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Fca Regulated Lender In City Of London For Sale

City of London, London
Asking Price:
£135,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

FCA regulated lender for sale (full-permission lending). Business has no customer lending/debt run-off, nor any warrants/charges etc.

The business is authorised by the FCA to undertake unsecured lending to consumers. Consumer lending is regulated by the FCA, who enforce the Consumer Credit Act 1974 legislation.

The above regulatory authorisation will enable the business owner to legally operate a range of business models related to consumer credit lending/finance. Please note, current permissions/authorisation held by the business do not cover high-cost ‘payday lending’, bridging loans, or mortgages.

The business is 100%-owned by a holding company to allow straightforward share sale.

The business also has a UK bank account which will be zeroed.

Property information

Location:

Online business supported by office-based team in Moorgate, London.

Premises Details:

Offices.

Business Operation

Expansion Potential:

Dependent on buyer intent.

Competition / Market:

Various - ability to operate across a range of credit lending business models.

Reasons for selling:

Will be disclosed to interested parties.

Trading hours:

24/7

Employees:
3
Years established:
1

Other Information

Support & training:

Director is adept in consumer finance and has undertaken the process of obtain regulatory licences and authorisation for two businesses.

Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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