Our Experience: For the past 10 years, we've helped many clients with financial mis-selling claims.
Understanding Business Commission Claims: These claims often arise when businesses use brokers to get better rates but hidden fees are incurred that were not clearly explained at the start.
Act Quickly: If you are considering a Business Commission claim, it is essential to act urgently. A crucial test case (Expert Tooling and Automation Ltd v Engie Power Ltd) is awaiting judgment, which will set an important precedent for future claims.
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This case concerns Expert Tooling and Automation Ltd, a manufacturer of tools and specialised machinery, and their dealings with Engie Power Ltd, an energy supplier.
Expert Tooling partnered with Utilitywise, an energy broker, to arrange electricity supply contracts with Engie. However, Utilitywise added hidden commissions to the electricity rates, increasing costs by 9% to 31%. While Expert Tooling was aware a commission would apply, they claim they were never informed:
Expert Tooling argues that Utilitywise breached its fiduciary duties by failing to disclose the full extent of the commission. They also claim that Engie was an accessory to this breach. As a result, they are seeking financial compensation or reimbursement of the additional costs incurred.