Robinson Way Limited has sold Chase Solutions, the field services division of the company, in a deal that protects the jobs of 20 employees.
Chase Solutions, which manages a nationwide field force of over 600 agents, has been acquired by Winterhill Largo plc, the asset valuation and recovery specialist and financial outsourcing group, for an undisclosed sum.
Najib Nathoo, chief executive of Hoist Finance UK, said the successful sale of the Chase Solutions division will enable Robinson Way to refocus on its core strengths.
“I am delighted that we have completed a sale in which all parties have achieved a satisfactory outcome,” he said.
“Robinson Way has been significantly re-energised following its acquisition by Hoist Finance last year, and this is yet another step in our journey to further strengthening a customer-centric business that is at the top of the premier league of contingent collections.”
A spokesperson for Robinson Way confirmed there had been “some” redundancies at the business last year.
But the spokesperson added that recently, Robinson Way has been recruiting in certain areas and creating different jobs.
The sale of the Chase business was partly to ensure that the Chase employees were protected.
Published 20 June 2013