AM Online

OFT revokes two more consumer credit licences

The Office of Fair Trading has revoked the consumer credit licence held by a Shropshire motor retailer after he was convicted of crimes related to handling stolen goods.

Michael Tidmarsh, of New Inn Garage at Trench, near Telford, was stripped of his licence last week by OFT adjudicators. The move followed his conviction in March of conspiracy to handle stolen goods and conspiracy to obtain pecuniary advantage by deception.

Tidmarsh’s revocation comes just days after another car dealer’s application for a consumer credit licence was refused, again on the ground of criminal convictions.

The OFT says Embassy Enterprises Ltd at Tyneside Autopark, Gosforth was refused on the basis that an associate of the business had convictions for unlawful wounding, possession of a class B drug and affray.

The firm had failed to mention the associate’s drugs conviction on its application, in breach of the Consumer Credit Act.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.