TFS Loans Limited
Reference number: 724439
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Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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No phone number on the FCA register
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Verified address
Fourth Floor Euston House 24 Eversholt Street, London, NW1 1DB, United Kingdom
Also trades as 16 other names
- Click-loans.co.uk
- Consollo
- Guarantorloans.co
- needsome.money
- TFS Commercials
- TFS Finance
- TFS Financial Services
- tfsloans.co.uk
- TFS Money
- tfsmoney.co.uk
- TFS The Loan People
- TFS Training Loans
- The Finance Store
- thefinancestore.co.uk
- The Loan People
- www.tfstraining.co.uk
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company number
- 06542065
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 25 March 2008 (18 years old)
- Registered office
- Opus Restructuring Llp 1 Radian Court, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8PJ
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Paul James Auger | Director | Dec 1963 | 14 Aug 2009 |
| Ranjit Singh Narwal | Director | Feb 1962 | 1 Jul 2010 |
| Howard Peter Snell | Director | Mar 1955 | 1 Mar 2011 |
| Martin Graham | Director | Nov 1962 | 1 Oct 2012 |
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
The FCA warning these came from
- Loan for Tenant 19 October 2018
Scammers change these details often. Always check the live FCA warning.
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (6 permissions)
- Administering a regulated mortgage contract
- Arranging (bringing about) regulated mortgage contracts
- Credit Broking
- Entering into a regulated mortgage contract as lender
- Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
- Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
Limits on the record
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Not permitted to canvass off trade premises
The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises
Track record
Action taken against them
1 fine in 2022, £811,900 in total. This is part of the official register record and is worth reviewing before going ahead.
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Fined £811,900 on 10 June 2022
“On 10 June 2022, the FCA imposed a financial penalty on TFS Loans Limited. The reason for this action is because TFS Loans Limited breaches Principles 6 and 3 and CONC 5.2.5R, 5.3.2R and 7.3R between 2 November 2015 and 10 April 2018 by failing to consider sufficient information to enable it to carry out effective creditworthiness assessments of individuals acting as guarantors of loans which it issued, and by overcharging customers in arrears an ‘arrears management fee’ in contravention of its own policies. As a consequence of this action, the FCA imposed a penalty of £811,900. TFS has agreed to a requirement under section 55 of the Act to conduct an appropriate redress programme to ensure that customers affected by its failure to carry out effective creditworthiness assessments of guarantors are not disadvantaged. TFS has already provided redress to customers who were overcharged the arrears management fee. The FCA’s action took effect on 10 June 2022 and a copy of the Final Notice is displayed on the FCA's web site.
Names it no longer trades under
This firm has retired 3 trading names. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.
Show the retired names
- Suco Car Loans
- Suco Guarantor Loans
- www.suco.co.uk
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