FSCS declares 30 firms in default between November and January

Consumers could be in line for compensation

The Financial Services Compensation Scheme (FSCS) declared 30 failed regulated firms in default between 1st November 2019 and 31st January 2020, which means consumers 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.

Jimmy Barber, FSCS’s Chief Operating Officer, said: “FSCS provides protection when firms fail, reassuring people and enabling them to buy regulated financial products with confidence. We help put people back on track by offering a claims service that is fast and easy for our customers to use, offering support when our customers need it. Our friendly, award-winning customer service team is here to help. We know it can be a difficult time, so our claim experts are on hand to support you at every stage of your claim. It’s completely free and we’ll tell you straight away if you’re eligible to make a claim online.”

If you wish to make a claim with FSCS against any of the 30 firms, you may be able to do so using FSCS’s online claims service, https://claims.fscs.org.uk/ 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 on Twitter.

Declarations by FSCS between 1st November 2019 and 31st January 2020:

North East

  • Prince Regent Cars formerly First Direct Car Centre Brunswick Court, Brunswick Street, Stockton-on-Tees, Cleveland, TS18 1DW

North West

  • B.Wilcock Insurance Bridgewater House, Suite 16, Surrey Road, Nelson, Lancashire, BB9 7TZ
  • NFS Mortgages Limited 275 Hawthorne Road, Bootle, Merseyside, L20 3AP.

Yorkshire and the Humber

  • Consumer Wealth Limited Bradford Chamber Business Park, New Lane, Laisterdyke, Bradford, West Yorkshire, BD4 8BX
  • Phoenix Financial Associates Limited The Toppits, Healey Road, Ossett, West Yorkshire, WF58LN

East Midlands

  • Benson McGarvey Murdoch 6 George Street, Nottingham, NG1 3BE
  • Elite Insurance Company Limited, Newton Chambers, Newton Business Park, Isaac Newton Way, Grantham, Lincolnshire, NG31 9RT
  • Horizon Stockbroking Limited 29 New Walk, Leicester, LE1 6TE

West Midlands

  • Adams Russell Limited 75 London Road, Newcastle-under-Lyme, Staffordshire, ST5 1ND
  • Anthony Feeney and John Bland t/a Anthony Feeney Financial Services Old Bank House, 50 St. Johns Close, Knowle, Solihull, West Midlands, B93 0NN
  • BlackStar Wealth Management Limited 17 Wrens Court, Lower Queen Street, Sutton Coldfield, B721RT
  • Hyrifa Limited t/a Save My Pension formerly Trueway Finance Limited Youell House, Hill Top, Coventry, Warwickshire, CV1 5AB
  • Transglobe Investments Limited Butcher Woods Ltd, 79 Caroline Street, Birmingham, B3 1UP

East of England

  • Day (Chelmsford) Limited t/a Days Of Chelmsford 74 Main Road, Broomfield, Chelmsford, Essex, CM1 7DH

Greater London

  • London Capital & Finance plc, c/o The Administrators, Smith & Williamson LLP, 25 Moorgate, London, EC2R6AY
  • NJ Associates Financial Services Limited 13 High Street, Hampton, TW12 2SA
  • Metropolis Motorcycles Limited 6263 Albert Embankment, London, SE1 7TP
  • Re-financial Planning Limited 843 Finchley Road, London, NW11 8NA
  • Sigma Financial Management Limited 75 Westow Hill, London, SE19 1TX

South East

  • CPI Services Limited Unit 1 Warwick Court, 3234 Leigh Road, Eastleigh, Hampshire, SO50 9DT
  • Facts & Figures Financial Planners Limited Stoke House, Church Road, Ashford, TN23 1RD

South West

  • Avalon Investment Services Limited c/o KPMG, 100 Temple Street, Bristol, BS1 6AG
  • CGFM Limited Exmouth Business Centre, 14 Hartley Road, Exmouth, Devon, EX82SG
  • Parklands Wealth Limited Suite 13, Badger House, Oldmixon Crescent, Weston-super-Mare, N. Somerset, BS249AY


  • Brixham Finance Limited formerly Lerwick Financial Solutions Ltd and Lerwick Financial Solutions PLC 55 Bridge Street, Usk, Gwent, NP15 1BQ
  • Economic Financial Solutions IFA Limited t/a Torch Wealth Management, JAG Protection Ty Menter, Navigation Park, Abercynon, CF45 4SN


  • Innovative Financial Services Limited t/a Gorcades Ltd and IFS Ltd 233 Union Grove, Aberdeen, AB10 6TF
  • Park Caledonia Capital Limited 7th Floor, 90 St Vincent Street, Glasgow, G2 5UB

Northern Ireland

  • JAS Financial Services Limited 2 General Steele Close, Ballycarry, Carrickfergus, BT38 9BF


  • Quick-Sure Insurance Limited P.O. Box 1338, 1st Floor, Grand Ocean Plaza, Ocean Village, GX11 1AA


Media enquiries:
Anthony Ozimic
t: 020 7375 8638,
e: publicrelations@fscs.org.uk

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