Keith John

THE Pioneer name has returned to WA debt collection, less than three years after the business was vended into the float of Receivables Management Group where it became part of the first national agency to operate in Perth.

Perth debt collection specialist Keith John has sold his Malaysian business to Credit Corp Group, six months after selling his Australian business to the same purchaser.

PERTH debt collection specialist Keith John has sold his Malaysian business to Credit Corp Group, six months after selling his Australian business to the same purchaser.

Perth-based financial services group Pioneer Credit is looking to raise more than $40 million with the sale of just over half the company through an IPO which will provide capital for the group to expand its debt purchasing.

Perth-based financial services group Pioneer Credit has outlined plans for a $40.2 million IPO, the largest by a Perth company in 20 months.

A range of sophisticated and institutional investors have been named as some of the major shareholders in financial services firm Pioneer Credit following its $40.2 million IPO.

Perth-based financial services group Pioneer Credit has delivered full-year profit of $4.6 million in its first year as a publicly-listed company on the back of strong gains in customer payments.

East Perth-based financial services group Pioneer Credit has delivered an interim profit after tax of $1.6 million, but said it was still on track to achieve a FY15 profit of $6.6 million in its first full financial year as a public-listed company.

Financial services provider Pioneer Credit has sold $3.1 million worth of bankruptcy-comprised customer accounts if felt could not generate any further value, but none of the proceeds will be contributing to the company’s full-year profit.

Pioneer Credit has taken a 14.1 per cent stake in Kalgoorlie-based financial institution Goldfields Money for $2.3 million as the two companies make plans for a joint working relationship.

Perth financial services provider Pioneer Credit has today reported its 2014-15 earnings are expected to exceed its $6.6 million forecast, and post an operating profit of $7.7 million.

Financial services provider Pioneer Credit says it’s on track for a record FY16, after delivering a 105 per cent rise in half-year profit.

Perth-based financial services provider Pioneer Credit has acquired an online mortgage broking company for an undisclosed sum.

Local financial services provider Pioneer Credit has raised nearly $6 million from investors as it seeks to further grow its business.

Keith John has been appointed as a non-executive director of Goldfields Money. Mr John is the founder and managing director of Pioneer Credit and has over 20 years of experience in the receivables management industry.Rob Bransby has resigned from the board of Goldfields Money.

Financial services provider Pioneer Credit has boasted a record year of growth, with increases in revenue, net profit and customer numbers.

Financial services provider Pioneer Credit has raised $20 million from investors to fund the purchase of a $14 million debt portfolio, with long-term shareholder Banksia Capital selling its 9.75 per cent stake at the same time.

Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.

Goldfields Money has appointed John Kolenda as non-executive director following the resignation of Keith John from the board. Mr  Kolenda is the co-founder and managing director of Finsure, a strategic partner with Goldfields Money.