19 Feb 2026
As part of the process of ensuring we maximise the best possible savings on electric vehicles (EVs) for both you and your team, we will be contacting our key finance company partners, putting in place credit lines to ensure the ordering process is as smooth as possible for you.
What details do we require?
Bank details – sort code and account number
A completed business proposal
Director details – please see below for our Guide to Directors Details for business Underwriting, please note that some finance companies will conduct a soft search on said Director to ensure that there are no extremely negative elements to the credit file. The specific results of this will not be shared with either you as a company or us, as your representative).
What supporting information will we always require?
Last set of filed statutory year-end accounts, that being full signed accounts, rather than abbreviated Companies House accounts.
Latest 3 months’ bank statements. This is an anti-fraud measure more than forming part of the credit assessment, typically.
Driving licence of directors on proposal.
Company VAT number (where relevant).
What other additional information may we require?
We may require additional information for any shareholders with a significant shareholding. This includes information on Ultimate Beneficiary Owner, particularly with reference to any shareholders who may have interests in sanctioned countries (e.g. Russia in 2022).
Past performance – Have there been any one-off factors affecting performance for the last two sets of accounts, (positive or negative)?
Business future performance – Details of significant new contracts etc., scope of growth in employees, or territories.
Why does the finance company require the personal details of Directors? What is it they need?
In this post-COVID world, we now find that most finance companies are requesting the personal details for two Directors for any finance proposal for business vehicles. This is partly due to the increased instances of fraud as many businesses moved to remote working, and as a related consequence, finance companies were forced to conduct much more of their business remotely, without the inperson elements they previously stipulated, particularly when establishing high levels of credit, that vehicles typically require.
What details do we require?
Your current home address, as shown on your driving licence (If your driving licence does not show your current address, please let us know).
Your Date of Birth. Minimum of 3 years of UK address history.
Director contact details (inc. phone number and email).
What can slow down prompt underwriting?
All Directors listed on the proposal need to be listed as a formal Director on Companies House.
All Directors listed on the proposal must have been in the UK for a minimum of 3 years.
What comes next?
Each car ordered will require a Director to sign the formal documentation, typically emailed direct from the finance company.
If, as a signing Director, you wish to nominate another member of your team to sign off documentation with the finance company, we can typically facilitate this with a letter of authority from said Director, normally lasting 12 months from date of signature.
If you are at all unsure about any of the above, please speak with your Scheme representative or email us at employers@pikeandbambridge.co.uk
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