Release Date: Thursday, March 11, 2010
Phillips & Cohen Associates (UK), Ltd., a full service debt recovery agency with headquarters in Manchester, UK announces industry veteran Nick Cherry joining their team as Site Director.

Nick Cherry is currently Director and General Manager of Red2Black Collections Ltd, The Funding Corporation’s wholly owned debt recovery subsidiary. Nick has over 14 years experience in debt recovery including previous management roles at Citi-Financial and specialist motor lender, ACF Car Finance, where he was responsible for growing its motor finance subsidiary Cygnet Financial Services from origination through to net annual profits in excess £1 million before it was purchased by The Funding Corporation in 2003. In 2005 Nick moved to Chester to help manage The Funding Corporation’s debt recovery operation where he was soon promoted to Head of Collections, before being appointed as Director & General Manager in March 2008.

According to Mr. Cherry, “I am genuinely excited at the opportunity of joining a leading debt recovery business. It is fair to say that Phillips & Cohen Associates have transformed the world of probate collections since their arrival in the UK 3 years ago and I look forward to working with the management team to build on this success.”

He added, “Our focus for 2010 will be on continued delivery of outstanding results and service for our clients, achieving profitable and sustainable growth in our product offerings, and in providing our workforce with a positive working environment.”

Mr. Cherry will report to CJ Hamilton, EVP of Global Recovery for Phillips & Cohen Associates, Ltd.

Adam Cohen Esq. Co-Chairman/CEO of Phillips & Cohen Associates, Ltd. noted, “We are thrilled to have Nick join Phillips & Cohen Associates. His experience, reputation and unquestioned integrity make him the ideal leader for our Manchester operation. We look forward to Nick’s positive impact on our strategic growth plans in the UK and European markets.”

About Phillips & Cohen Associates, Ltd and Phillips & Cohen Associates (UK), Ltd.: Phillips & Cohen is dedicated to providing all of our clients with Best in Class service and performance. At Phillips & Cohen, our employees, interactions, strategies and partnerships and all guided by our five company "Value Drivers": Respect, Integrity, Accountability, The will to win and commitment. Our dedication and performance has allowed Phillips & Cohen to grow from our original site in Westampton, NJ to now five state-of-the-art domestic offices — including a dedicated analytics office in Colorado Springs, CO — and two international offices in Manchester, UK and Welland, Ontario, Canada.