News Article

Debt Collection

Exciting changes at Oriel

By CreditMan Monday, June 24, 2013

Oriel is delighted to announce the following structure changes at Board level to strengthen the key
management team as it looks to build on the recent growth of the business.

With immediate effect Gary Norris joins the Board of Directors of Oriel Collections as Operations Director following 6 years as the head of operations. Coupled with this Chris Vicary also joins the full
Board as Sales Director having driven the mainstream sales growth over the last 2 years.

Oriel Receivables, Oriel’s debt purchase business, is similarly strengthened with Vincent Bull moving to join the Board of Directors as Sales Director having developed the sales of this product over the
last 7 years.

These moves come on the back of a very progressive 5 months for both Oriel businesses. Oriel Receivables has recently secured a significant new funding line enabling it to continue to grow its
retail finance offering. The overall Collections business has benefited from the growth of this product along with continuing to develop a diverse portfolio particularly in the education and licencing sectors.

Oriel have moved to strengthen the Board following a decision by the Managing Director Adrian Stalley to leave the business. Adrian has been the key figurehead for the two businesses for 10 years and has decided to take up a life-changing opportunity in Florida, USA running his own business completely outside of the Debt Recovery industry whilst combining this with his soccer coaching of
young players.

Adrian commented “I have loved working in the industry for 17 years now and am very proud to be leaving on a high with the recent positive results for Oriel. Although it is a major opportunity for me and my family there is still the tinge of sadness to be moving away from the many friends and
contacts I have made across the whole industry, but the thought of some sunshine was just too good to turn down. I know I leave Oriel in a very good position to continue to achieve its goals”.

Adrian will remain in the business until the 31st July to oversee the smooth handover of a number of relationships and business responsibilities.

Gary Norris added “by strengthening the board Oriel is well placed to continue to develop and grow the business within the industry continuing the excellent work Adrian has achieved in his time.

Everyone at Oriel wishes Adrian and his family all the best on their new adventure”.