Urban & Asociatii recoups over 15m euros in 2005

Urban & Asociatii, a company specialising in debt collection, recovered receivables of over 15 million euros last year, according to company officials. The company has recently signed a debt-collection contract with Oriflame, the cosmetic products distribution company. Urban & Aociatii tripled its turnover last year, reaching over 1 million euros. Urban & Asociatii began its activity in the field of debt recovery in 1997. Until then, the company had provided regular assistance and legal representation services. The company currently has over 180 employees. According to the main players on the market, the volume of receivables recovered will double this year due to the growth of retail markets and of the commercial market. Among clients of the company are Volksbank, Societatea Romana de Televiziune (The Romanian Television Company), Michelin Romania, Altex, Domo, Flanco, Societatea Romana de Radiodifuziune (The Romanian Radio Broadcasting Company) Coats Romania, Contor Zenner, Pneurom Pirelli, Lindab Romania and Gerovital. ZF