We are a company led by individuals who truly know the industry with a leading industry reputation.
The clients we’ve worked with, and continue to work with, span many different market sectors including retail, consumer finance, motor finance, asset finance and leasing.
Our Industries
Consumer
The team are retained to work in a variety of ways to include supporting client’s on-site with various projects to help deliver on its business strategies, support rectifications and/or build operational platforms to ensure they are in line with the Regulator’s findings/regulatory requirements and market sector standards. In addition, the team advise on the launch of new finance products and help to deliver on-line solutions.
Asset Finance & Leasing
The team assist in building suitable products for the leasing industry to include the continued development of the finance and operating lease and hire agreements. More recently, we have worked on new products to the market to include pay per use products. Our work includes supporting clients in building strong compliant operations, risk models, systems and controls and corporate governance. We conduct compliance audits, undertake reviews of legal and product documentation to include supporting the build, design and formation of legal contracts. We also carry out a gap analysis on regulatory standards, draft and review policies, and procedure required to satisfy the Regulator. The team also support our clients with its business finance operations and lending to SMEs. We are praised for our support to the industry in our implementation of regulatory requirements proportionately in line with the level of regulated and unregulated lending.
Motor
The team assist its clients in building suitable hire purchase, conditional sale and PCP products as well as more recently subscription models. We work with our clients to build a suitable regulated infrastructure to include conducting regulatory audits and regulatory reviews on client businesses to ensure that they are compliant with the consumer credit act to include meeting appropriate regulatory requirements and market standards focusing on good customer outcomes.
The team also work with motor finance brokers, retailers and dealers either on behalf of the lenders or directly to support them with all the critical regulatory requirements to sell financial products on behalf of its lending panel and to support both the lender and brokers with suitable controls and monitoring and evidence based requirements to include reaching good customer outcomes. Furthermore, on complex contentious cases and non- contentious technical matters, the team provide sound general commercial advice which is practical and pragmatic in approach.
Fintech
The team have been instrumental in launching new Fin-Techs in all three sectors whether that be the build of fully automated online finance platforms or compliance software supporting both lenders and brokers. We have assisted the development of new, innovative web-based and app-based platforms through which consumers and businesses can access fully automated services and financing options. This includes preparing all the legal agreements, compliance reviews, regulatory notices, documentation and advertising materials to ensure a compliant legal and regulatory journey.
Regtech
We have launched and assisted Regtechs such as IT and software providers, with the creation of tools to support lenders and brokers develop suitable software and management tools to meet FCA requirements as well as develop regulatory processes to comply with the ever-evolving regulatory compliance challenges. The use of technology is more important than ever to manage regulatory compliance especially as lenders have a degree of responsibility in managing their dealers and brokers and area which has become a focus for the regulator in this market. We have supported lenders, brokers and dealers alike to build adequate evidencing platforms to facilitate regular monitoring, reporting, and general regulatory compliance and controls to comply with the FCA and legal requirements.
Increasingly, we have been advising firms on a wide range of products that are new to the market; our specialist consumer finance advice means we can build all their legal and regulatory needs – from launch to in-life, including support and advice on the build of online automated finance platforms.
We also advise equity funding houses who have put investment capital into this sector and may need support to ensure that they meet regulatory standards, day-to- day operational standards, as well as ensuring that they met regulatory standards for when they seek to exit.
We advise, actively work with, and/or participate in trade association work such as the British Vehicle Rental and Leasing Association (BVRLA), the Finance and Leasing Association (FLA), the National Association of Commercial Finance Brokers (NACFB), and the Consumer Credit Trade Association (CCTA). We strive to bring together specialists from industry and those in different practices to ensure that the markets that we serve are properly supported. This allows us to be at the forefront of consultations and regulatory reform to offer the most contemporaneous advice to our clients, giving them the tools to prepare early for regulatory change, horizon scan on their behalf and in some instances to get ahead of their competitors.
