FSCS declares six firms in default

Consumers could be in line for compensation after FSCS declares six firms in default

Consumers could get back money they have lost as a result of their dealings with any of the six failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default during December 2018.

FSCS is the UK’s statutory compensation scheme that protects customers of regulated financial services firms. A declaration of default means FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation.

Alex Kuczynski, Chief Corporate Affairs Officer at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital service, which is free to consumers, protects your deposits, insurance, investments, home finance and debt management. We want anyone who believes they may be owed money as a result of their dealings with any of these firms to get in touch as we may be able to help you.” 

Since it began in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

If you wish to make a claim with FSCS against any of these firms, you may be able to do so using FSCS’s online claims service. Or you can contact the Scheme’s Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk.

For the latest FSCS news and information visit www.fscs.org.uk or follow @FSCS News

Media enquiries

Anthony Ozimic

T: 020 7375 8638

E: publicrelations@fscs.org.uk

Declarations by FSCS from 1st to 31st December 2018:

  • Gann Management Limited, Bank House Chambers, 44 Stockport Road, Romiley, Stockport, Cheshire, SK6 3AG
  • HBFS Financial Services Limited, 3 Theobald Court, Theobald Street, Borehamwood, Hertfordshire, WD6 4RN
  • Plymouth Caravan Centre Limited, Strode Road, Plymouth, Devon, PL7 4AY
  • Seren Independent Advisers Limited, Fieldview, Alvescote Road, Black Bourton, Oxon., OX18 2PP
  • Turnpike Motors Limited Formerly Motor Range Limited, Switch Cars, Dunnings Bridge Road, Bootle, Merseyside, L30 6YW
  • Well Alley Limited formerly Blue Finance Ltd/CV Revolution Ltd/Speed 8196 Ltd, Victoria House, Stanbridge Park, Staplefield Lane, Staplefield, Haywards Heath, West Sussex, RH17 6AS

Notes for editors