Privacy Policy

In this Notice “we”, “us”, “our” refer to Praetura Commercial Finance Limited and words which are capitalised have the meanings explained in our Standard Conditions, a copy of which is available on request.

Use of personal information

We hereby notify any individuals who are directors, partners or shareholders in a potential client and any directors, partners or shareholders of any of its Associates and any individual Surety of our intention, where we consider it necessary, to:

We hereby notify any individuals who are directors, partners or shareholders in a potential client and any directors, partners or shareholders of any of its Associates and any individual Surety of our intention, where we consider it necessary, to:

1          store and process information about such individuals on our computers (and on the computers of any Group Company) and in any other way; this will be used by us (and the other Group Companies) for credit or financial assessments, preventing money laundering, fraud or other wrongdoing, making payments, recovering monies, training, preparing statistics and protecting our or their interests; Group Companies to which we may transfer information may be outside the EEA where the level of data protection may not be equivalent to that in the UK; however any such transfer will be on the basis that each Group Company will always keep control of the information within the terms of this notice;

2          search such individuals’ record at a credit reference agency of our choice, which may show searches made and information given by other businesses; details of our searches will be kept by such agency and may be seen by other organisations that make searches with the agency; Full details of the use of information by credit reference agencies can be found at:-  www.experian.co.uk/crain

3          search such individuals’ record with a fraud prevention agency; if at any time they give us or procure the giving of false information to us and we suspect fraud we will record this;

4          give information about such individuals to (i) any of our Group Companies for the purposes stated in paragraph 1 above; (ii) any potential Surety so that he or it can assess such obligations; (iii) your bankers or any advisers acting on your behalf so they can carry out their services; (iv) people who provide a service to us (including insurers, legal and tax advisers) or are acting as our agents so they can carry out their services; (v) anyone to whom we may assign, transfer or sub-participate our rights and duties under any Facility to facilitate such assignment, transfer or sub-participation; (vi) anyone where the law so allows or we have a legal duty of disclosure or we need to protect our interests; and

5          monitor and/or record telephone conversations with such individuals for training and/or security purposes.

We may also use selected third parties to process your information and provide services on our behalf and some parties are based in countries outside the European Economic Union. Where we do this, we will ensure that adequate procedures and safeguards are in place to protect your personal data at all times in accordance with applicable data protection law.

Basis for Processing

We consider that such processing is necessary for our legitimate interests in assessing applications and operating a Facility. It is a requirement of entering into a Facility.

We normally retain personal information for a period of 12 months from receipt for an enquiry which does not result in a Facility, and where a Facility is agreed for 12 months after the termination of the Facility.

Your right to object

You have a right to object to our processing your information on grounds relating to your particular situation.

Your other rights and How to contact us about the use of data

You may wish us to amend or delete information we hold, and you have the right to request from us access to and rectification or erasure of personal data or restriction of processing.

You may obtain details of the credit reference agencies and other third parties from whom we obtain and to whom we may give information by calling us on 0330 1244 2030 and asking for our Data Protection Officer; you have a legal right to these details; and can also write to our Data Protection Officer at Ground Floor, 1 Giant’s Basin, Potato Wharf, Manchester M3 4NB.

Supervisory authority

You also have a right to complain about our use of your data to our supervisory authority, the Information Commissioner’s Office.