Data Protection Policy

Finance 55 Ltd Data Protection Policy

 

Who we are: 

We are Finance 55 Ltd and we can be contacted using the following details: 

Telephone Number: 07771772804

Address: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX 

Email address: mark@finance55.co.uk

Data Protection Officer/ contact: Mark Nixon

ICO Registration Number: 00017973988

 

1. PURPOSE

Finance 55 Ltd is committed to protecting the privacy, confidentiality, integrity and availability of personal data. Finance 55 Ltd recognises that effective data protection is fundamental to maintaining customer trust, delivering good customer outcomes and meeting its legal and regulatory obligations.

Finance 55 Ltd shall process personal data in accordance with UK GDPR, the Data Protection Act 2018, PECR and all applicable FCA requirements.

The purpose of this policy is to establish a framework for the lawful, fair and transparent processing of personal data and to ensure that appropriate organisational and technical measures are implemented to protect personal information.

 

2. REVIEW OF POLICY 

This policy will be reviewed regularly, at least once a year, and amended as considered necessary by our Managing Director in the event of changing circumstances or regulations. 

 

3. RESPONSIBILITIES

3.1 MANAGEMENT 

Our firm's Senior Management Team, made up of our Directors, is responsible for implementing this Data Protection Policy and ensuring it is followed. 

Responsibilities include:

Board of Directors
• Approving the policy
• Receiving regular management information
• Reviewing breaches and emerging risks

 

Mark Nixon is the designated Data Protection lead, if Mark Nixon is unavailable, this responsibility may be taken on by Oliver Leathard.

Responsibilities include: 

• Monitoring compliance
• Maintaining records of processing activities
• Managing data breaches
• Overseeing DPIAs
• Liaising with regulators

3.2 EMPLOYEE 

Employee’s responsibilities include: 
• Following this policy
• Completing mandatory training
• Reporting incidents immediately

4. DATA PROTECTION PRINCIPLES

Finance 55 Ltd shall ensure personal data is:

• Processed lawfully, fairly and transparently
• Collected for specified purposes
• Adequate, relevant and limited to what is necessary
• Accurate and kept up to date
• Retained only as long as necessary
• Protected through appropriate security measures
• Processed in a manner that demonstrates accountability

5.       LAWFUL BASIS FOR PROCESSING 

Finance 55 Ltd relies upon the following lawful bases:

• Contract
• Legal Obligation
• Legitimate Interests
• Consent (where appropriate)

Finance 55 Ltd maintains documented records evidencing the lawful basis relied upon for each processing activity.

6. SPECIAL CATEGORY DATA 

Where Finance 55 Ltd processes information relating to health, vulnerability, ethnicity, religion or other Special Category Data, an Article 9 condition shall be identified and documented.

An Article 9 (Article 9: Substantial Public Interest (for safeguarding vulnerable customers and meeting FCA requirements) and/or Explicit Consent where appropriate) condition refers to the additional legal basis required under the UK GDPR (and GDPR) when processing Special Category Data. 

Processing shall be limited to the minimum amount necessary.

7. PRIVACY NOTICES

Privacy Notices shall be provided at the point personal data is collected.

Notices shall explain:

• Identity of the controller
• Purposes of processing
• Lawful basis
• Data recipients
• Retention periods
• Rights of the individual
• Complaint routes

8. PROCESSING VULNERABILITY INFORMATION

Finance 55 Ltd recognises that customers may have characteristics of vulnerability which impact their ability to make informed decisions or pursue their financial objectives.

Customers shall be provided with opportunities throughout the customer journey to disclose vulnerability information.

Finance 55 Ltd may collect, record, store, use and retain vulnerability information where necessary to:

·        Deliver good customer outcomes.

·        Prevent foreseeable harm.

·        Tailor customer support.

·        Meet Consumer Duty obligations.

·        Monitor customer outcomes.

Vulnerability information may include:

·        Physical health conditions.

·        Mental health conditions.

·        Disability.

·        Bereavement.

·        Caring responsibilities.

·        Financial resilience concerns.

·        Life events.

·        Capability and understanding.

Appropriate safeguards shall be implemented at all times.

9. SHARING VULNERABILITY INFORMATION

Where necessary and lawful, vulnerability information may be shared with:

·        Lenders.

·        Funders.

·        Credit Reference Agencies.

·        Fraud Prevention Agencies.

·        Service providers.

Finance 55 Ltd shall ensure:

·        A lawful basis exists.

·        Sharing is necessary and proportionate.

·        Appropriate safeguards are in place.

·        Sharing is transparent to customers.

10.  CONSUMER DUTY OUTCOME MONITORING

Personal data may be processed to support:

·        Customer outcome monitoring.

·        Customer understanding assessments.

·        Vulnerability monitoring.

·        Complaint trend analysis.

·        Product reviews.

·        Consumer support reviews.

·        Foreseeable harm assessments.

Finance 55 Ltd shall use Management Information (MI) to identify poor outcomes and implement corrective actions.

Outcome monitoring shall be reported to Senior Management and the Board.

