Terms of business

1. Who you are dealing with

Reads Commercial Finance is a trading style of Reads Advice Partners Limited, company number 12124192, registered office 7 Bell Yard, London, WC2A 2JR.

2. What we do

One thing. We introduce businesses to selected independent commercial finance brokers and finance providers, so that those firms can discuss the business's funding requirements with it.

The introduction is the service. It consists of taking the details you give us, forming a view on which firm on our panel is best placed to have the conversation, and passing your details to that firm with your consent.

3. What we do not do

We are not a lender and we are not a finance provider. We are not a broker. Specifically, we do not:

• assess your requirements or your eligibility for any facility;
• recommend a product, a lender or a course of action;
• prepare or present a proposition to any lender;
• negotiate terms with any lender or finance provider;
• arrange, administer or manage any finance;
• hold client money at any point.

All of the above are carried out, where they are carried out at all, by the broker or finance provider you are introduced to, under their own terms and their own permissions.

4. The panel

Our panel is a small, named group of firms, currently Asset Leasing and Finance, Karis Capital, OakNorth Bank and Practice Funding Solutions. It is not a whole-of-market panel and we do not hold it out as one. There will be lenders and brokers in the market who are not on it, and there may be a better outcome available elsewhere.

We may add or remove firms. The panel in force is the one published on this website at the time of your introduction.

5. How we are paid

We may receive a commission or an introductory fee from the broker or finance provider where finance is successfully arranged following our introduction. That payment comes from them, not from you.

We charge you nothing for the introduction itself. Any fee payable by you in connection with the finance is the broker's or the provider's own charge, and they are required to set it out to you in writing before you commit to anything.

Because we are paid on a successful introduction, we have a commercial interest in you proceeding. We are telling you that plainly so that you can weigh it. It is also why we do not recommend or rank the firms on the panel: the decision on whether to proceed is entirely yours and is properly taken on the broker's own terms, not on ours.

6. No obligation

An introduction places no obligation on you. You are free not to proceed, to approach any other broker or lender, or to go directly to a lender yourself. There is nothing to sign with us at any stage.

7. What we are responsible for

We are responsible for making the introduction with reasonable care, for passing on accurately what you tell us, and for handling your information as set out in our privacy notice.

We are not responsible for the conduct of any broker or finance provider, for the terms of any facility, for any assessment or recommendation made to you, or for the outcome of any application. Those are matters between you and the firm concerned, governed by their contract with you.

Nothing here limits liability for death or personal injury caused by negligence, for fraud, or for anything else that cannot lawfully be limited.

8. Information you give us

We rely on the details you provide being accurate, and we pass them on as given. If something changes materially between your enquiry and the broker contacting you, tell the broker directly.

9. Complaints

If you are unhappy with an introduction we made, tell us: our complaints procedure explains how, and explains which matters have to go to the broker instead of to us.

10. Governing law

These terms are governed by the law of England and Wales, and the courts of England and Wales have exclusive jurisdiction.