RM Cycles Status Disclosure

Status Disclosure Statement (CONC 3.7) –

RM Cycles Ltd FRN 1048225

Introduction

This Status Disclosure Statement is provided to satisfy CONC 3.7 requirements and to clearly explain the regulated status of RM Cycles Ltd to customers.

Firm Status

RM Cycles Ltd is applying to be authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit-related activities as a credit broker with limited permissions. We act as a credit broker only and not as a lender.

RM Cycles Ltd has applied for FCA authorisation as a credit broker and, once authorised, will be regulated by the Financial Conduct Authority.

This means:

• RM Cycles Ltd is an owner-managed limited permission credit broker.
• The firm will act solely as an introducer to an FCA-authorised lender for the purchase of bicycles and related goods. (We introduce customers to V12 Retail Finance Ltd where a customer requests finance)
• We do not provide credit ourselves
• We do not provide advice on which finance product is best for you. You should decide whether the finance is suitable for your circumstance
• We do not advise customers on which credit product to choose
• The lender is responsible for assessing affordability, creditworthiness and approving credit applications
• Finance is optional and subject to the lender’s approval. Customers can choose to pay by other methods.

Our Lending Panel / Market Scope

We introduce customers to V12 Retail Finance Ltd only. Their details can be provided upon request.

Remuneration / Commission

We DO NOT receive commission from the lender for introducing customers.

FCA Register

Once authorised, customers will be able to check our details on the FCA Register.at:
https://register.fca.org.uk/

Non-Regulated Activities

RM Cycles Ltd also provides retail cycle sales, repairs and servicing, and participates in Cycle to Work scheme redemptions. These activities are not regulated financial services activities.

Consumer Understanding

• Customers are informed before proceeding with any regulated activity that RM Cycles Ltd is acting only as an introducer.
• Customers are advised that the lender will carry out affordability and creditworthiness checks and make the lending decision.
• The firm ensures that all communications are fair, clear, and not misleading, in line with the Consumer Duty (PRIN 2A).

Regulated vs Non-Regulated Activities

• Non-regulated: Sale of bicycles, accessories, servicing, and Cycle to Work scheme redemptions.
• Regulated: Introducing customers to V12 Retail Finance Ltd upon the customer’s proactive request.

The firm maintains clear separation between these activities in both staff training and customer communications.

5. Governance

• The Owner, Roger Marsh, is accountable for ensuring compliance with regulatory requirements.
• Regular reviews of marketing, customer communications, and the customer journey are undertaken to maintain clarity regarding regulated and non-regulated activity.

Date: 16/01/2026 v2.3