Press information

TDX Group gives £3000 to orphans at Christmas instead of sending corporate gifts.

10th December 2012 – TDX Group, a leading provider of data and technology products, moved into its new offices in the Lace Market area of Nottingham last week, taking a suite of offices in the futuristic Pod development in Fletcher Gate.

Just six months after launch, data exchange Helix has welcomed yet another leading creditor, with Lending Stream joining as a participant.

TDX Group has welcomed yet another member to its data exchange HeliX, thereby broadening its data reach even further.

Why data sharing is the future of debt recovery

Elliot Jackson, Director of HeliX (the UK’s only data exchange specifically for consumers in financial arrears) explores why data sharing is the future of debt recovery.

TDX today announced the formation of a new, independent, division which will provide products and services to participants of the debt industry. It will leverage data and technology to improve decision making, efficiency and service across the debt industry.

TDX Group, a leading provider of data and technology products, today announced an Autumn recruitment drive for 16 technology roles in its Nottingham head office.

TDX, the UK’s leading provider of data and technology driven debt solutions, has appointed Nigel Gale as Director – Sales and Partnerships.

Nationwide, the UK’s leading building society, has agreed a 3-year exclusive contract with TDX to use PLATO for its placement and management of all unsecured debt accounts including current accounts, personal loans and credit cards.

Having quantified the benefits of becoming a HeliX participant Anglian Water, the largest water and wastewater company in England and Wales by geographic area, has joined the UK’s only data exchange specifically about consumers in financial arrears.

Having quantified the benefits of joining the UK’s only data exchange specifically about consumers in arrears Ikano, a UK-leading retail credit specialist has joined other major creditors as a HeliX participant.

TDX is named as one of the UK’s Best Workplaces by the Great Place to Work® Institute. Building on previous success, the company features in the list for the fourth time, and is ranked among the 25 best medium sized companies in the UK.

TDX, the UK’s leading provider of data and technology driven debt solutions, has appointed Elliot Jackson as Director of HeliX – its newly launched data exchange that brings together the knowledge of creditors to improve debt placement decisions and activity.

TDX launches HeliX, the first data exchange to bring together the knowledge of creditors to improve debt placement decisions and activity

Following a competitive tender process Anglian Water has agreed a 3-year contract with TDX for support with placement and management of a large proportion of its domestic debt accounts.

Members of the TDX leadership team took part in a discussion about current challenges and how 2012 may differ from 2011

TDX article in CCR magazine: Using the latest technology to eradicate manual processes and reduce risk can increase the amount of cash collected

TDX Group enhances its PLATO solution with the addition of technology and processes that were part of the CAM offering. Interlaken Group focuses on building its leading position in the debt collection market with the Fredrickson International and SRJ Debt Recoveries businesses.

TDX article in CCR magazine: Sellers and buyers will need to work together in 2012 if they are to see an increase in pricing and returns

TDX data shows that the proportion of people paying less than £175 per month almost doubled in 2011 and more than quadrupled since 2008: "High inflation has squeezed disposable income levels and the average monthly amount paid by someone in an IVA is now £250 - almost half the amount typically paid in January 2007 prior to the recession. This has been driven by larger quantities of people now accessing IVAs paying contributions of £100 to £175."

A team of 13 from BT and TDX spent a day improving the outdoor area of the Nottingham Women's Centre clearing weeds,pruning and planting, including creating a vegetable patch and areas to encourage
birds and wildlife.

Denise Allan, Director of Operational Finance, Sky commented: "We are pleased to be working with TDX. We selected TDX as a partner because we believe their purpose-built recoveries platform and systems will complement our own capabilities and their intermediary position will broaden and deepen our relationship with debt collection agencies."

With more than 30 years experience, Bob has extensive knowledge of debt management, collection strategies, operations and project management as well as client relationship management. Previous roles have included senior positions at Orange/T-mobile, npower, Centrica and 3 Mobile.

TDX has been awarded ISO 27001 certification for Information Security Management relating to the provision of debt placement and management.

Mark Sanders has been appointed CEO of TDX. Sanders takes over the role from founder, Mark Onyett, who remains on the Board as an Executive Director.

TDX article in July CCR: With uncertainty about debt levels set to continue, the importance of data and insight in defining a collections strategy has never been more important.

TDX has once again been named one of the UK’s Top 50 Best Workplaces in the Great Place to Work Institute's annual rankings.

BT plc (BT) has agreed a three-year contract with TDX. TDX will see all of BT Retail's final debt accounts.

