The business of this Sussex firm is to buy bad debt from high-street banks with the aim of recovering as much of it as possible from the individual borrowers who defaulted. The firm says that, thanks to the sophisticated calculations it uses to determine which portfolios of debt to buy, it has never lost money on a portfolio. In 2006 founder and group chief executive Martin Dunphy led a buyout from the company’s American owner, and in 2010 Duke Street Capital bought a 58% stake. Sales increased by 51% a year, from £5.2m in 2007 to £17.9m in 2010.
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