A startup compliance firm for the car dealerships and garages has expansion on its radar after reaching £1m in turnover. The Compliance Guys, which was established during lockdown in 2020, is opening a new office in Fforestfach, Swansea creating 20 jobs.
Regulated by the Financial Conduct Authority (FCA), the firm helps motor traders and retailers with FCA authorisation via an externally managed online process, while providing ongoing compliance support while facilitating introductions to lenders and brokers.
It was founded in 2020 by Jon Rix and Nick McDonald, two local car dealers with 26 years experience in the automotive industry. They have now seen significant growth despite current economic conditions and large fluctuations in car prices.
