What's my turnover?

somethingcorporate

I think you need a credit license too, to lend money (although this may be just to lend money to the general public).

What has your research into this model told you about this aspect of what you are doing?

What you are doing sounds highly, highly risky by the way - and given you have been doing it for 3 years you appear to be asking the questions about 3 years and 3 months too late.

xfish

colino wrote: »

Your having a laugh. "Lending" The list will start with illegal moneylending, tax evasion and throw in shadow directing too.

I think you forgot about participation in an organized criminal group

James1968 wrote: »

Sounds very dodgy to me. If I ran a garage and started buying cars to sell-on, I would not want to give any money away in commision as that would eat into my profits.

That's why you don't run such a garage. Read about stocking loans. Roughly 80% of used cars garages have it. Do you really think that every garage stocking more than 50 cars is run by a millionaire who has spare 0.5 million £ to invest?
Some people think you have to earn money before start a business others have ideas but not enough money - they run businesses using borrowed money. Honestly can't tell you which approach is better.

When I wrote I lend more than £50k/month - I meant it's always around £50k-£60k of my money in cars. I don't lend additional £50k every month. But that's irrelevant.

somethingcorporate wrote: »

I think you need a credit license too, to lend money (although this may be just to lend money to the general public).

What has your research into this model told you about this aspect of what you are doing?

You don't need a credit licence if you only deal with limited companies (which I do)

Thank you for all the advices.