JBW Group’s annual report shows a 13% increase in revenue, 61% increase in profit and also a tender win rate of 71%. They also added 15 new contracts to their portfolio. The Taking Control of Goods Regulations that were implemented in 2014 are mentioned as having a net positive effect on the business, on creditors and on the debtors from whom they collect. In most circumstances the average fee applied before a debtor pays has reduced. This is positive for all concerned.
Commenting on the report David Leach, JBW’s Commercial Director, commented: It has been a positive year for the industry as a whole. JBW’s success has been boosted by its prior year’s investment in technology and people, which ensured that we were best placed to take advantage of the industry changes. I am pleased with the results.