The Standard & Poor's (S&P) report, which gives Target a 'Stable' outlook, highlights the firm's growth by entering into several new contracts with major financial services providers including Yorkshire Building Society, Shawbrook Bank and Gilliat Financial Solutions.

Standard & Poor's also affirmed Target's 'Above Average' sub-ranking for management and organisation and loan administration.

James Snow, Chief Executive Officer at Target Group, said "Target Servicing offers efficient, quality services to our clients. We will continue to strive hard to deliver the best results for our clients and achieve further growth and improvement in the year ahead."

Download the Standard & Poor's Servicer Evaluation Report for Target.

Target will provide full account administration, customer servicing and arrears management for the commercial mortgage portfolio, enabling Shawbrook to focus on customer acquisition and origination of new business.

Target is already providing outsourced service for Shawbrook's secured and unsecured lending portfolios.

Nick McAuliffe, Chief Operating Officer at Shawbrook Bank commented:

"As a highly focused and agile specialist bank it's extremely important to us that our customer experience is first class. Working with Target will ensure our customers receive an excellent service.  Target's tailored approach and experienced team will help us meet our business objective to grow the bank's balance sheet and to provide a more flexible lending alternative to the big high street banks in the market today."

The Yorkshire currently has an existing buy-to-let book through its merger with Chelsea Building Society and is taking its first steps into new lending in this area of the market.

The Society's measured entry into buy-to-let will be through its intermediary lending arm, Accord Mortgages, and has led to its first outsourcing partnership with Target Group.

Target will provide servicing support from mortgage origination through to account and arrears management, enabling the lender to focus on customer acquisition activities.

Jeremy Law, Head of Buy-to-Let at Yorkshire Building Society commented: "Target have the sector expertise and knowledge to help the Society to fulfil our growth plans in the buy-to-let market."

James Snow, CEO at Target added: "Yorkshire Building Society is entering the buy-to-let market place at a very exciting time, as the owner occupier market recedes and the rental sector demand increases.  We look forward to helping the Yorkshire realise its full growth potential through the provision of first class mortgage origination and servicing."

Pictured here are Jeremy Law, Head of Buy-to-Let, Yorkshire Building Society with Glen Herbert, Chief Operating Officer - Servicing for Target Group.

Target is confident that its sales will increase by 40-50% over the next few years.

Commenting on this achievement, Target Group Executive Chairman Grant Hawkins said: "Target are benefiting from the growing wave of customer services being repatriated to the UK from abroad and the need for existing banks and insurers, as well as new entrants to the lending market, to upgrade loan processing platforms to manage these non-core assets, from mortgages to motor loans, more effectively.

Target has worked incredibly hard over the past year to secure our position as a leading service and software provider, not only on the domestic, but the global stage.  This commitment puts us on track to double our sales over the next few years and further grow our business both home and abroad" he added.

Paul commented: "This was a great opportunity for me to join a dynamic business, which is continuing to display positive signs of expansion and development. I look forward to supporting the team as we look to implement strategic growth plans over the course of the next few years."

James Rudolf, Managing Director of Target Group, said: "I am delighted that Paul has joined the Group as we continue to realise our growth plans.  With responsibility for software development, project delivery and IT across the group, Paul's extensive experience and track record will help to enhance our client experience and continue to drive new solutions to our markets."

Target Group now employs 440 people across the UK, Australia and New Zealand.

Commenting on this new contract win, James Snow, CEO at Target said:

"We're delighted that Link Loans has chosen us as it's outsourcer of choice. Link Loans' new product will make them an important player in the supplier-introduced unsecured loan market. As a lender with ambitious growth plans, we look forward to supporting Link Loans' multi-product expansion."

Target specialises in lending software, and business process outsourcing for lenders and savings and investment portfolio owners.  It is rated by Standard & Poor's for primary residential mortgage servicing and primary consumer finance servicing in the UK.

James Snow, CEO of Target Group commented:

"To be recognised as one of Britain's fastest-growing international sales stars by one of the industry's most prestigious league tables is a great reward for our business and the teams that support it.  We have worked incredibly hard over the past year to secure our position as a leading service and software provider, not only on the domestic, but the global stage.  A commitment that we will continue to focus on throughout 2011 and beyond."

* The Sunday Times HSBC International Track 100 is compiled by Fast Track and published each year in The Sunday Times with the awards taking place each November.  It ranks the top 100 private companies on their compound annual growth rate in international sales over two years.  To qualify, total sales had to be at least £5m and international sales at least £1m in the latest financial year.

The new Plan Manager and Third Party Administrator are in place for all current products except the Diverse Deposit - April 2011 which was launched prior to the changes coming into force.

Adrian Neave, Managing Director of Gilliat Financial Solutions, said "Arbuthnot Latham prides itself on being the inclusive private bank and excelling in the service it provides for its clients.  We want to ensure that all of those who deal with Gilliat receive the same exceptional service and bringing Plan Management in-house strengthens our ability to deliver this.

Target Group has a strong reputation within the industry and share our own very high standards and we believe that this relationship will complement our offering" he added.

James Snow, Chief Executive Officer at Target Group, commented "We are delighted Gilliat have chosen Target to provide their product administration, and investor services, they are a welcome new client to Target.  The Retail deposit market including structured products is becoming increasingly important for Target. We look forward to delivering a great service for Gilliat and their valued clients."

Commenting on her appointment, Sian McDermott said "What attracted me to the role at Target was the company's pioneering and dynamic approach to business.  We have significant growth plans and I'm looking forward to helping achieve these through the team's continued provision of excellent financial servicing."

David Heath, Group Finance Director commented "We are delighted to welcome Sian into our team.  Sian's leadership skills together with her considerable financial services expertise will be a great asset in helping our business deliver even greater value and efficiencies for our customers."

Target Group has experienced a significant increase in annual turnover, with revenues rising from £11.1 million in 2006 to over £26 million in 2010. Target now employs 450 people across the UK, Australia and New Zealand. Target has an established list of blue-chip clients which include 25% of the world's top 20 banks.

James Snow, Chief Executive Officer commented "We are delighted to have Dominic on board.  His extensive financial services industry knowledge and experience will be an asset to our team and to our clients."

Target Group has experienced a significant increase in annual turnover, with revenues rising from £11.1 million in 2006 to over £26 million in 2010. Target now employs 450 people across the UK, Australia and New Zealand. Target has an established list of blue-chip clients which include 25% of the world's top 20 banks.