It's been a good year in the receivables management market. Earlier this month Credit Corp reported a 26 per cent increase in earnings and yesterday Collection House reported that it too had increased net profit by 26 per cent.
Collection House made a net profit of A$12.7 million in the year to June – up from $10.1 million in the previous year.
The company's debt ledger acquisitions increased from $49.1 million in 2010/11 to $61 million last financial year.
During the year the company established a commission collections business and now has all four major banks as...
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