11. CREDIT REFERENCE AGENCIES AND FRAUD PREVENTION

Finance 55 Ltd may share personal data with:

·        Credit Reference Agencies.

·        Fraud Prevention Agencies.

·        Identity Verification Providers.

Customers shall be informed through Privacy Notices and customer documentation.

12. AML AND FINANCIAL CRIME PREVENTION

Personal data may be processed to:

·        Verify identity.

·        Conduct sanctions screening.

·        Undertake AML checks.

·        Prevent fraud and financial crime.

13. MARKETING AND PECR (Privacy and Electronic Communications Regulations)

Finance 55 Ltd shall comply with PECR requirements.

Electronic marketing shall only be undertaken where:

·        Valid consent exists; or

·        The soft opt-in exemption applies (The soft opt-in is a limited exemption under the Privacy and Electronic Communications Regulations (PECR) that allows an organisation to send marketing emails or text messages to an individual without obtaining separate consent, providing all conditions met.)

Marketing preferences shall be maintained and respected.

14. INDIVIDUAL RIGHTS

Individuals have the right to:

·        Be informed.

·        Access personal data.

·        Rectify inaccuracies.

·        Erase personal data.

·        Restrict processing.

·        Data portability.

·        Object.

·        Challenge automated decision-making.

15. SUBJECT ACCESS REQUESTS

Requests shall:

·        Be logged.

·        Have identity verified.

·        Be responded to within one month.

·        Be escalated where complex.

A SAR Register shall be maintained.

16. DATA PROTECTION COMPLAINTS

Finance 55 Ltd maintains a dedicated Data Protection Complaints Procedure.

Complaints may relate to:

·        Collection of data.

·        Use of data.

·        Sharing of data.

·        Retention of data.

·        Security of data.

·        Individual rights.

Finance 55 Ltd shall:

·        Acknowledge complaints promptly.

·        Investigate fairly.

·        Maintain a Data Protection Complaints Register.

·        Identify root causes.

·        Implement corrective actions.

·        Inform individuals of their right to complain to the ICO.

17. DATA RETENTION

Finance 55 Ltd shall maintain a documented Retention Schedule.

FCA regulated records shall normally be retained for a minimum of six years unless a longer retention period is required by law, regulation, insurance requirements or ongoing litigation.

18. THIRD-PARTY PROCESSOR GOVERNANCE

Prior to appointing a processor, Finance 55 Ltd shall undertake due diligence covering:

·        Information security.

·        Cyber security.

·        Data protection compliance.

·        Operational resilience.

·        Regulatory standing.

Appropriate contracts shall be in place before personal data is shared.

19. INTERNATIONAL DATA TRANSFERS

Personal data shall only be transferred outside the UK where appropriate safeguards exist.

20. INFORMATION SECURITY

Finance 55 Ltd shall maintain:

·        Multi-factor authentication.

·        Encryption.

·        Access controls.

·        Password standards.

·        Endpoint protection.

·        Backup arrangements.

·        Vulnerability management.

·        Incident monitoring.

21. DATA BREACH MANAGEMENT

All breaches and suspected breaches must be reported immediately.

Finance 55 Ltd shall:

·        Maintain a Breach Register.

·        Investigate incidents.

·        Assess risk.

·        Notify the ICO within 72 hours where required.

·        Consider FCA notification obligations.

·        Implement lessons learned.

Significant incidents shall be reported to the Board.

22. DATA PROTECTION IMPACT ASSESSMENTS (DPIAs)

DPIAs shall be completed before implementing:

·        New CRM systems.

·        AI tools.

·        Vulnerability monitoring systems.

·        Consumer Duty monitoring platforms.

·        Lead generation arrangements.

·        Large-scale profiling activities.

DPIAs shall be approved by the Data Protection Lead.

23. ARTIFICIAL INTELLIGENCE, PROFILING AND AUTOMATED DECISION-MAKING

Where AI is used, Finance 55 Ltd shall ensure:

·        Transparency.

·        Human oversight.

·        Appropriate governance.

·        Risk assessments.

·        Ongoing monitoring.

Individuals shall be informed:

·        How AI is used.

·        The purpose of processing.

·        The significance of decisions.

·        Their right to human intervention.

·        Their right to challenge decisions.

24. TRAINING AND AWARENESS

All staff shall receive:

·        Induction training.

·        Annual refresher training.

·        Role-specific training where necessary.

Training records shall be maintained.

25.  MONITORING, ASSURANCE AND REPORTING

Finance 55 Ltd shall monitor compliance through:

·        Internal audits.

·        Compliance reviews.

·        Management Information.

·        Breach reporting.

·        Consumer Duty outcome monitoring.

·        Third-party oversight.

26. POLICY REVIEW

This policy shall be reviewed annually or following:

·        Regulatory change.

·        Legislative change.

·        Material incidents.

·        Significant operational change.

·        New technology implementation.

Changes to our privacy policy

Our Company keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated July 2026.

 

How to contact us

If you have any questions about Our Company’s Privacy Policy, the data we hold on you, or you would like to exercise one of your data protections rights, please do not hesitate to contact us.

