Inchcape has flagged as much as buyers the potential of having to make funds for historic motor finance fee preparations for its UK enterprise earlier than it was bought to US supplier group Group 1.
In outcomes filed right this moment it referenced the FCA evaluate into historic motor finance fee preparations introduced in January 2024.
This investigation is ongoing. Within the meantime, there have additionally been various related courtroom choices with the Supreme Courtroom anticipated to ship a definitive assertion of the regulation following a listening to listed for April 2025.
“It stays attainable, although extremely unsure, that the Group might turn out to be liable to make sure funds below the phrases of that indemnity.
“However, it is not currently practicable to estimate the quantum or timing of any such outflow given the inherent uncertainties associated with the court process and the s166 review.”
