Our journey
Our company has always been different, we have always been pioneering and leaders in credit management - so our journey has been exciting so far!
We pioneered responsible collections, the ethical approach to maximising performance in the interests of clients, consumers and society as a whole. Lowell best practice is enshrined in The Lowell Way and we have expanded our reach and impact of The Lowell Way through careful and timely growth. This is our mission, to make credit work better for businesses, for consumers and our communities, across Europe. The Lowell Way drives growth and value, for us and all our stakeholders.
2019-2023
2023
- Lowell agrees sale of Swedish pool of portfolios
- Received our first independent ESG ration from EcoVadis
2022
- Lowell completes acquisition of Hoist Finance UK
- Two new independent Non-Executive Directors appointed
2021
- Financial Vulnerability index launch
- Overdales – new name for Lucas Credit Services and Lowell Solicitors Ltd
- Reached 10,000 trust pilot reviews with an average score of 4.5.
2020
- Refinancing – issuance of 1.7bn high yield bonds and parent contribution of £600m
- Solvencia becomes part of Lowell
- UK business website launch (www.lowellbusiness.co.uk)
2019
- New Chair appointed
- Acquisition of Lucas
2010-2018
2018
- Lowell acquires Nordic carve-out business from Intrum
2017
- Lowell achieves FCA authorisation in the UK
- Former Lowell Group and GFKL rebrand as Lowell
2016
- Acquisition of Tesch Inkasso Group
- Acquisition of IS Inkasso Group
2015
- Former Lowell Group and GFKL agree to become one group
- Permira acquires Lowell Group from TDR and merges with GFKL
- Lowell launches Lowell Solicitors Limited
- Lowell Financial Limited ranked number-one credit management and debt collection business in europe by OC&C
2014
- Lowell Group granted interim permissions by FCA
- Lowell Group opens new headquarters in Leeds Valley Park, Leeds
- AAA-rated Ontario Teachers' Pension Plan acquires significant holding in Lowell Group
- Interatech and Deutsche Multiauskunftei form part of GFKL Group
2013
- Lowell Group acquires Interlaken Group
- Lowell Group ranked in top three leading credit management businesses for the sixth consecutive year
2012
- Lowell Group breaks new industry ground by placing a $200m high-yield bond
- GFKL acquires SNT Inkasso & Forderungsmanagement, now GFKL Collections
2011
- TDR Capital acquires Lowell Group
2000-2009
2009
- Lowell Group acquires J2 Solutions
- Advent International becomes the new main shareholder of GFKL Financial Services
2008
- Exponent Private Equity acquires Lowell Group
2006
- GFKL acquires Zyklop Inkasso Deutschland
- GFKL completes the merger of ABIT with GFKL Financial Services
- GFKL acquires Inkasso Becker Wuppertal
- GFKL enters global receivables management business with the takeover of Wolter Inkasso, Essen
2005
- Merger of ABIT and GFKL Financial Services
2004
- Lowell Group is founded with £20m investment from Cabot Square Capital
- Merger of Phinware with ABIT 2003
2003
- GFKL acquires Phinware, Düsseldorf
- Voluntary public tender of GFKL to the shareholders of ABIT
- Sirius Inkasso is founded as part of the GFKL Group
1990-1999
1998
- Proceed Portfolio Services founded as part of the GFKL Group
- GFKL enters the receivables management business
1997
- Proceed Collection Services founded as part of the GFKL Group
1995
- GFKL becomes a stock corporation
1992
- GFKL Group is founded
