Marston! Whats going on?

[mikeymack2002]

Bailiff To Recover Big Windfall From Auction

 

 

"A firm of bailiffs which recovers unpaid debts on behalf of the British taxman is eyeing a bumper windfall as it prepares to be sold by its private equity owners."

 

Read more here http://news.sky.com/story/1546167/bailiff-to-recover-big-windfall-from-auction

 

 

Is Marston being bought out? wow could be interesting original story via LACEF (Scoop) http://www.scoop.it/t/lacef-news

[obiter dictum]

From what i hear Marstons are now part of the Capquest empire (Arrow Global)

[brassnecked]

Things that make you go Hmmmmmmm.

[citizenB]

http://www.scoop.it/t/lacef-news

[obiter dictum]

Talk about a conflict of interest if true.

 

Marstons saying they are bailiffs when door knocking for a civil debt that has not even been to court or claim issued

[mikeymack2002]

Things that make you go Hmmmmmmm.

 

 

 

 

 

Indeed any more info known yet?

[brassnecked]

Talk about a conflict of interest if true.

 

Marstons saying they are bailiffs when door knocking for a civil debt that has not even been to court or claim issued

They will send letters on bailff heading even if acting as Debt collectors, hoping target will assume they are acting as bailiffs.

[citizenB]

They will send letters on bailff heading even if acting as Debt collectors, hoping target will assume they are acting as bailiffs.

 

That is what Rossendales did/do. It is important I think when everything is in place, for those receiving letters and those helping to establish what type of debt is being collected. If the company is using it's bailiff headed stationary to collect a consumer debt then complaints should be made.

[Bailiff Advice]

They will send letters on bailff heading even if acting as Debt collectors, hoping target will assume they are acting as bailiffs.

 

Quite a few enforcement agencies also have a 'debt collecting' part to their business . For example. many of them work on behalf of private parking companies etc. In such cases the letters must not mention that the company are certificated enforcement agents and must not refer to the word 'bailiff' (or EA). The companies have separate limited companies for this purpose. A 'doorstep' vehicle would would come in for a serious complaint (this happened you two weeks back).

 

Also, enforcement agent fees cannot be charged.

[Bailiff Advice]

Indeed any more info known yet?

 

Any information that is known should naturally not be made public before an official announcement is made by Marston's.

[unclebulgaria67]

Why am i suspicious of so much private equity involvement in financing debt buyers/collections and enforcement companies. You don't know exact details of who is investing in these PE companies and quite often their accounts are routed via tax havens. i wonder whether they pay the tax that should be paid on the profits on collections they make.

[letsmakeamark]

Saw this earlier on :

 

 

Bailiff To Recover Big Windfall From Auction

 

A company which recovers debts to UK tax authorities is preparing to bag a big windfall of its own, Sky News understands.

15:18, UK, Thursday 03 September 2015

 

Marston describes itself as the UK's largest judicial services group

 

 

 

 

By Mark Kleinman, City Editor

A firm of bailiffs which recovers unpaid debts on behalf of the British taxman is eyeing a bumper windfall as it prepares to be sold by its private equity owners.

Sky News has learnt that Inflexion has appointed advisers from the professional services firm Deloitte to oversee a sale of Marston that is expected to kick off in the coming months.

The price tag that will be attached to Marston was unclear on Thursday, although sources said it was likely to be at a substantial premium to the value attached to the company when Inflexion invested in it in 2012.

Marston describes itself as the UK's largest judicial services group, employing 1,200 staff and self-employed agents, who recover £200m each year on behalf of magistrates' courts, Her Majesty's Revenue and Customs and local government through the recovery of unpaid Council Tax and road traffic debts.

The company was previously owned by another private equity group, Gresham.

Marston says that it acts "on behalf of taxpayers to recover outstanding criminal fines, child support arrears, council tax, congestion charges, and bus lane contraventions. We also recover unpaid Employment Tribunal Awards due to employees and unpaid invoices due to small businesses."

The frequently contentious nature of its business may provoke some controversy about the size of the windfall that could be made by Inflexion and some of Marston's top executives.

The company, which was unavailable for comment on the sale process, insists that "maintaining the highest professional standards of service that demonstrate our commitment to ethics, transparency and customer service excellence is a vital part of our success".

Inflexion, which is in talks to buy the Yo! Sushi chain and owns businesses such as Jack Wills, the fashion retailer, declined to comment on the appointment of Deloitte.

 

 

Original here :

http://news.sky.com/story/1546167/bailiff-to-recover-big-windfall-from-auction

Edited September 8, 2015 by citizenB

[mikeymack2002]

This is the story being discussed on the thread

[Andyorch]

Threads were merged mikey.....same subject..check the thread title in that post...

 

Regards

 

Andy

[brassnecked]

That bailiff in the picture on post#12 looks like a bailiff, burglar or TVL inspector trying to see through net curtains and failing miserably, he is certainly too fat to climb in through a window. Good job that is unlawful now.

 

The Hedge Funders smell a profit, in other people's misery.