OFT suspends credit licence of Worcestershire-based motor dealer

23 July 2013 at 15:12

The OFT has suspended the consumer credit licence of Andrew James, a Worcestershire-based motor dealer trading as Apex Car Finance.

The OFT took this step after concluding that suspending the licence is urgently necessary to protect consumers. The suspension means it is now a criminal offence for Andrew James, or any other person, for example an employee or agent, to engage in any credit broking activity using his licence.

This press notice has been issued to inform consumers and other consumer credit businesses.

Andrew James has been invited to make representations to the OFT. The OFT's Adjudicator will take into account the representations and decide whether to confirm the suspension, amend it or withdraw it.


  1. The OFT is unable at this stage to discuss the detailed reasons for its decision to suspend Andrew James' licence. The suspension came into effect on Monday 22 July 2013.
  2. An amendment to the Consumer Credit Act 1974 came into effect on 19 February 2013 and gave the OFT the power to suspend a consumer credit licence where it appears urgently necessary to do so for the protection of consumers.
  3. The OFT published guidance in February 2013 setting out how and when it can use the new power to suspend a credit licence. The guidance establishes that in the most serious cases, which include those where there is evidence of immediate harm, the OFT will suspend a licence with immediate effect. In other circumstances, businesses will be given an opportunity to make a case to an adjudicator before the suspension takes effect.
  4. The suspension ends at the end of the period of 12 months beginning with the date the notice comes into effect, unless the OFT subsequently gives notice that it is minded to revoke the licence. If such a notice is given, the suspension will continue until the time of any determination by the OFT not to withdraw the licence, or the end of the appeal period.

Compliancy Services Ltd
  • Select House
  • 69 Hermitage Road
  • Hitchin
  • Herts SG5 1DB

  • Tel: 01462 429737

    Calls may be recorded
    for training purposes.

    Registered in the UK
  • Company No. 04954156