Court clears Roxburghe of business malpractice.

[armadillo71]

Apart from the title...

 

 

This is a good thing isn't it?

 

 

 

 

An Office of Fair Trading (OFT) decision that declared debt collection agency Roxburghe (UK) “unfit” has been quashed by a First-tier Tribunal following an appeal. After the OFT’s decision last year, Roxburghe (UK) went into administration. The firm had lost its Consumer Credit Licence (CCL) along with sister company debt purchaser HFO Capital and associated debt collection agency HFO Services. All were declared “unfit” by the Office of Fair Trading (OFT).

 

 

https://www.transportxtra.com/publications/parking-review/news/47214/court-clears-roxburghe-of-business-malpractice

 

 

 

 

None of the Appellants are now FCA authorised to conduct any regulated activity. Consequently, HFO Services and HFO Capital can no longer hold any regulated consumer credit debt and therefore any consumer credit debt still held by HFO Services and HFO Capital has been written off or otherwise disposed of.

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.

 

 

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

 

 

Gary Osner

 

Email: [email protected]

Phone Number:

Position: Parking on Private Land Operator representative

Group: Parking on Private Land

Location: Surrey

Parking on Private Land Operator Representative

Chair of BPA Standards Panel

http://www.britishparking.co.uk/Council-of-Representatives

 

[silverfox1961]

As I understood the ruling at the time, the quashing of the OFT findings meant that although the companies involved have gone, this does not stop the directors applying for a new licence to operate however, it would be for the FCA to determine whether they should have a licence.

 

In my opinion, if any of the directors of HFO or Roxburghe re applied, I would think they would have an uphill struggle based on the evidence the FCA have and our own threads where people have suffered at their hands.

[citizenB]

 

None of the Appellants are now FCA authorised to conduct any regulated activity. Consequently, HFO Services and HFO Capital can no longer hold any regulated consumer credit debt and therefore any consumer credit debt still held by HFO Services and HFO Capital has been written off or otherwise disposed of

 

 

Did we hear from anyone who had debt with these companies having it written off ?