VEN888

Debt Collections Agency Serving Hospital Based Physicians in Texas

Southwest US
 

The company is a debt collection agency that collects outstanding debts that have been moved to the first placement of collections. It works as an extension of its clients' accounts receivable department.

Key Aspects:

  • In operation for over 30 years with long-standing client relationships and an excellent reputation in an industry that holds the highest amount of debt in the U.S.
  • Proprietary software that streamlines the company's overall collection process.
  • High adjusted EBITDA margins averaging over 30% over the last four years.

    Opportunities:

    • Strong operations from which to expand to other markets such as mortgage, auto financing and credit cards.
    • Expand into other Southern states with more relaxed collection regulations.
    • Investment in headcount to support growth into other geographic markets.
    • Search-engine-optimize the company's website and develop internet marketing campaigns to facilitate brand awareness.
       
       
       
      Year:

      2016

      Internal

      '000

      2017

      Internal

      '000

      2018

      Internal

      '000

      2019

      Internal

      '000

      Turnover2,0401,9322,0991,036
      Gross Profit:2,0401,9322,0991,036
      Adj. EBITDA *871641613325
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited