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News : Derry Call Centre Sold to Computershare by Building Society
24 July 2014 -- Third party mortgage administration firm HML, which employs 350 people in a call centre in Northern Ireland, has been sold to global business Computershare.
HML (Homeloan Management Ltd) has been off-loaded by Skipton Building Society in a deal, which includes an adjustment for surplus working capital.
A spokeswoman for HML said there were "no plans for redundancies" as a result of the deal.
Skipton could receive more than the initial amount depending on revenue growth in 2015 and 2016.
The Derry branch of HML is based in the city's Ulster Science and Technology Park on Buncrana Road. There are also offices in Glasgow and Dublin, as well as at its base in Skipton.
HML's new parent company "has a strategic commitment to the UK and Europe's mortgage market", according to HML chief executive Andrew Jones.
He added that Computershare had bought HML in order to significantly invest in the mortgage servicer to allow it to take advantage of developing opportunities.
"I am delighted that HML and Computershare will be working together, and Computershare becoming our parent company is excellent news for the business and those who work at HML.
"Computershare is committed to investing in and growing HML, allowing us to continue to be the leading third-party mortgage administration company in the UK and Ireland," he said.
"With the desire to grow the business and develop the specialist expertise that HML has, it's clear to me that culturally we are much aligned with Computershare.
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - Minimize Change
HML is a mortgage administration company.
Published: Friday, July 25, 2014