Our 90% Success Rate
“We boast an unwavering track record of securing FCA authorisation for firms, ensuring their success in the application process”
Our firm boasts a remarkable 90% success rate in helping firms obtain authorisation. This achievement is a result of our in-depth understanding of the requirements set by the FCA during the assessment period.
When comparing the outcomes of utilising our services as a compliance firm versus applying without one, the success rate drops significantly to 35%. The implementation of the New Consumer Duty has adversely affected the approval rate of applications.
By entrusting us with your application, you join the ranks of many satisfied clients, and we are confident in guaranteeing your authorisation.
Case Studies
Martin from Mr. Smile Dental approached us seeking assistance with offering finance options for his products. While Martin was already selling his products through card and cash payments, he believed that providing the option for customers to pay via finance would significantly enhance his business growth.
Previously, Martin had applied to the FCA but was refused due to his failure to provide documentation that met the regulator's threshold conditions. The issue stemmed from Martin's assumption that his existing retail policies would suffice for the application. Unfortunately, this was not the case, and his application was ultimately withdrawn, resulting in the loss of his application fee.
Determined not to repeat the same mistake, Martin sought our help. Working closely with him, we developed comprehensive and tailored policies specifically for his dental business.
We diligently submitted these policies to the FCA for assessment, and much to Martin's delight, he was granted authorisation.
As a result, Martin can now offer his customers the convenience of paying through finance, further expanding his business opportunities and enhancing customer satisfaction.
Keith from Motor Trade Online approached us after submitting an application for secondary credit brokering. His business model involved selling cars on finance. While Keith had extensive experience in the motor trade industry, his knowledge of the financial sector was limited. Unfortunately, Keith mistakenly believed that the FCA authorisation process would be straightforward.
What he failed to realise was the level of detail now required. Keith was caught off guard by the follow-up questions posed by the case officer. Soon after his application, the FCA sent him a letter expressing concerns about the contents of his policies.
Keith reached out to us, and upon reviewing his policies, it became apparent that significant gaps existed in almost all of them, including the complaints and vulnerable customer policies.
We immediately began working on Keith's policies and resubmitted them to the case officer for review. Following some additional questions, we supported Keith with our Compliance advisory service, ultimately leading to his authorisation.
Keith expressed his gratitude for our seamless service.
