a market leader since its foundation in , winning numerous industry awards, including Best Use of Credit Technology category, at the 2018 Chartered Institute of Credit Management (CICM)’s, British Credit Awards.
As the fastest growing High Court Enforcement company in the UK, Court Enforcement Services will continue to focus on its core markets:
- High Court Enforcement, including transfer up of CCJs above £600 to the High Court and Employment Tribunal Awards
- Commercial property enforcement related solutions e.g. CRAR (Commercial Rent Arrears Recovery), bespoke solutions for non CRAR property debt, Forfeiture of Lease, Eviction of Squatter and Trespassers
- Other legal support services including Process Serving.
About JBW Group
Established in 2004, JBW Group is a trusted collections and enforcement partner to UK Government and a market leading technical innovator in the recovery of unpaid penalties and council and commercial debt.
About OUTSOURCING Inc.
OUTSOURCING Inc. is a Japanese listed company on the first section of the Tokyo Stock Exchange with over 39 group companies in Japan and 130 globally; 78,000 employees; and FY12/17 annual turnover of approximately 1.6 billion GBP. Apart from holding a strong position in the Japanese market, the company has significantly expanded its business internationally in Asia, Oceania, Europe and Latin America in recent years.
