PRAC Financial

Growth Capital

In June 2017 Endless acquired PRAC Financial Limited (“PRAC”) from its private owners. PRAC is a niche debt purchasing business, specialising in acquiring regulated and non-regulated, consumer and commercial debt portfolios. PRAC is regulated and authorised by the Financial Conduct Authority and a member of the Credit Services Association.

Following the acquisition, two debt portfolios were acquired, with a face value of more than £220 million and PRAC engaged Leeds based BW Legal Services, a market leading debt collection and litigation business as its collection agent.

In November 2018 Endless sold its equity holding back to the management team of PRAC.