These terms govern your use of the CreditLicence website and the consumer credit licence application service we provide. Please read them carefully. By placing an order with us, you agree to these terms.
CreditLicence is a trading name of Regetus Ltd, a company registered in England & Wales (Company No. 17484244) with its registered office at 128 City Road, London EC1V 2NX. Our principal place of business is 12 Hay Hill, Mayfair, London W1J 8NR. In these terms, "we", "us" and "our" refer to Regetus Ltd trading as CreditLicence, and "you" and "your" refer to the customer purchasing our service.
We prepare a pack of documents to support an application for FCA consumer credit authorisation, typically a limited permission application. Our service includes preparing documents such as a regulatory business plan, compliance policies, a compliance monitoring programme, financial forecasts based on the information you provide, and submission of your application to the FCA through the Connect portal on your behalf.
The decision to grant or refuse FCA authorisation rests entirely with the FCA. We cannot and do not guarantee that your application will be approved, nor any particular timescale for the FCA's decision. Our role is to help you prepare a complete and well-evidenced application. The FCA's own application fee is non-refundable by the FCA regardless of the outcome.
By placing an order, you confirm that you are at least 18 years old, that you are acting on behalf of a business, and that you have the authority to enter into this contract on behalf of that business.
When you place an order and complete payment, we will confirm acceptance of your order by email. A binding contract between you and us is formed at the point we send that confirmation.
Our fee of £995 is payable in two instalments: a deposit of £495 when you start, and a balance of £500 when your completed application pack is ready for delivery. Your deposit is fully refundable at any time before we deliver your pack. The balance is payable before the pack is released to you. The FCA's £560 application fee is separate from our fee. We collect it with your final payment and pay it to the FCA on your firm's behalf, as your agent, when we submit your application — it appears on your invoice as an itemised disbursement. We are not currently registered for VAT, so no VAT is charged on our fee. The FCA's fee is non-refundable once your application has been submitted. If your questionnaire or application file includes a disclosure (for example past adverse history), we review it before beginning work; if we conclude we cannot act, your deposit is refunded in full.
Our service includes preparing your application, submitting it to the FCA on your behalf through the FCA's Connect system, and handling correspondence with the FCA relating to your application until the FCA reaches a decision. You remain responsible for the accuracy of the information you provide to us, for reviewing and signing the FCA's declarations, and for the FCA's application fee.
The quality and accuracy of the documents we prepare depend on the information you give us. You agree to:
We are not responsible for delays, errors or an unsuccessful application that result from inaccurate, incomplete or late information provided by you.
We aim to deliver your completed document pack within three business days. That period runs from our confirmation to you that your application with us is complete — that is, from the point at which we hold your deposit, your fully completed questionnaire and any further information we have asked for, and have confirmed to you that nothing further is outstanding.
We will tell you promptly if anything is missing, so that you know what is holding your application and when the three business days begin. The period does not start until we have given that confirmation, and it depends on you providing the information we need.
Our service includes reasonable support to help you respond to follow-up questions from the FCA relating to the application pack we prepared. This does not include preparing a separate or substantially different application, nor work relating to a change in your business after delivery, which may be subject to an additional fee agreed with you.
Our service covers the preparation and submission of your FCA application. Once your firm is authorised, it is responsible for its own ongoing regulatory obligations. These include annual fees and levies payable directly to the FCA — currently around £1,170 a year for a limited-permission consumer credit firm, charged pro rata in your first year — annual regulatory returns submitted through the FCA's RegData system, an annual confirmation of your firm details, and notifying the FCA of changes such as your trading address, directors or the individual holding the SMF29 function. Fee figures are set by the FCA each year and are outside our control.
Our post-authorisation services — Post authorisation — are available to authorised firms under separate terms at creditlicence.com/support-terms. Nothing in these terms obliges us to provide them. Nothing we provide is regulated advice.
We want our refund position to be clear and fair. Because the documents we produce are prepared specifically for your business, the following applies.
Until your pack is delivered. Your deposit is fully refundable at any point before we deliver your completed application pack to you — whether you change your mind or we conclude that limited permission is not the right route for your firm. To cancel, email us at info@creditlicence.com.
Once your pack is delivered. When we send you your completed pack, the work is finished, bespoke to your firm and cannot be resold to anyone else. From that point the fee is non-refundable.
Your statutory rights as a consumer. If you are buying as a consumer (rather than for the purposes of a business) and you have a legal right to cancel, nothing in this clause removes that right. Where you have a statutory right to cancel and we have not yet started work, you are entitled to a full refund. Where you have asked us to begin during your cancellation period and we have done so, you may be required to pay for the work carried out up to the point you cancel. Most of our customers buy for business purposes, so these consumer cancellation rights will not usually apply — but where they do, they take precedence over this clause.
If something is wrong. If you believe there is a problem with the documents we have prepared, contact us and we will put it right. This does not affect any legal rights you may have if our service is not carried out with reasonable care and skill.
None of the above affects the separate FCA application fee, which we pay to the FCA on your behalf and which the FCA does not refund if your application is withdrawn or refused, and it does not change the fact that we cannot guarantee the outcome of your application (see section 3).
On full payment, we grant you a licence to use the documents we prepare for the purpose of your own FCA application and your business's ongoing compliance. The underlying templates, formats and know-how we use remain our property. You may not resell, redistribute or commercially exploit our documents or templates.
Nothing in these terms limits liability that cannot be limited by law, including liability for death or personal injury caused by negligence, or for fraud.
Subject to that, our total liability to you arising out of or in connection with our service, whether in contract, tort (including negligence) or otherwise, is limited to the amount you paid us for the service. We are not liable for loss of profit, loss of business, loss of opportunity, or any indirect or consequential loss. In particular, we are not liable for the FCA's decision on your application or for the FCA's non-refundable fee.
We treat the information you provide as confidential and use it only to provide our service and as set out in our Privacy Policy.
We may update these terms from time to time. The terms that apply to your order are those in force at the time you place it. The "last updated" date at the top of this page shows when these terms were last revised.
These terms and any dispute arising from them are governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction.
If you have any questions about these terms, please contact us at info@creditlicence.com.
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