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).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 - experience
Having acquired and collected in volume over the last 15 years Ultimo has established the largest debtor database within the Polish market comprising:
- 18,5 billion PLN indebtedness of approximately 3 million Polish consumers acquired since 2002;
- over 3.6 million cases;
- nearly 220 NPL portfolios, including 128 portfolios from the financial sector.
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.