 

Email us at: Mark@finance55.co.uk 

Call us: 07771772804

Or write to us at: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX

 

How to make a complaint and contact the appropriate authority

If you are unhappy about how your personal data has been used by us, please contact us and we will be happy to register a complaint. 

 

You also have a right to complain to the Information Commissioner’s Office which regulates the processing of personal data. You can contact them at Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF, on 0303 123 1113 or by email to casework@ico.org.uk. See also https://ico.org.uk/global/contact-us/.

 

Finance 55 Ltd Privacy Notice

 

Who we are: 

We are Finance 55 Ltd and we can be contacted using the following details: 

Telephone Number: 07771772804

Address: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX 

Email address: mark@finance55.co.uk

Data Protection Officer/ contact: Mark Nixon

ICO Registration Number: ZA152132

 

Our legal grounds for holding your data: 

The UK’s data protection laws allow us to use your personal data, provided we have a lawful basis to do so. This includes sharing it in certain circumstances, as described below.

 

We consider we have the following reasons (legal bases) to use your personal data:

Performance of contract with you: we need to use your personal data to be able to successfully legally contract with you.
Compliance with our legal obligations: we need to use your personal data to comply with certain legislation such as financial crime legislation.
Legitimate interests: these are our business and commercial reasons for using your data, which we have balanced against your interests. We have certain legitimate interests in using your data which are not outweighed by your interests, fundamental rights or freedoms. These legitimate interests are to help prevent and detect financial crime, fraud and money laundering, to promote responsible lending, and to assist our compliance with the legal and regulatory requirements placed upon us.
Your consent: You can withdraw this consent at any time, in which case we will cease to use it, unless we have a right and a need to continue processing it for one of the other reasons set out above.
 

More information on how we use your personal data and for what purposes is set out below.

 

What data do we collect?                

 

Data provided by you: 

Funder application details: for example, but not limited to, your name, postal address, your email address, telephone numbers, date of birth, bank account details, reason for borrowing, your assets and liabilities, details of your proof of identity documentation, proof of address documentation, evidence of additional equity available and evidence of any other business interests
When you talk to us: for example, on the phone, or in person. 
In writing: for example, letters, emails, texts and other electronic communications
 

Data we collect when you use our services? 

·       Transaction data: for example, what sort of products you are selecting, the length of term, the types of asset(s) you are looking at financing, business type and geographical location

 

Data provided to and by third parties

Data from persons that introduce you to us: for example, financial advisers, agents, finance providers or other third parties
Data from credit reference agencies, most likely to be either Experian, Creditsafe, Equifax or CallCredit
Data from fraud prevention agencies
Publicly available information: for example, from the land registry, companies house, the electoral register, other information available online or in the media, including social media
Data from your representatives where relevant: for example your legal and financial advisers such as lawyers and accountants
 

 

 

 

Special Category Data

In the course of your interactions with Finance 55 Ltd you may share information that is classified as ‘Special Category Data’. This could include data about:

·       Race

·       Ethnic origin

·       Politics

·       Religion

·       Trade union membership

·       Genetics

·       Biometrics

·       Health

·       Sex life

·       Sexual orientation

 

Where you do share information relating to any of these categories e.g., when you may share information about your health, or a characteristic of vulnerability Finance 55 Ltd will always seek explicit consent from you to store and process such information. 

 

Why is personal data collected by us

Finance 55 Ltd collect personal data for a number of reasons

 

From time to time, we may contact you to ask for your consent to use your personal data for other purposes. Your personal data may also be used for other purposes where required or permitted by law.

 

When we and fraud prevention agencies process your personal data, we do so on the basis that we have a legitimate interest in preventing fraud and money laundering, and to verify identity, in order to protect our business and to comply with laws that apply to us. Such processing is also a contractual requirement of the services or financing you have requested. We, and fraud prevention agencies, may also enable law enforcement agencies to access and use your personal data to detect, investigate and prevent crime. Fraud prevention agencies can hold your personal data for different periods of time, and if you are considered to pose a fraud or money laundering risk, your data can be held for up to six years.

 

How will we use your data?

Our Company collects your data so that we can:

·       Process your application and manage your request.

·       For fraud prevention

·       For audit

·       For Statistical analysis

 

When Personal Data is shared 

Your personal data may be used by our partners, lenders, brokers, agents, sub-contractors, lawyers and by any of our or their subsidiary or associated companies before, during and after your agreement facilitated by us. We may also use organisations to perform tasks on our behalf including information technology service providers, and banks, who we will then be sharing your personal data with and who may also process and retain your data both before, during and after your agreement facilitated by us. Any of these third parties may contact you by post, e-mail or telephone (or as required). 

 

We may also share your personal data with  fraud prevention agencies, law enforcement agencies, regulators and other authorities, any agent that you have given us authority to communicate with and persons you ask us to share your data with, companies that we introduce you to, market researchers tracing and debt recovery agencies and customer service agencies for the purposes set out above. These agencies and firms may also share your personal data with others.

