Marlin Financial buys debt from high street banks and recovers as much of it as possible. The company says it has not lost money on the loans and credit card bills it takes over because its analysts use sophisticated algorithms to assess the likelihood of getting the money back. Previously owned by an American company, Marlin Financial was bought out by Martin Dunphy, 45, in 2006, and in 2010 Duke Street acquired a 58% stake. Under new chief executive Ken Stannard, the company secured a £80m credit facility last month.
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