TDX offers access to the components of its debt collection solution to give creditors new options and more control.

TDX Group reports a rise of almost 40% in the volume of IVA applications from January to September this year.

British Gas has embarked upon a four-year relationship with TDX Group. The relationship will see TDX Group manage British Gas’ late final debts following British Gas’ own internal customer recovery treatments of its residential customers.

TDX Group reports a 7% rise in the amount of unsecured debt accumulated by IVA applicants in Q2 2009 compared to the same period last year. Its IVA Index, which analyses IVA applications in England and Wales, shows the average unsecured debt has increased to £54,586 compared to £50,734 in Q2 2008.

TDX Group has once again been named one of the top fifty UK’s Best Workplaces in the Great Place to Work® Institute’s annual rankings, as published in the Financial Times and the Guardian. 

Almost half (46%) of people, equivalent to 11.5 million households are concerned that they will struggle to meet payments for one of more of their utility bills over the year ahead and 10% say they will ‘struggle a lot’, according to research commissioned by TDX Group.

Commenting in response to Q1 2009 figures announced today by the Insolvency Service, Stuart Bungay, Director of Financial Services, TDX Group said: "According to our data the numbers of homeowners resorting to IVAs continues to rise, representing around 51% of all IVAs compared to 34% at the beginning of 2008."

TDX Group warns of a 50% increase in people seeking formal debt solutions in 2009. Furthermore TDX Group anticipates a doubling of debtors who have no realistic hope of recovery, whose only option will be bankruptcy or the new Debt Relief Order (DRO).

Following the announcement from the Insolvency Service to withdraw the introduction of the SIVA, TDX Group, the leading provider of analytics-based debt management, believes the financial difficulties industry must, in the face of worsening economic conditions, redouble its efforts to deliver previously agreed improvements to the existing IVA regime.

Market data produced by TDX Group, the leading provider of debt management services to creditors, shows the biggest ever deterioration in the macro conditions affecting the ability of creditors to collect outstanding balances and also the worst position for creditors since the TDX Group Debt Index was collated in 2002.

TDX Group’s Q3 IVA figures show that average IVA applicant earns almost 10% more than last year
Credit drought is forcing people into IVAs earlier

TDX Group has appointed Robin Tarling as director of a newly created Financial Difficulties Solutions group, which will incorporate The Insolvency Exchange (TIX) and The Debt Management Exchange (DMX).

TDX Group launches UK’s first quality mark system for debt solution providers
£8.1 billion managed by first debt solution provider consumer speaks to
Code of Practice designed to ensure customers get the most appropriate debt solution
Initiative set to drastically improve the success rate of debt solutions
Members regularly assessed by an independent body

Overall number of IVA applications is levelling out

Improvement in credit losses offset by decline in household savings

47% increase in the number of IVAs taken out by homeowners in May

715,000 people will have Debt Management Plan by end of 2008
Average length of DMP should be reduced dramatically

The Great Place to Work® Institute’s UK’s annual rankings of the UK’s Best Workplaces named TDX Group among the top fifty best places to work in the country.

The last decade has seen a major economic and social phenomenon in the UK: the huge growth of the consumer credit market.

New research from TDX Group, the leading provider of analytics-based debt management, reveals that in 2007, £7.4 billion of UK defaulted unsecured debt – around one third of the total - was sold on by banks and creditors.

Consumer confusion likely as number of debt solutions increases Number of IVAs and debt management plans could double.

The debt management industry is in urgent need of reform if it is to successfully deal with the rise in demand for Debt Management Plans (DMPs)

Changing economic conditions will result in more people facing financial difficulties

Returns from this sector could be improved by 50%, simply through the effective use of segmentation and data rather than using a standard process.

TDX Group, the debt management solutions provider, has launched a business to provide services to Spain and Portugal.

Using its unique data TDX Group is about to launch a fascinating report examining the UK Consumer Debt Climate. Mark Hover, Director of TDX Group’s TIX provides a sneak preview of some of its findings.

Debtors get a better deal with new IVA protocols, says Mark Sanders, UK Managing Director at TDX Group.

Reduction of insolvencies offset by a rise in unsecured write-offs.

Insolvency Industry ratifies new protocols for IVA management, streamlining processes and enabling consumers to pay off their debts more quickly.

TDX Group expects statistics published on Friday 1st February from the Insolvency Service to show a further decline in Individual Voluntary Arrangements (IVA).