BBNFS

13th September 2004

This is the current position

The Financial Services Compensation Scheme (FSCS) has declared Berry Birch & Noble Financial Services Ltd in default, which means that FSCS is satisfied the firm is unable to pay claims against it. A declaration of default opens the way for consumers to claim compensation from FSCS.

What to do if you have a claim:

  • Please outline the details of your claim in writing to:
    FSCS, 7th Floor, Lloyds Chambers, 1 Portsoken Street, London E1 8BN or contact us for advice.
  • You should also contact the liquidator to notify them that you may have a claim against this firm. They can be contacted at Vantis Business Recovery, Torrington House, 47 Holywell Hill, St Albans, Herfordshire, AL1 1HD.

How long will claims take to process?

Please be assured that FSCS is dealing with all claims as quickly as it can. Once a firm has been declared in default we generally aim to complete claims within six months of receiving a completed application form. However, we have recently experienced a large increase in the number of claims coming to the Scheme, which means that claims may take longer than this. We are also reliant on third parties for information, which can also delay things.

Any questions?

If you have any queries about your claim please contact us. However, if you have already lodged your claim, we would ask you to please be patient. We will be in touch as soon as we can.

Jargon Buster

  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.