Leaderboard

Afternoon all, the internet is awash with talk about how we need to change and adapt to an ever changing market place that we all operate in. Well now the time for talking is over and for all of us who are dedicated to honest and transparent processes within our sector, to have one place where we can collectively have our voice heard, your own page dedicated to your business and what makes you special. It won't cost you a penny to join but you will be standing shoulder to shoulder with other like minded businesses to help make change happen. We will also be engaging with consumers seeking their input on what our industry is doing wrong and how we can make the whole car buying, selling, servicing experience better for all. This has been started by a Group of Professional Motor Dealers but any reputable business from any sector in the motor trade is welcome to join. We don't know where this will end but every good thing has to start somewhere. All you have to do to find out more is google WBAC which stands for We Bring About Change. We look forward to you getting involved.

Excellent Jim, I'd got the rest, I spoke to the FCA last week and they also mentioned on section 6 it could also be an inclusive/exclusive VAT on the commission, so if you received £100 inclusive of VAT in section 1 it would be £100 but in section 6 it would be £80 - that was the impression i got from her. Its funny how they don't want to know how much you have put on finance only the number of cases, the commission and the turnover.

Hope this helps CCR007 – Key data for credit firms with limited permission 1 Revenue from Credit regulated activities = this is the total commission inc any volume bonus for the period between when you were first registered and the date given for the report (only thing I was not 100% sure was if you removed the amounts that were debited back for what ever reason, I left these in , just to make sure I was not under reporting) 2. Total revenue (including a from activities other than credit related activities) = quite simply your total turnover from your management accounts 3 Number of transactions involving credit-related regulated activities in reporting period = total number of proposals within the reporting period however you have to include those that were declined and or didn't go ahead 4. Number of Complaints = this should be easy to work out and hopefully NIL 5. Credit - related regulated activity which generated the highest turnover in reporting period = use drop down box SECONDARY CREDIT BROKING 6. Total annual income as defined in FEES 4Annex 11BR for the pupose of FCA fees reporting = this would normally be the same as question one however if this is your first report it may well not be a total of 12 months, so this would be for the total of 12months so if its your first report then should be higher value than question 1 This IS MY understanding of the reporting however this is substantiated by two rather lengthy calls with the FCA, who were very helpful. https://www.handbook.fca.org.uk/form/sup/sup16_annex38B_20151231.pdf best of luck, Jim

Everyone thanks for the advice believe me I aperciate it massively I am acting on it not just words actions. sorting out my new website as we speak Iv told blue sky is they don't get there act together and sort it I'm moving to g forces. regarding the spelling mistakes I have got dyslexic like genuinely no bullshit there so my new website I just outed the content. apart from the website what does everybody else think of the stock priceing etc. i do aperciate your help and I don't get offended by the truth. Just for the record Rory I am trying. kind regards dan

Thank you TD, I appreciate your information. Ive taken on a third guy who will start shortly.

This is what concerns me Umesh. But how far do you need to go here, You could ask for proof of insurance or trade plates or Vat number but at the end of the day if someone agrees to your T&Cs and signs a receipt which clearly states TRADE SALE INVOICE and asks for a BUSINESS name and address then surely that is enough. Its bad enough when the retail customers come back but when the traders come back its a piss take. I have never complained about any car i have bought either online or from auction, yes its a pain when you get a lemon but you just take it on the chin, part of the game.