Modern slavery statement 2019

Introduction

At 365 Business Finance we are committed to operating responsibly, respecting others and following high moral standards. We are committed to improving our practices to combat slavery and human trafficking.

We will not tolerate any form of modern slavery in our business. We believe that everyone should always be treated with care and respect.

Organization’s structure

365 Business Finance is based and operates in the United Kingdom and you can find our registered office at 13-15 Rosemont Road, NW3 6NG, London.

365 Business Finance Limited is registered in England and Wales under company number: 08267810

Our business

365 Business Finance offer a merchant cash advance product to small and medium sized businesses across the United Kingdom.

We are proud that our funding solutions are based on affordability, transparency and trust.

Our products are a fast and flexible solution for businesses that accept credit/and or debit cards payments.

365 business Finance has earned a reputation as a reliable, honest and transparent source of business funding to small and medium size businesses throughout the UK. In an economic environment that continues to pressurise the SME, 365 Business Finance has become a popular choice for small and medium size businesses looking for finance

Our supply chains

365 Business Finance is committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. We are commited to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.

This statement has been approved by the Board of 365 Business Finance Limited on Friday 29 March 2019 and will be reviewed at least annually.

Our policies and procedures

As part of our initiative to identify and mitigate risk we do everything in our power to ensure that our business is transparent, honest and respectful.

As such, we follow certain policies and procedures:

We’ve developed a series of procurement procedures identifying and assessing potential risk areas in our supply chains.

We’ve developed procedures to monitor and act on potential risk areas in our supply chains

We've set up a whistle blowing procedure to make it easier for staff to raise concerns about any kind of wrongdoing or violation.

We also have strict policies about conflict of interest, anti-bribery and corruption, social media, anti-harassment and bullying and data protection.

Due Diligence Processes for Slavery and Human Trafficking

365 Business Finance undertakes due diligence when considering taking on new suppliers, and regularly reviews its existing suppliers. The Company’s due diligence process includes building long-standing relationships with suppliers and making clear our expectations of business partners.

As part of our initiative to identify and mitigate risk we have in place systems to:

  • Identify and assess potential risk areas in our supply chains.
  • Mitigate the risk of slavery and human trafficking occurring in our supply chains.
  • Monitor potential risk areas in our supply chains.
  • Protect whistle blowers.

Key performance indicators

We use the following key performance indicators (KPIs) to measure how effective we have been to ensure that slavery and human trafficking is not taking place in any part of our business or supply chains:

  • Use of payroll systems; and
  • Level of communication and personal contact with next link in the supply chain and their understanding of, and compliance with, our expectations

Training

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.

Risk Assessment and management

From 2019 onwards, the due diligence process will be revised to include evaluating the modern slavery and human trafficking risks of each new supplier and if appropriate, invoking sanctions against suppliers that fail to improve their performance in line with an action plan provided by us, including the termination of the business relationship

All our suppliers are based in the UK. We do not tolerate modern forms of slavery and human trafficking and we expect that the companies we work with to respect human rights and promote similar principles in their own supply chains. As such, we will only work with suppliers who are equally committed.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 2019.

Date: 05 April 2019

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