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Williamson Motors Limited

Current Status: No longer authorised

Reference Number: 307714

Website: www.williamsonmotors.co.uk

Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfWcgAAF


Chesnut Street
County Durham
D L 1 1 S E


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A firm with the status "No longer authorised" may have had its authorisation removed for a variety of reasons. This could include a voluntary cancellation due to changes in the firm's business model, ceasing operations, or merging with another firm; failing to meet ongoing regulatory requirements such as capital adequacy, risk management, or governance standards; non-compliance with FCA rules and regulations; enforcement action taken against the firm for misconduct; failure to pay required fees; or inactivity. To find out more about a firm's authorisation status and the reasons for any changes, it's important to check the FCA register or contact the FCA directly.

Such measures can help firms identify and address potential issues before they become serious, costly, or reputational risks.

The UK financial services industry has seen numerous cases of financial mis-selling in the past, with Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension products all being affected. As a result, billions of pounds have been paid out in compensations to affected consumers and businesses. In response, the Financial Conduct Authority (FCA) has taken steps to increase regulatory oversight and introduce new regulations to improve disclosure and transparency. However, the risk of mis-selling remains an ongoing issue and requires ongoing vigilance from both regulators and the industry.

If you believe you have been mis-sold a financial product or service, you may be eligible to claim compensation. The process typically involves contacting the firm that sold the product or service and filing a formal complaint, escalating the issue to the Financial Ombudsman Service if necessary, and filing a claim with the Financial Services Compensation Scheme if the firm is no longer in business. To ensure the best chances of success, act promptly and consider seeking independent financial or legal advice.

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