 

 

If, in the future, we sell, transfer or merge all or part of our business or assets, including the acquisition of other businesses, we may share your data with other parties. We will only do this if they agree to keep it safe and private and to only use it in the same ways as set out in this notice.

 

What are your data protection rights and choices?

Your personal data is protected by legal rights, which include: 

Right to be informed – Individuals have the right to be informed about the collection and use of their personal data
The right of access to your personal data – Individuals have the right to access and receive a copy of their personal data and other supplementary information.
The right to rectification- Individuals have the right to have inaccurate personal data rectified or completed if incomplete.
The right to erasure – Individuals have the right to have their personal data erased.
The right to restrict processing – Individuals have the right to request the restriction or suppression of their personal data.
The right to portability – This allows individuals to obtain and reuse their personal data for their own purposes across different services.
The right to object – this gives individuals the right to object to the processing of their personal data in certain circumstances, it also gives individuals the absolute right to stop their data being used for direct marketing
The right in relation to automated decision making and profiling – this allows individuals to object to their data being used in an automated individual decision-making process (making a decision solely by automated means without any human involvement) and profiling (automated processing of personal data to evaluate certain things about an individual). Profiling can be part of an automated decision-making process.
 

There may be reasons why we need to keep or use your data, but please tell us if you think we should not be processing your data.

 

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at our email Mark@finance55.co.uk.

 

For further information on how your information is used, how we maintain the security of your information and your rights in relation to it, please contact us via email Mark@finance55.uk or call us on 07771772804.

 

How long is your data kept

We will retain your personal data as long as you are a customer with us. We may retain your personal data beyond this date for the purposes mentioned above and will in any case at all times retain your personal data for the minimum period required by law. We may also retain your data to deal with any disputes, to maintain records and to show we have dealt with you fairly.

 

We may also retain your data for research and statistical purposes in which case we will ensure it is kept private and used only for these purposes.

 

Marketing

Finance 55 Ltd understands that with the introduction of the Consumer Duty, it is likely the level of communications issued by our business will increase. This will be necessary to support customers to understand the products and services offered and to provide support to customer throughout the lifecycle of the relationship.

 

 

Changes to our privacy policy

Our Company keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated February 2025.

 

Use of Artificial Intelligence 

 

We may use artificial intelligence (“AI”) and AI-enabled technology to assist us in processing your personal data for the following purpose:

 

·       Producing funding proposals

·       Research

 

This may include using AI to support administrative tasks, review or summarise information, identify patterns, produce draft content or otherwise assist our employees in providing our services. Where appropriate, the output produced by AI will be subject to human review.

 

We will only process the personal data necessary for the stated purpose and will apply appropriate technical and organisational safeguards. 

 

 

How to contact us

If you have any questions about Our Company’s Privacy Policy, the data we hold on you, or you would like to exercise one of your data protections rights, please do not hesitate to contact us.

 

Email us at: Mark@finance55.co.uk 

Call us: 07771772804

Or write to us at: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX

 

How to make a complaint and contact the appropriate authority

If you are unhappy about how your personal data has been used by us, please contact us and we will be happy to register a complaint. 

 

You also have a right to complain to the Information Commissioner’s Office which regulates the processing of personal data. You can contact them at Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF, on 0303 123 1113 or by email to casework@ico.org.uk. See also https://ico.org.uk/global/contact-us/.

 

Finance 55 Ltd Privacy Notice

 

Who we are: 

We are Finance 55 Ltd and we can be contacted using the following details: 

Telephone Number: 07771772804

Address: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX 

Email address: mark@finance55.co.uk

Data Protection Officer/ contact: Mark Nixon

ICO Registration Number: ZA152132

 

Our legal grounds for holding your data: 

The UK’s data protection laws allow us to use your personal data, provided we have a lawful basis to do so. This includes sharing it in certain circumstances, as described below.

 

We consider we have the following reasons (legal bases) to use your personal data:

Performance of contract with you: we need to use your personal data to be able to successfully legally contract with you.
Compliance with our legal obligations: we need to use your personal data to comply with certain legislation such as financial crime legislation.
Legitimate interests: these are our business and commercial reasons for using your data, which we have balanced against your interests. We have certain legitimate interests in using your data which are not outweighed by your interests, fundamental rights or freedoms. These legitimate interests are to help prevent and detect financial crime, fraud and money laundering, to promote responsible lending, and to assist our compliance with the legal and regulatory requirements placed upon us.
Your consent: You can withdraw this consent at any time, in which case we will cease to use it, unless we have a right and a need to continue processing it for one of the other reasons set out above.
 

More information on how we use your personal data and for what purposes is set out below.

 

What data do we collect?                

 

Data provided by you: 

Funder application details: for example, but not limited to, your name, postal address, your email address, telephone numbers, date of birth, bank account details, reason for borrowing, your assets and liabilities, details of your proof of identity documentation, proof of address documentation, evidence of additional equity available and evidence of any other business interests
When you talk to us: for example, on the phone, or in person. 
In writing: for example, letters, emails, texts and other electronic communications
 

Data we collect when you use our services? 

