Vehicle recoveries firm Wright Recoveries has received Financial Conduct Authority (FCA) approval of its early application for full authorisation.
The company, which applied for full FCA permission in June 2014, was granted authorisation after a series of assessments.
Go deeper with GlobalData
Managing director of Wrights Recoveries, Joanne Wright, said: "The decision to grant full permissions follows months of rigorous and stringent assessment by the FCA."
"We now look forward to developing new relationships in 2015 with companies who wish to work with a fully FCA approved business".
Wrights, formed in 2004, offers a national and European asset recovery service for vehicle repossessions, with a client list including Lloyds Banking Group, Mercedes Benz Financial Services and Banque PSA.
Collections agencies have been relatively quick out of the block in gaining full FCA approval. In October, for example, Burlington Group was authorised as a principal by the new regulator.
http://www.motorfinanceonline.com/news/burlington-becomes-first-collections-principal-4396815/
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
