July 09, 2006
BCW sells international outsourcing division, but continues to grow
UK's leading credit management group BCW is ready shed its 23-year old outsourcing division for £28 million. Founded by Paul Fraser, MD of BCW, the outsourcing arm had grown over the years through high value employment and investment. Now, it's the turn of its new owners, an MBO team backed by venture capital group Sovereign Capital, to reap the ultimate benefits.
However, the turnover at the remaining units of BCW is expected to touch £20 million this year. With some strategic alliances and acquisitions in the pipeline, BCW is well on its way to multiplying profits. Fraser spells out BCW's success formula:
We have invested hugely in technology - over seven figures per year - and it enables us to manage customer data far more efficiently than would otherwise be possible.
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