·       Transaction data: for example, what sort of products you are selecting, the length of term, the types of asset(s) you are looking at financing, business type and geographical location

 

Data provided to and by third parties

Data from persons that introduce you to us: for example, financial advisers, agents, finance providers or other third parties
Data from credit reference agencies, most likely to be either Experian, Creditsafe, Equifax or CallCredit
Data from fraud prevention agencies
Publicly available information: for example, from the land registry, companies house, the electoral register, other information available online or in the media, including social media
Data from your representatives where relevant: for example your legal and financial advisers such as lawyers and accountants
 

 

 

 

Special Category Data

In the course of your interactions with Finance 55 Ltd you may share information that is classified as ‘Special Category Data’. This could include data about:

·       Race

·       Ethnic origin

·       Politics

·       Religion

·       Trade union membership

·       Genetics

·       Biometrics

·       Health

·       Sex life

·       Sexual orientation

 

Where you do share information relating to any of these categories e.g., when you may share information about your health, or a characteristic of vulnerability Finance 55 Ltd will always seek explicit consent from you to store and process such information. 

 

Why is personal data collected by us

Finance 55 Ltd collect personal data for a number of reasons

 

From time to time, we may contact you to ask for your consent to use your personal data for other purposes. Your personal data may also be used for other purposes where required or permitted by law.

 

When we and fraud prevention agencies process your personal data, we do so on the basis that we have a legitimate interest in preventing fraud and money laundering, and to verify identity, in order to protect our business and to comply with laws that apply to us. Such processing is also a contractual requirement of the services or financing you have requested. We, and fraud prevention agencies, may also enable law enforcement agencies to access and use your personal data to detect, investigate and prevent crime. Fraud prevention agencies can hold your personal data for different periods of time, and if you are considered to pose a fraud or money laundering risk, your data can be held for up to six years.

 

How will we use your data?

Our Company collects your data so that we can:

·       Process your application and manage your request.

·       For fraud prevention

·       For audit

·       For Statistical analysis

 

When Personal Data is shared 

Your personal data may be used by our partners, lenders, brokers, agents, sub-contractors, lawyers and by any of our or their subsidiary or associated companies before, during and after your agreement facilitated by us. We may also use organisations to perform tasks on our behalf including information technology service providers, and banks, who we will then be sharing your personal data with and who may also process and retain your data both before, during and after your agreement facilitated by us. Any of these third parties may contact you by post, e-mail or telephone (or as required). 

 

We may also share your personal data with  fraud prevention agencies, law enforcement agencies, regulators and other authorities, any agent that you have given us authority to communicate with and persons you ask us to share your data with, companies that we introduce you to, market researchers tracing and debt recovery agencies and customer service agencies for the purposes set out above. These agencies and firms may also share your personal data with others.

 

 

If, in the future, we sell, transfer or merge all or part of our business or assets, including the acquisition of other businesses, we may share your data with other parties. We will only do this if they agree to keep it safe and private and to only use it in the same ways as set out in this notice.

 

What are your data protection rights and choices?

Your personal data is protected by legal rights, which include: 

Right to be informed – Individuals have the right to be informed about the collection and use of their personal data
The right of access to your personal data – Individuals have the right to access and receive a copy of their personal data and other supplementary information.
The right to rectification- Individuals have the right to have inaccurate personal data rectified or completed if incomplete.
The right to erasure – Individuals have the right to have their personal data erased.
The right to restrict processing – Individuals have the right to request the restriction or suppression of their personal data.
The right to portability – This allows individuals to obtain and reuse their personal data for their own purposes across different services.
The right to object – this gives individuals the right to object to the processing of their personal data in certain circumstances, it also gives individuals the absolute right to stop their data being used for direct marketing
The right in relation to automated decision making and profiling – this allows individuals to object to their data being used in an automated individual decision-making process (making a decision solely by automated means without any human involvement) and profiling (automated processing of personal data to evaluate certain things about an individual). Profiling can be part of an automated decision-making process.
 

There may be reasons why we need to keep or use your data, but please tell us if you think we should not be processing your data.

 

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at our email Mark@finance55.co.uk.

 

For further information on how your information is used, how we maintain the security of your information and your rights in relation to it, please contact us via email Mark@finance55.uk or call us on 07771772804.

 

How long is your data kept

We will retain your personal data as long as you are a customer with us. We may retain your personal data beyond this date for the purposes mentioned above and will in any case at all times retain your personal data for the minimum period required by law. We may also retain your data to deal with any disputes, to maintain records and to show we have dealt with you fairly.

 

We may also retain your data for research and statistical purposes in which case we will ensure it is kept private and used only for these purposes.

 

Marketing

Finance 55 Ltd understands that with the introduction of the Consumer Duty, it is likely the level of communications issued by our business will increase. This will be necessary to support customers to understand the products and services offered and to provide support to customer throughout the lifecycle of the relationship.

 

 

Changes to our privacy policy

Our Company keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated February 2025.

