The Ultimo Group is among the leading debt purchase companies on the Polish non-performing loan market, specializing in acquisition of consumer debts. The company is focused on the banking and consumer finance sectors given they represent the vast majority of outstanding unsecured credit, but does have experience of acquiring from other sectors, in particular in telecoms. Ultimo also has established footholds in adjacent credit markets such as SME finance and secured household debt (mortgages).
The key companies of the Ultimo Group:
Ultimo S.A. (Ultimo Poland) is the parent company for Ultimo Group and the main operating entity. Its operations include leading the portfolio investment process, defining collection strategies for purchased debts and implementing servicing using both amicable and legal approaches.
Legal Office or Kancelaria Prawna, K.Buczek i Wspólnicy sp. k. is a limited partnership company. The company provides legal services exclusively for Ultimo as part of the collections process and whilst majority owned by Ultimo, its shareholders include two practicing lawyers, as required under Polish law.
TAKTO Finanse Spółka z ograniczoną odpowiedzialnością is a special purpose vehicle involved in the Group’s lending business, offering safe, accessible loans, adjusted to the needs of private clients.
ULTIMO - a present participant on the debt purchase market
As an ever present participant on the debt purchase market, Ultimo has established long term relationships with all of the major originators of unsecured consumer credit in Poland and has experience of completing acquisitions with 57 vendors. These relationships are based on a reputation of transacting reliably backed by long term funding, coupled with a compliant and ethical approach to customers. Ultimo upholds the highest ethical standards in its approach to dealing with debtors, seeking to work with them in order to achieve a fair outcome for all parties.
ULTIMO - experienceThe Ultimo Group belongs to the leaders of the debt management market in Poland, constantly developing and increasing its market share.
At Ultimo, we attach great importance to the standards of operation and service quality of all business partners and indebted people, building on this our competitive advantage. We present an advisory approach to solving problems of indebted people. Our priority is effective, but above all, ethical action leading to the recovery of debts. The company offers many career opportunities - currently employing over 800 employees.
Over the last 17 years of operations, purchases of receivables have made the Ultimo Group a leading debt management company:
- 19 billion PLN indebtedness of approximately 3 million Polish consumers acquired since 2002;
- over 4,7 million cases;
- nearly 240 NPL portfolios.
Thanks to many years of presence on the market, built and established position of a reliable partner, Ultimo has developed professional business relations with leading sellers of debt portfolios in Poland. Ultimo S.A. is a member of the Conference of Financial Enterprises in Poland - an institution guarding high standards of conduct in the economic turnover. Since 2010, Ultimo has a license from the Polish Financial Supervision Authority to manage securitized debts.
From August 2014, Ultimo S.A. is part of the international B2Holding Group. B2H is based in Norway and is one of the leading entities in the field of purchase of receivables and debt collection, conducting its operations in Scandinavia, Central and Eastern Europe and the Balkans. B2Holding's strategy is to expand its portfolio by investing in new and attractive markets on the map of Europe and offering effective and optimal solutions for business partners and indebted people.
Ultimo- reputation and market position
The strength of reputation and market position was evidenced in June 2013, when it completed the acquisition of the largest portfolio ever sold in Poland.
Post acquisition, portfolios are managed though a sophisticated collections platform which has both an amicable collection capability (call centre and letter based communication with customers) and an established legal collections process which takes a targeted approach to litigation where it is identified as a suitable servicing strategy.
While Ultimo will continue its focus on its core business, further potential incremental opportunities have been identified, leveraging the core competencies of the Group and the depth of understanding it has gained of its customer base.
Ultimo - mission, vision and values
We introduce financial balance.
We want to be the most ethical, the most innovative and the most effective debt collection company in Poland and a good place to work.
Trust and integrity - We earn trust with our stakeholders by being transparent, honest and fair
Flexibility - We will be flexible and agile as people and organization
Excellence - We strive for excellence in all we do
Go for it - We have an entrepreneurial mind-set, actively seeking ways to improve and develop our services and taking ownership of our work
Be together - As a team we can achieve far more and get better together