Fredrickson International Collects Half a Billion Pounds

Weybridge, UK – Fredrickson International surpassed the £500m (five hundred million) mark in recoveries on the 23rd June 2010.

Group Managing Director, Simon Jones commented, “When Roy and I set up Fredrickson International, we of course had high aspirations but neither of us thought we would collect half a billion pounds.”

Fredrickson International has always pioneered new technology and provides a wide variety of payment methods, it was the first Debt Collection Agency in the UK to offer a fully interactive debtor’s website – www.fredpay.com – and is the only DCA currently offering Mobile Phone recycling as a payment method in addition to the multitude of other options available.  Significant investment has been made into increasing Right Party Contact (RPC) rates with 10-15% of gross turnover being re-invested into Research & Development during the past 5 years.

Simon Jones continued, “We have always tried to remove any barrier to payment and having more options available than other DCA’s does enable us to increase recoveries for our clients.  We are delighted in how the business is moving forward and based on our current performance we fully expect to cross the billion pound recoveries mark within the next 5 years.”

About Fredrickson International
A leading UK Debt Collection Agency, Fredrickson International has the reputation for Industry leading innovation and the highest results in recoveries and compliance. Fredrickson is active across a wide spectrum of industries and is solely focussed on collecting consumer debt.  Performance can be measured by virtue of the fact that Fredrickson currently leads more than 95% of its clients published league tables.

Additional information can be found at www.freds.com