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Modern Slavery Act Transparency Statement

Introduction

Oakbrook Finance Limited and Oakbrook Loans Limited (collectively "Oakbrook") are fully committed to preventing modern slavery and human trafficking in all aspects of our business and supply chains. We recognise our responsibility to identify and mitigate modern slavery risks and take proactive measures to ensure ethical and responsible business practices. This statement is made pursuant to Section 54 of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31st December 2024.

What is Modern Slavery?

Modern slavery is a severe violation of human rights and includes forced labour, human trafficking, debt bondage, and exploitation. It affects millions of people worldwide and can take many forms, such as coerced labour, child exploitation, and whole families working for nothing to pay off generational debts. Slavery thrives on every continent and in almost every country affecting the world’s most vulnerable people. Businesses play a critical role in combating modern slavery by ensuring responsible and ethical operations.

Our Business

Oakbrook Finance Limited and Oakbrook Loans Limited are wholly owned subsidiaries of Oakbrook Holdings (UK) Limited. Oakbrook Finance Ltd, trading as Finio Loans, was established in 2011, and Oakbrook Loans Limited, trading as Oakbrook Loans, was established in 2012. Both businesses provide unsecured personal loans to individuals residing in the UK. As of 31st December 2024, Oakbrook had approximately 45 employees.

Oakbrook is committed to opposing slavery and human trafficking, and we do not tolerate it within our business or supply chains. We uphold high standards of ethical behaviour and integrity in all our operations.

Governance and Accountability

Responsibility for Oakbrook’s modern slavery strategy rests with senior leadership and compliance teams, who oversee risk assessments, policy development, and supply chain due diligence. The Board of Directors provides oversight to ensure alignment with regulatory requirements and best practices.

Recruitment and Employment Practices

We apply high standards in our recruitment and employment practices. Our hiring process includes:

  • Conducting due diligence, including credit reference checks, employment verification, and DBS checks.
  • Confirming an individual’s right to work in the UK.
  • Using third-party advisers as necessary to support compliance.
  • Ensuring our employees share our people-focused values and commitment to ethical practices.

Policies and Whistleblowing
Our opposition to slavery and human trafficking is reinforced by our corporate policies, which include:

  • Whistleblowing Policy – Employees and third parties are encouraged to report concerns confidentially.
  • Anti-Money Laundering Policy – Ensuring financial transactions comply with legal standards.
  • Anti-Bribery Policy – Preventing unethical practices across our operations.
  • Human Resources Policies – Upholding fair treatment, diversity, and inclusivity.

All employees receive training on these policies to maintain a culture of integrity and transparency.

Supply Chain Due Diligence

As Oakbrook offers unsecured loans to UK residents only, our supply chains are relatively straightforward. Our supply chain includes but is not limited to:

  • IT and software providers
  • Legal services
  • Marketing and advertising agencies
  • Office equipment and stationery suppliers
  • Outsourced collections and administrative services
  • Introducers and intermediaries
  • Premises and facilities management
  • Recruitment agencies

While we consider the risk of modern slavery in our supply chain to be minimal, we remain vigilant. Our supplier due diligence process includes:

  • Requiring suppliers to provide information about their modern slavery prevention measures, where appropriate.
  • Conducting risk assessments based on the nature of the services and supplier location.
  • Undertaking ongoing due diligence, including desk-based reviews and site visits where appropriate.
  • Ensuring any changes in supplier scope are captured and risks are documented.

We continuously review our supplier management processes to focus on higher-risk areas and ensure compliance with ethical standards.

Continuous Improvement and Review
We are committed to continuously improving our approach to modern slavery risk management by:

  • Refining our policies and procedures in response to evolving best practices.
  • Increasing supplier engagement and transparency.
  • Strengthening our due diligence processes and risk assessments.

This statement has been approved by the Board of Directors and will be reviewed annually to ensure ongoing compliance with the Modern Slavery Act 2015.

Jonathan Painter
Chief Executive Officer
Oakbrook Finance Limited & Oakbrook Loans Limited