 

Use of Artificial Intelligence 

 

We may use artificial intelligence (“AI”) and AI-enabled technology to assist us in processing your personal data for the following purpose:

 

·       Producing funding proposals

·       Research

 

This may include using AI to support administrative tasks, review or summarise information, identify patterns, produce draft content or otherwise assist our employees in providing our services. Where appropriate, the output produced by AI will be subject to human review.

 

We will only process the personal data necessary for the stated purpose and will apply appropriate technical and organisational safeguards. 

 

 

How to contact us

If you have any questions about Our Company’s Privacy Policy, the data we hold on you, or you would like to exercise one of your data protections rights, please do not hesitate to contact us.

 

Email us at: Mark@finance55.co.uk 

Call us: 07771772804

Or write to us at: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX

 

How to make a complaint and contact the appropriate authority

If you are unhappy about how your personal data has been used by us, please contact us and we will be happy to register a complaint. 

 

You also have a right to complain to the Information Commissioner’s Office which regulates the processing of personal data. You can contact them at Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF, on 0303 123 1113 or by email to casework@ico.org.uk. See also https://ico.org.uk/global/contact-us/.

 

Finance 55 Ltd Privacy Notice

 

Who we are: 

We are Finance 55 Ltd and we can be contacted using the following details: 

Telephone Number: 07771772804

Address: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX 

Email address: mark@finance55.co.uk

Data Protection Officer/ contact: Mark Nixon

ICO Registration Number: ZA152132

 

Our legal grounds for holding your data: 

The UK’s data protection laws allow us to use your personal data, provided we have a lawful basis to do so. This includes sharing it in certain circumstances, as described below.

 

We consider we have the following reasons (legal bases) to use your personal data:

Performance of contract with you: we need to use your personal data to be able to successfully legally contract with you.
Compliance with our legal obligations: we need to use your personal data to comply with certain legislation such as financial crime legislation.
Legitimate interests: these are our business and commercial reasons for using your data, which we have balanced against your interests. We have certain legitimate interests in using your data which are not outweighed by your interests, fundamental rights or freedoms. These legitimate interests are to help prevent and detect financial crime, fraud and money laundering, to promote responsible lending, and to assist our compliance with the legal and regulatory requirements placed upon us.
Your consent: You can withdraw this consent at any time, in which case we will cease to use it, unless we have a right and a need to continue processing it for one of the other reasons set out above.
 

More information on how we use your personal data and for what purposes is set out below.

 

What data do we collect?                

 

Data provided by you: 

Funder application details: for example, but not limited to, your name, postal address, your email address, telephone numbers, date of birth, bank account details, reason for borrowing, your assets and liabilities, details of your proof of identity documentation, proof of address documentation, evidence of additional equity available and evidence of any other business interests
When you talk to us: for example, on the phone, or in person. 
In writing: for example, letters, emails, texts and other electronic communications
 

Data we collect when you use our services? 

·       Transaction data: for example, what sort of products you are selecting, the length of term, the types of asset(s) you are looking at financing, business type and geographical location

 

Data provided to and by third parties

Data from persons that introduce you to us: for example, financial advisers, agents, finance providers or other third parties
Data from credit reference agencies, most likely to be either Experian, Creditsafe, Equifax or CallCredit
Data from fraud prevention agencies
Publicly available information: for example, from the land registry, companies house, the electoral register, other information available online or in the media, including social media
Data from your representatives where relevant: for example your legal and financial advisers such as lawyers and accountants
 

 

 

 

Special Category Data

In the course of your interactions with Finance 55 Ltd you may share information that is classified as ‘Special Category Data’. This could include data about:

·       Race

·       Ethnic origin

·       Politics

·       Religion

·       Trade union membership

·       Genetics

·       Biometrics

·       Health

·       Sex life

·       Sexual orientation

 

Where you do share information relating to any of these categories e.g., when you may share information about your health, or a characteristic of vulnerability Finance 55 Ltd will always seek explicit consent from you to store and process such information. 

 

Why is personal data collected by us

Finance 55 Ltd collect personal data for a number of reasons

 

From time to time, we may contact you to ask for your consent to use your personal data for other purposes. Your personal data may also be used for other purposes where required or permitted by law.

 

When we and fraud prevention agencies process your personal data, we do so on the basis that we have a legitimate interest in preventing fraud and money laundering, and to verify identity, in order to protect our business and to comply with laws that apply to us. Such processing is also a contractual requirement of the services or financing you have requested. We, and fraud prevention agencies, may also enable law enforcement agencies to access and use your personal data to detect, investigate and prevent crime. Fraud prevention agencies can hold your personal data for different periods of time, and if you are considered to pose a fraud or money laundering risk, your data can be held for up to six years.

 

How will we use your data?

Our Company collects your data so that we can:

·       Process your application and manage your request.

·       For fraud prevention

·       For audit

·       For Statistical analysis

 

When Personal Data is shared 

Your personal data may be used by our partners, lenders, brokers, agents, sub-contractors, lawyers and by any of our or their subsidiary or associated companies before, during and after your agreement facilitated by us. We may also use organisations to perform tasks on our behalf including information technology service providers, and banks, who we will then be sharing your personal data with and who may also process and retain your data both before, during and after your agreement facilitated by us. Any of these third parties may contact you by post, e-mail or telephone (or as required). 

