I would like advice in the legality of invoice factoring, in

Hello and thank you for your question. My name is ***** ***** I will be very pleased to assist you. I'm a practising lawyer in England with over 15 years’ experience. Please be aware that although I will endeavour to reply to you promptly, I am also in full time private practice and so I may not be available to respond immediately and it may also take me a few minutes to prepare a reply. The site will notify you as soon as I respond. I look forward to working with you to answer your question fully.

May I confirm if the individual or business is licensed by the financial conduct authority please?

the investment may not need to be authorised but the factoring work would typically need authorisation. I suppose my query would be how they are carrying out a factoring business without authority from the financial conduct authority. Have you raised this query with them to date?

thank you. This type of business would not appear to require an FCA licence. the business may choose to be a member and regulated by UK Finance which is a form of self regulated trade body but it is not a legal requirement:

https://www.ukfinance.org.uk/

in terms of your investment, the main issue for you is one of risk in terms of your investment. Accordingly, you may wish to consider what security if any the businesses offering in respect of your investment. If it is simply being invested with the company with no security, then the investment would be a very risky investment as it would be entirely dependent upon the success of the business and in particular, the business continuing to trade.

You may wish to consider whether a personal guarantee from one or more of the directors would be appropriate and whether any security against any specific assets or property would be appropriate to request

according to the councils website, a dispute can be raised using the following link:

https://myforms.luton.gov.uk/service/Make_a_complaint__comment_or_compliment?noLoginPrompt=1

I'm glad the above answers all your questions for now. My apologies for the last post above which was posted to the wrong thread and please disregard this. If you have any follow up questions please revert to me.

this will depend upon the terms of the investment agreement. It is possible that it could either be between the factoring company and you or between a third party and you.

If the factoring company is specified as the borrower then presumably the agreement is as between you and the factoring company but I would not be able to say this with any certainty without sight of the document

I hope the above is of some assistance but if you have any further questions, please revert to me.