Encore via two offshore locations take over chasing debtors for Affinity Water
They are the UK’s biggest debt collector, Cabot Credit Management. Cabot buys debts and loans in arrears from banks, utilities, telecom companies and local authorities, and then chases the borrower or customer for missed payments.
AW serve 1.4 million households and 78,000 companies.
In 2019 Affinity Water (AW) did away with there own debt collectors and outsourced all their debt collection for non-payment of water bills to Orbit Debt Collections Ltd (Orbit), who are owned by Cabot.
Orbit do not just work with AW. They also undertake work for:
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Southern Water
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Anglia Water
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Essex & Suffolk Water
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Hartlepool Water
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Northumbrian Water
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South West Water
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United Utilities
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Yorkshire Water
Orbit and Cabot are headquartered at 1 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4UA.
They are owned by Cabot Financial Debt Recovery Services Limited, who in turn are owned by, Cabot Financial Holdings Group Limited, who are owned by Cabot Credit Management Group Limited and on for another three companies until we arrive at Cabot UK Holdco Ltd.
This last company is owned by Cabot Holdings S.À.R.L whose address is 47 Avenue John F. Kennedy, L-1855, in Luxembourg; which is a tax haven.
The most important feature of a secrecy jurisdiction/tax haven is that local politics is captured by financial services interests.
The address for the company, NOT the company itself, shows up in the Panama Papers
Cabot Holdings S.A.R.L. ultimate owner is Encore Holdings Luxembourg S.A.R.L. Luxembourg
Encore Holdings Luxembourg S.A.R.L is registered at Rue De Neudorf 560 A 2220, Luxembourg.
Encore Holdings Luxembourg S.à r.l. has 15 employees across all of its locations. There are 89 companies in the Encore Holdings Luxembourg S.à r.l. corporate family.
Again, the address where the company is registered, NOT the company itself, shows up in the Panama Papers
From Luxembourg, the company stretches across the Atlantic and lands in Delaware, where the company is incorporated as Encore Capital Group Inc, with its headquarters at 350 Camino De La Reina, Suite 100 San Diego, California 92108
In February 2013, The Economist published an article on tax-friendly jurisdictions, commenting that Delaware (USA) stood for:
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Dollars and Euros Laundered And Washed At Reasonable Expense.
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