 

We may also share your personal data with  fraud prevention agencies, law enforcement agencies, regulators and other authorities, any agent that you have given us authority to communicate with and persons you ask us to share your data with, companies that we introduce you to, market researchers tracing and debt recovery agencies and customer service agencies for the purposes set out above. These agencies and firms may also share your personal data with others.

 

 

If, in the future, we sell, transfer or merge all or part of our business or assets, including the acquisition of other businesses, we may share your data with other parties. We will only do this if they agree to keep it safe and private and to only use it in the same ways as set out in this notice.

 

What are your data protection rights and choices?

Your personal data is protected by legal rights, which include: 

Right to be informed – Individuals have the right to be informed about the collection and use of their personal data
The right of access to your personal data – Individuals have the right to access and receive a copy of their personal data and other supplementary information.
The right to rectification- Individuals have the right to have inaccurate personal data rectified or completed if incomplete.
The right to erasure – Individuals have the right to have their personal data erased.
The right to restrict processing – Individuals have the right to request the restriction or suppression of their personal data.
The right to portability – This allows individuals to obtain and reuse their personal data for their own purposes across different services.
The right to object – this gives individuals the right to object to the processing of their personal data in certain circumstances, it also gives individuals the absolute right to stop their data being used for direct marketing
The right in relation to automated decision making and profiling – this allows individuals to object to their data being used in an automated individual decision-making process (making a decision solely by automated means without any human involvement) and profiling (automated processing of personal data to evaluate certain things about an individual). Profiling can be part of an automated decision-making process.
 

There may be reasons why we need to keep or use your data, but please tell us if you think we should not be processing your data.

 

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at our email Mark@finance55.co.uk.

 

For further information on how your information is used, how we maintain the security of your information and your rights in relation to it, please contact us via email Mark@finance55.uk or call us on 07771772804.

 

How long is your data kept

We will retain your personal data as long as you are a customer with us. We may retain your personal data beyond this date for the purposes mentioned above and will in any case at all times retain your personal data for the minimum period required by law. We may also retain your data to deal with any disputes, to maintain records and to show we have dealt with you fairly.

 

We may also retain your data for research and statistical purposes in which case we will ensure it is kept private and used only for these purposes.

 

Marketing

Finance 55 Ltd understands that with the introduction of the Consumer Duty, it is likely the level of communications issued by our business will increase. This will be necessary to support customers to understand the products and services offered and to provide support to customer throughout the lifecycle of the relationship.

 

 

Changes to our privacy policy

Our Company keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated February 2025.

 

Use of Artificial Intelligence 

 

We may use artificial intelligence (“AI”) and AI-enabled technology to assist us in processing your personal data for the following purpose:

 

·       Producing funding proposals

·       Research

 

This may include using AI to support administrative tasks, review or summarise information, identify patterns, produce draft content or otherwise assist our employees in providing our services. Where appropriate, the output produced by AI will be subject to human review.

 

We will only process the personal data necessary for the stated purpose and will apply appropriate technical and organisational safeguards. 

 

 

How to contact us

If you have any questions about Our Company’s Privacy Policy, the data we hold on you, or you would like to exercise one of your data protections rights, please do not hesitate to contact us.

 

Email us at: Mark@finance55.co.uk 

Call us: 07771772804

Or write to us at: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX

 

How to make a complaint and contact the appropriate authority

If you are unhappy about how your personal data has been used by us, please contact us and we will be happy to register a complaint. 

 

You also have a right to complain to the Information Commissioner’s Office which regulates the processing of personal data. You can contact them at Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF, on 0303 123 1113 or by email to casework@ico.org.uk. See also https://ico.org.uk/global/contact-us/.

 

Finance 55 Ltd Privacy Notice

 

Who we are: 

We are Finance 55 Ltd and we can be contacted using the following details: 

Telephone Number: 07771772804

Address: Quorum Business Park, Q16 Business Exchange, Newcastle Upon Tyne, NE12 8BX 

Email address: mark@finance55.co.uk

Data Protection Officer/ contact: Mark Nixon

ICO Registration Number: ZA152132

 

Our legal grounds for holding your data: 

The UK’s data protection laws allow us to use your personal data, provided we have a lawful basis to do so. This includes sharing it in certain circumstances, as described below.

 

We consider we have the following reasons (legal bases) to use your personal data:

Performance of contract with you: we need to use your personal data to be able to successfully legally contract with you.
Compliance with our legal obligations: we need to use your personal data to comply with certain legislation such as financial crime legislation.
Legitimate interests: these are our business and commercial reasons for using your data, which we have balanced against your interests. We have certain legitimate interests in using your data which are not outweighed by your interests, fundamental rights or freedoms. These legitimate interests are to help prevent and detect financial crime, fraud and money laundering, to promote responsible lending, and to assist our compliance with the legal and regulatory requirements placed upon us.
Your consent: You can withdraw this consent at any time, in which case we will cease to use it, unless we have a right and a need to continue processing it for one of the other reasons set out above.
 

