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Harlands Group rescues Health Clubs following Belmont Finance collapse
It has been disappointing to see Belmont Finance, one of our main competitors, placed into Administration this week. However, the good news is that Harlands Group has purchased the business out of Administration and secured the long term collections of millions of pounds for the Health Clubs who used their collection services.
It is unfortunate that in some cases Health Clubs will have suffered cash flow difficulties as a result of Belmont's collapse but Harlands are providing urgent financial assistance for the Clubs worst hit at this critical time of the year.
"Although for some clubs there will undoubtedly have been cash flow headaches, we are delighted to have helped secure their long term Direct Debit income and provide much needed temporary financial assistance. As all Health Club operators will appreciate, to have had to contact all members and get them back into the club and sign new membership agreements would be extremely difficult if not impossible"
Kevin Scott, Director, Harlands Group
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Harlands Group expands Debt Recovery operation
The purchase also means Harlands Group has acquired Belmont's debt recovery arm - Revenue Collection Services. Combining this with Harlands existing debt recovery division - Credit Resolution Service means Harlands are now the major force in the UK Leisure Industry Debt Recovery sector.
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Harlands Group takes over ECI collections
Harlands Group has also taken over the administration of the monthly collections made by ECI on behalf of their former Health Club clients, adding even greater strength to the Harlands portfolio.
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Harlands Group leading the market
Following an unprecedented growth in new business in the last 12 months, the purchase of the business of Belmont and taking on the ECI collections means that Harlands now have a turnover far greater than any of its competitors in this market sector.
"We now collect in excess of £10,000,000 each month on behalf of our clients. The increased volumes we are processing have allowed us to invest significantly in technology which in turn has enabled us to deliver even greater savings to our clients. Our clear focus on developing more efficient systems placing us far ahead of our competitors and we are very positive about the future" - Philip Ward, Managing Director, Harlands Group
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Kevin Scott
