Two former automobile sellers who set-up a motor business compliance firm have already reached £1 million turnover and are increasing with the opening of a second workplace in Swansea.
With an annual turnover of over £1 million the motor business entrepreneurs now intend to extend their employees from ten, with twenty new staff after shifting into a brand new workplace in Fforestfach, Swansea.
Jon Rix, Director of The Compliance Guys alongside his enterprise associate Nick McDonald each noticed the advantages of introducing expertise into the business two years in the past.
Having each labored within the automotive business for 26 years, Jon stated that new expertise has allowed dealerships to simply change from guide, paper-based, and folks dependent compliance to an externally managed on-line course of, lowering poor compliance and danger of fines or penalties.
Jon, 49, who’s married with three kids and lives in Loughor, Swansea, stated they had been elated by the fast development of the Compliance Guys.
“It’s nice to have the ability to deliver extra jobs to Swansea and we’re enthusiastic about our new workplace which we opened to assist the demand of our first workplace in Wolverhampton.
“I really like Swansea and grew up close to the Fforestfach space and I wish to give one thing again, and what higher approach than to assist the financial system and the individuals of Swansea by giving them jobs.
“This yr is all about development and we’re seeking to enhance the brand new Swansea workplace employees to 25 by the tip of the yr.”
Jon stated that in simply three years, regardless of Covid, the price of dwelling disaster and big fluctuations in automobile costs their turnover has soared.
“Since beginning the corporate throughout lockdown our plan was at all times about serving to the ‘strange folks’, primarily small to medium sized impartial automobile sellers and individuals who had been typically missed in favour of the massive firms.
“As we speak we now have over 600 ongoing compliance subscription clients and have additionally efficiently supported over 900 authorisations. We’ve developed our personal bespoke compliance gross sales system and simply launched an revolutionary, patented Check Drive App.”
The Compliance Guys Ltd are authorised and controlled by the Monetary Conduct Authority (FCA) and assist automobile sellers and automobile garages to finish FCA authorisation for enterprise, present ongoing compliance assist and likewise facilitate introductions to lenders and brokers.