More information on how we use your personal data and for what purposes is set out below.

 

What data do we collect?                

 

Data provided by you: 

Funder application details: for example, but not limited to, your name, postal address, your email address, telephone numbers, date of birth, bank account details, reason for borrowing, your assets and liabilities, details of your proof of identity documentation, proof of address documentation, evidence of additional equity available and evidence of any other business interests
When you talk to us: for example, on the phone, or in person. 
In writing: for example, letters, emails, texts and other electronic communications
 

Data we collect when you use our services? 

·       Transaction data: for example, what sort of products you are selecting, the length of term, the types of asset(s) you are looking at financing, business type and geographical location

 

Data provided to and by third parties

Data from persons that introduce you to us: for example, financial advisers, agents, finance providers or other third parties
Data from credit reference agencies, most likely to be either Experian, Creditsafe, Equifax or CallCredit
Data from fraud prevention agencies
Publicly available information: for example, from the land registry, companies house, the electoral register, other information available online or in the media, including social media
Data from your representatives where relevant: for example your legal and financial advisers such as lawyers and accountants
 

 

 

 

Special Category Data

In the course of your interactions with Finance 55 Ltd you may share information that is classified as ‘Special Category Data’. This could include data about:

·       Race

·       Ethnic origin

·       Politics

·       Religion

·       Trade union membership

·       Genetics

·       Biometrics

·       Health

·       Sex life

·       Sexual orientation

 

Where you do share information relating to any of these categories e.g., when you may share information about your health, or a characteristic of vulnerability Finance 55 Ltd will always seek explicit consent from you to store and process such information. 

 

Why is personal data collected by us

Finance 55 Ltd collect personal data for a number of reasons

 

From time to time, we may contact you to ask for your consent to use your personal data for other purposes. Your personal data may also be used for other purposes where required or permitted by law.

 

When we and fraud prevention agencies process your personal data, we do so on the basis that we have a legitimate interest in preventing fraud and money laundering, and to verify identity, in order to protect our business and to comply with laws that apply to us. Such processing is also a contractual requirement of the services or financing you have requested. We, and fraud prevention agencies, may also enable law enforcement agencies to access and use your personal data to detect, investigate and prevent crime. Fraud prevention agencies can hold your personal data for different periods of time, and if you are considered to pose a fraud or money laundering risk, your data can be held for up to six years.

 

How will we use your data?

Our Company collects your data so that we can:

·       Process your application and manage your request.

·       For fraud prevention

·       For audit

·       For Statistical analysis

 

When Personal Data is shared 

Your personal data may be used by our partners, lenders, brokers, agents, sub-contractors, lawyers and by any of our or their subsidiary or associated companies before, during and after your agreement facilitated by us. We may also use organisations to perform tasks on our behalf including information technology service providers, and banks, who we will then be sharing your personal data with and who may also process and retain your data both before, during and after your agreement facilitated by us. Any of these third parties may contact you by post, e-mail or telephone (or as required). 

 

We may also share your personal data with  fraud prevention agencies, law enforcement agencies, regulators and other authorities, any agent that you have given us authority to communicate with and persons you ask us to share your data with, companies that we introduce you to, market researchers tracing and debt recovery agencies and customer service agencies for the purposes set out above. These agencies and firms may also share your personal data with others.

 

 

If, in the future, we sell, transfer or merge all or part of our business or assets, including the acquisition of other businesses, we may share your data with other parties. We will only do this if they agree to keep it safe and private and to only use it in the same ways as set out in this notice.

 

What are your data protection rights and choices?

Your personal data is protected by legal rights, which include: 

Right to be informed – Individuals have the right to be informed about the collection and use of their personal data
The right of access to your personal data – Individuals have the right to access and receive a copy of their personal data and other supplementary information.
The right to rectification- Individuals have the right to have inaccurate personal data rectified or completed if incomplete.
The right to erasure – Individuals have the right to have their personal data erased.
The right to restrict processing – Individuals have the right to request the restriction or suppression of their personal data.
The right to portability – This allows individuals to obtain and reuse their personal data for their own purposes across different services.
The right to object – this gives individuals the right to object to the processing of their personal data in certain circumstances, it also gives individuals the absolute right to stop their data being used for direct marketing
The right in relation to automated decision making and profiling – this allows individuals to object to their data being used in an automated individual decision-making process (making a decision solely by automated means without any human involvement) and profiling (automated processing of personal data to evaluate certain things about an individual). Profiling can be part of an automated decision-making process.
 

There may be reasons why we need to keep or use your data, but please tell us if you think we should not be processing your data.

 

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at our email Mark@finance55.co.uk.

 

For further information on how your information is used, how we maintain the security of your information and your rights in relation to it, please contact us via email Mark@finance55.uk or call us on 07771772804.

 

How long is your data kept

We will retain your personal data as long as you are a customer with us. We may retain your personal data beyond this date for the purposes mentioned above and will in any case at all times retain your personal data for the minimum period req