Member Article

One year in Yorkshire credit startup embarks on major recruitment drive

A major surge in business at a Yorkshire startup has sparked a recruitment drive for Consumer Credit Compliance (CCC)

The firm has already taken on five members of staff to help cope with a rising demand for its services, helping firms apply for new licences to offer customers credit.

Following the Financial Conduct Authority taking over credit licensing last April from the Office of Fair Trading, it is now working on behalf of more than 250 firms nationwide requiring a new “permission”.

Failure to submit an application within a pre-determined timescale will result in companies being unable to offer any form of credit to customers.

Started by compliance expert Ian Beardmore and business partner David Petty, CCC’s clients include car dealerships, cosmetic surgery clinics and credit brokers.

And, with ten-of-thousands of companies requiring an FCA permission, the pair are predicting the workforce will expand further over the coming months

Mr Beardmore said: “Over the last year we have built up a business offering a specialism, and a specialism required by a thousands upon thousands of companies up and down the country.

“Applying for a new permission is not a two minute job. The submission process is complicated and time consuming, with some taking up to two months to finalise.

“Even though we have a 100% success record, there is no guarantee the FCA will then grant that permission.

“With more and more businesses seeking us out, David and I took the decision that we needed to build a team.”

This was posted in Bdaily's Members' News section by Clare Burnett .