FSCS confirms five firms were declared in default in June and July 2025
FSCS has confirmed that the five firms below were declared in default in the last two months – which means they have gone out of business and are unable to meet any claims themselves.
Customers who may be owed money by these firms can find out how to make a claim by visiting the FSCS website.
If a regulated financial firm is no longer trading and cannot pay a customer’s claim, FSCS can step in to pay compensation if certain requirements are met.
We’re independent and our service is free to customers. Our protection covers money held in bank, building society and credit union accounts. FSCS also protects pensions, financial advice, insurance, investments, mortgage advice and arranging, debt management and funeral plans.
Andrew Bower, Head of Customer Support at FSCS said: “No matter what your personal situation is, we know that losing your money when a financial firm fails can be incredibly stressful. That’s why we aim to make it as quick and easy as possible for customers to make a claim via our online claims service. Our customer support team is also readily available to help at every stage of the process.”
Visit our website if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on 0800 678 1100, or by email at enquiries@fscs.org.uk.
For the latest FSCS news and information visit www.fscs.org.uk or follow @FSCS on X (Twitter).
Defaults declared by FSCS from 1 June to 31 July 2025 (five firms):
|
Firm |
Address |
Date declared in default |
|
(FRN 589116) |
29 Middlegate, Loansdean, Morpeth, Northumberland, NE61 2DD |
04/06/2025 |
|
Christopher Barker, trading as Apollo Pension & Investment Advisers (FRN 470611) |
Unit 4B, Christchurch House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX |
06/06/2025 |
|
(FRN 131372) |
Unit 35, Basepoint Business Centre, Metcalf Way, Crawley, RH11 7XX |
15/07/2025 |
|
Forthplus Pensions Limited formerly Athena Pensions Ltd, Helium Miracle 119 Ltd (FRN 653170) |
Elma House, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YG |
22/07/2025 |
|
Corporate & Professional Pensions Ltd (FRN 465748) |
Unit 23, 15 Jubilee Close, Weymouth, Dorset, DT4 7BS |
25/07/2025 |
Of the 17 firms FSCS has declared in default this financial year, the top eight in terms of compensation paid out by FSCS (at the end of July) are shown in the following table, with four firms paying out £50,000-£100,000.
|
Firm |
Date declared in default |
Compensation paid at 31/07/2025 |
|
Raedex Consortium Ltd |
30/04/2025 |
£1.6m |
|
Facet Investment Management Ltd, formerly Financial Advisors to Consultants Engineers and Technologists Ltd (FRN 131372) |
15/07/2025 | £210,000 |
|
Central Markets Investment Management Ltd |
28/05/2025 | £140,000 |
|
Attanta Ltd, formerly Neovision Wealth Management Ltd |
03/04/2025 |
£120,000 |
|
Christopher Barker trading as Apollo Pension & Investment Advisers (FRN 470611) |
6/06/2025 |
£50,000-100,000 |
|
Berkeley Jacobs Financial Services Ltd (FRN 158901) |
30/04/25 |
£50,000-100,000 |
|
Mr G and Mrs P Speller trading as Solutions Financial Services (FRN 457106) |
24/04/25 |
£50,000-100,000 |
|
Forthplus Pensions Ltd, formerly Athena Pensions Ltd, Helium Miracle 119 Ltd (FRN 653170) |
22/07/25 |
£50,000-100,000 |
We also continue to pay compensation for claims relating to failures declared in previous financial years. We provide full updates on our compensation figures in our regular industry publications which you can find on our website.
Media enquiries:
Email: publicrelations@fscs.org.uk