Modern Slavery Statement
Introduction
We are committed to ensuring that our staff are not subject to behaviour or threats that may amount to modern slavery, human trafficking, forced labour, and or similar human rights abuses. We are also committed to ensuring our approach to tackling modern slavery in our own business and throughout our supply chains is consistent with our disclosure obligations under the Modern Slavery Act 2015. This Statement sets out our commitment to prevent slavery and human trafficking in our business activities and the steps that we have put in place to ensure that there is no slavery or human trafficking in our own business and supply chains. We all have a duty and responsibility to be alert to risks, however small. Staff are expected to report their concerns and management to act upon them.
Organisational structure and supply chains
Our primary business activity is that of a Credit Broker operating in the corporate and consumer marketplaces. We work with a select panel of finance providers who provide funding options for vehicles that we source through our network of dealerships. We are not a funder nor a lender. We also work with carefully selected partners to offer ancillary products including maintenance packages, fleet solutions, short term vehicle hire and asset finance. The Company operates solely in the United Kingdom.
Our Process for Managing Risk
To assess the risk of modern slavery, we use the following processes:
Identify and assess potential risk areas when considering taking on new suppliers and regularly review our existing supply chains
Review the potential for risk at regular intervals, including the possibility of reauditing a supplier or conducting spot checks
Protect whistle-blowers After consideration, we have not identified any significant risks of modern slavery, forced labour, or human trafficking in our supply chain.
However, we continue to be alert to the potential for problems.
Responsibility for the Company’s anti-slavery initiatives is as follows:
Policies: The Company’s Managing Director is responsible for creating and reviewing policies. The process by which policies are developed is reviewing legislation, looking at best practice and adapting to the company’s needs. Policies are reviewed on an annual basis or sooner as required
Risk assessments: The Company’s Managing Director is responsible for risk assessments in respect of human rights and modern slavery by a process of reviewing our recruitment processes and salaries and evaluating our suppliers
Due diligence: The Company’s Managing Director is responsible for due diligence in relation to known or suspected instances of modern slavery and human trafficking
Training
To maintain awareness and ensure a high level of understanding of the risks of modern slavery and human trafficking in our business, we provide training within our induction programme for all new colleagues and operate an annual training programme for all colleagues. The Company is committed to ensuring that there is no modern slavery or human trafficking in our business or our supply chains. This Statement affirms its intention to act ethically in our business relationships. We encourage our colleagues, customers, and other business partners to report any concerns related to its direct activities or its supply chains. We manage our environmental impacts and how we work responsibly with suppliers and our local communities.
Due Diligence Processes for Slavery and Human Trafficking
The Company undertakes due diligence when considering taking on new suppliers, and regularly reviews its existing suppliers. The Company’s due diligence process includes building long-standing relationships with suppliers and making clear our expectations of business partners, evaluating the modern slavery and human trafficking risks of each new supplier, and invoking sanctions against suppliers that fail to improve their performance in line with an action plan provided by us, including the termination of the business relationship. Performance indicators The Company uses the following key performance indicators (KPIs) to measure how effective we are in ensuring slavery and human trafficking is not taking place in any part of our business or supply chains including requiring all staff to have completed training on modern slavery on an annual basis.
Review of this Statement
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Slavery and Human Trafficking Statement. It has been approved by the Director, who will review and update it annually.