FSCS declares 15 firms in default in February 2020

Regular notice that consumers could be in line for compensation

The Financial Services Compensation Scheme (FSCS) declared 15 failed regulated firms in default during February 2020. FSCS announces these declarations regularly, to let consumers know they could get back money they have lost as a result of their dealings with any of those firms (listed below).

FSCS is the UK's statutory compensation scheme that protects customers of authorised financial services firms that carry out certain regulated activities. 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 with FSCS. Since it began in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

Fiona Kidy, FSCS’s Acting Chief Financial Officer, said: “We are reaching out to consumers to let them know that compensation may be available if they have suffered losses due to a failed firm. We are a free and independent service and customers can claim direct with FSCS with confidence in our efficient process. FSCS is here to protect consumers and contribute to financial stability. We help customers throughout the UK and are proud of the empathetic service we deliver.”

Visit https://claims.fscs.org.uk/ if you wish to make a claim with FSCS against any of these 15 firms. You can also contact our 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 on Twitter.

Declarations by FSCS between 1st and 29th February 2020:

Greater London

Hector McLean Financial Consultants, Barry House, 20-22 Worple Road, Wimbledon, London, SW19 4DH

N.J Associates, Manor House, 13 High St, Hampton, Middlesex, TW12 2SA

East Midlands

Knight Finance (European) Limited, 28 Carlton Avenue, Worksop, Nottinghamshire, S81 7JZ

Intuitive Financial Associates LLP, The Cornerhouse, Robey Close, Linby, Nottingham, NG15 8AA

West Midlands

Prime Mortgage Brokers Limited, 7 Upper High Street, Cradley Heath, West Midlands, B64 5HX

South East

Imperious Capital LLP, 17 Cosgrove Road, Old Stratford, Milton Keynes, MK19 6AG

Totus Capital Limited formerly STG Financial Services Limited t/a Totus Wealth Matters, Sovereign Court, 207 Witan Gate, Milton Keynes, MK92HP

PNG Enfield Limited, High Street, Waltham Cross, Hertfordshire, EN87BT

North East

Asset Independent Financial Advisors Limited t/a Asset IFA, Asset Independent Mortgages, Home Estate, West Court, Hesslewood Hall, Ferriby Road, Hessle, North Humberside, HU130LH

WJR Wealth Management Limited formerly Walker Johnston Robinson Limited, 11 Austin Boulevard, 9 Woolmans Close, Sunderland, SR52AL

North West

County Motors (Carlisle) Limited t/a Eden Commercial Services/Express Factors, Fairview House, Carlisle, Cumbria, CA1 1HP

Serenus Consulting Limited, 3 Portal Business Park, Eaton Lane, Eaton, Tarporley, Cheshire, CW69DL

Release Money Limited formerly Release Finance Limited, Release Finance Ltd, Bridge House, Bury, Lancashire, BL9 7HT

GPC SIPP Ltd formerly Guardian Pension Consultants Limited, Guardian House, Capricorn Park, Blakewater Road, Blackburn, Lancashire, BB15QR

Republic of Ireland

CBL Insurance Europe DAC, c/o Allied Risk Management Limited, 13 Fitzwilliam Street Upper, Dublin 2.

Media enquiries:

Email: publicrelations@fscs.org.uk

Catherine Goodier t: 020 7375 8631

James Tweed t: 020 7375 8646

Suzette Browne t: 020 7375 8633

Notes for editors

Read more about the remit of FSCS on our Notes for editors page.