NextGear Capital accepted for FLA Membership
The FLA is the leading trade association for the motor finance sector in the UK and the largest organisation of its kind in Europe.
David Mercer, Managing Director of NextGear Capital said "It's a real privilege for NextGear Capital to be accepted as a member of the FLA at such an early stage in the company's development. Initial response from the industry has been extremely positive and signing up to follow the FLA's Business Finance Code backs up our intention to be a fair and responsible service provider."
FLA members include banks, subsidiaries of banks and building societies, the finance sections of leading retailers and manufacturing companies, plus a range of independent firms. During 2013, FLA members provided £27.5 billion of new finance to help households and businesses purchase cars.
NextGear Capital joins the FLA as a member of the Motor Finance Division.