Debt group expands as it buys UMS

DEBT collection agency BCW Group yesterday swooped on energy bill specialist Utility Management Services (UMS) in what is believed to have been a seven-figure deal.

Glasgow-based BCW said the takeover would allow it to offer a broader range of services, which it hoped will appeal to utility companies looking to recover debts from their customers.

Bryan Mouat, BCW’s managing director, said: “The UMS team has consistently been top of league tables and they bring a wealth of experience.”

The Scottish firm grew its profits by 67 per cent to £4.4 million in 2011, the first full year of trading since it was taken over by Oslo-based financial services firm Gothia Group. BCW’s turnover rose by 21 per cent to £28.5m.

UMS is expected to add about £5m to its turnover.