EN#0373 – UK Credit Broker, operational, regulated by FCA, for Sale
An opportunity to acquire a long-established UK limited company authorized by the Financial Conduct Authority (FCA) as a Principal Firm. The company has approximately 15 years of corporate history and has held FCA authorization since February 2016.
Historically, the company operated as a vehicle finance brokerage, introducing customers to consumer finance providers. Following a change in business direction, regulated consumer credit activity is now very limited, with the business focusing primarily on non-regulated business lending. The value of the opportunity lies primarily in the company’s existing FCA authorization, established corporate history, banking arrangements, and maintained compliance framework.
Key Highlights
- Regulatory Status: FCA authorized Principal Firm since February 2016, providing an established regulated platform in the UK.
- Licensed Activities: The company holds FCA permissions for:
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- Credit Broking
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- Debt Adjusting with limitations
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- Debt Counselling with limitations
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- Agreeing to carry on a regulated activity
- Principal Firm Experience: Historic experience operating as an FCA Principal Firm, including oversight of Appointed Representatives (ARs) and Introducer Appointed Representatives (IARs).
- Operational Banking: The company maintains a long-established operational business bank account with Lloyds Bank and does not operate client money accounts.
- Compliance Framework: Appropriate compliance, AML/KYC, and risk management policies and procedures are in place and have been maintained throughout the company’s FCA authorization period.
- Regulatory Standing: No known unresolved regulatory issues and no known exposure to discretionary commission motor finance liabilities.
This UK FCA regulated credit broker represents an attractive acquisition opportunity for buyers seeking an established regulated platform with existing permissions, corporate history, operational banking, and a maintained compliance framework.
Any prospective purchaser will be subject to FCA Change in Control approval requirements, including applicable fit and proper and financial resource assessments.
For further information on the sale of this South African Category I Financial Services Provider, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale service.
SALVUS Funds’ teams can be engaged for guiding on new license authorizations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities.
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