FINAL NOTICE

To:

Harbour House Credit Limited (In Liquidation)

TAKE NOTICE: The Financial Services Authority of 25 The North Colonnade, Canary
Wharf, London E14 5HS (the "FSA") gives Harbour House Credit Limited (In
Liquidation) (“Harbour House”) final notice about a decision to cancel the permission
granted to Harbour House to carry on regulated activities

1.
ACTION

1.1
The FSA gave Harbour House a Decision Notice on 31 January 2011 (the “Decision
Notice”) which notified it that for the reasons given below and pursuant to section 45
of the Financial Services and Markets Act 2000 (the “Act”), the FSA had decided to

Harbour House Credit Limited (In Liquidation)

5 May 2011
Final Notice
Page 2

cancel the permission granted to Harbour House under Part IV of the Act (Harbour
House’s “Part IV permission”).

1.2
Subsequent to the issuing of the Decision Notice, on 7 February 2011, a winding up
order was made against Harbour House. The FSA contacted the Official Receiver as
Liquidator of Harbour House and provided him with a copy of the Decision Notice.
The FSA is satisfied that the reasons for action to cancel Harbour House’s Part IV
permission remain valid.

1.3
The matter has not been referred to the Upper Tribunal (Tax and Chancery Division)
within 28 days of the date on which the Decision Notice was issued. Accordingly, the
FSA has today cancelled Harbour House’s Part IV permission.

2.
REASONS FOR ACTION

2.1
On the basis of the facts and matters and conclusions described in its Warning Notice
dated 20 December 2010 (the “Warning Notice”), and in the Decision Notice, it
appears to the FSA that Harbour House is failing to satisfy the threshold conditions
set out in Schedule 6 to the Act (the "Threshold Conditions").

2.2
This is because Harbour House has failed to pay fees and levies of £1,193.48 owed to
the FSA, and to respond adequately to the FSA’s repeated requests that it do so.

2.3
This failing, which is significant in the context of Harbour House’s suitability, led the
FSA to conclude that it is not conducting its business soundly and prudently and in
compliance with proper standards and that it is not a fit and proper person, and that it
is therefore failing to satisfy the Threshold Conditions in relation to the regulated
activities for which it has had Part IV permission.

3.
DECISION MAKER

3.1
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

4.
IMPORTANT

4.1
This Final Notice is given to Harbour House in accordance with section 390(1) of the
Act.

4.2
Sections 391(4), 391(6) and 391(7) of the Act apply to the publication of information
about the matter to which this Final Notice relates. Under those provisions, the FSA
must publish such information about the matter to which this Final Notice relates as
the FSA considers appropriate. The information may be published in such manner as
the FSA considers appropriate. However, the FSA may not publish information if
such publication would, in the opinion of the FSA, be unfair to Harbour House or
prejudicial to the interests of consumers.

Harbour House Credit Limited (In Liquidation)

5 May 2011
Final Notice
Page 3

4.3
The FSA intends to publish this Final Notice and such information about the matter to
which this Final Notice relates as it considers appropriate.

4.4
For more information concerning this matter generally, please contact Alexander
Banerjea at the FSA (direct line: 020 7066 7206 / fax: 020 7066 7207).

John Kirby
FSA Enforcement and Financial Crime Division