Perch Group plots growth with £90m funding package

Blackpool-based debt specialist Perch Group has secured two new funding facilities worth a combined £90m to enable the next stage of its ambitious growth plans.

The new capital comprises of a new NatWest-led banking syndicate, which includes Hampshire Trust Bank, and a material enhancement and increase of the existing arrangement with Quilam Capital which supported Perch Group’s management buy-out in April 2022.

Perch Group offers a range of data-led services across the debt lifecycle through its debt purchaser Perch Capital, debt resolution agency ACI UK, and litigation firm TM Legal, as well as its recently launched field services company, Verify.

Over the last 12 months, Perch Group has seen a 44 per cent increase in the number of accounts purchased, a 38 per cent increase in the face value of purchased debts, and a 40 per cent increase in the number of clients it has served.

Mark Pickup, Perch Group’s chief financial officer, said: "The successful completion of this transaction represents a momentous milestone for Perch Group and bolsters our aspirations of becoming a leader in the UK's debt purchase sector.

"It not only equips our group with substantial debt capacity but also augments our competitive edge."