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Are HFO and Roxburghe on the way back??


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The Financial Conduct Authority (FCA) has reached an agreement with debt purchasing and debt collection firms HFO Services Limited, Roxburghe (UK) Limited, HFO Capital Limited and their solicitor (“the Appellants”) to bring proceedings in the First-tier Tribunal (Consumer Credit) General Regulatory Chamber to an end.

 

http://www.fca.org.uk/news/statements/agreement-hfo-services-limited-roxburghe-uk-limited-hfo-capital-limited

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I hope that IF they do apply for a new licence, they will be turned down

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On any future application, the issue of fitness and propriety would need to be determined. This outcome does not prevent reference being made to the underlying facts which were gathered in the course of the OFT investigation should any party apply to the FCA for authorisation in the future.

 

 

 

I am reading the announcement that should they apply for licences again, then reference will be made to those facts gathered during the OFT Investigations. So bringing proceedings to an end now, just saves time and money for the FCA and doesn't help HFO and Roxburghe at all.

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I am reading the announcement that should they apply for licences again, then reference will be made to those facts gathered during the OFT Investigations. So bringing proceedings to an end now, just saves time and money for the FCA and doesn't help HFO and Roxburghe at all.

 

 

Thank God for that!

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I read it as the case against them has been dropped. If they wish to reapply for a credit licence then all their sins of the past will be raked up and used against them.

That is how I see it, they would be best not bothering,

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