Consumers could be in line for compensation after FSCS declares 24 firms in default
16th March 2018
Consumers could get back money they have lost as a result of their dealings with any of the 24 failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default during January and February 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, Director of Corporate Affairs 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, investments, home finance and insurance. 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 one of these firms, you may be able to do so using its online claims service. Or you can contact its Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at firstname.lastname@example.org.
Declarations by FSCS
from 1st January to 28th February 2018
Broadgate Mercury Limited, 9 DEVONSHIRE SQUARE, LONDON, EC2M 4YF
Dormant 2017 Limited (formerly Spectrum Financial Services Limited), REGENT HOUSE, MITRE WAY, STATION APPROACH, BATTLE, EAST SUSSEX, TN33 0BQ
ACS Used Car Trade Centre (t/a Acra Trading), 333 MILLBROOK ROAD, SOUTHAMPTON, HAMPSHIRE, SO15 0HW
NHM Limited (t/a Exeter Daewoo), 8 TRUSHAM ROAD, MARSH BARTON TRADING ESTATE, EXETER, DEVON, EX2 8QH
Kingsland Financial Management LLP, 5 PORTLAND SQUARE, BRISTOL, SOMERSET, BS2 8RR
EAST OF ENGLAND
Quest Mortgage Solutions Limited, 8 MIDLAND WAY, HENLOW, BEDFORDSHIRE, SG16 6FH
Total Wealth Solutions Limited, THE MANSION HOUSE, WREST PARK, SILSOE, BEDFORDSHIRE, MK45 4HR
Simply Mortgages, 61 HAMILTON SQUARE, BIRKENHEAD, MERSEYSIDE, CH41 5AT
The Ntrust Group Limited (formerly KBS Oakes Financial Planning Limited), APARTMENT 14, 1 LLOYD STREET, ALTRINCHAM, GREATER MANCHESTER, WA14 2DD
Vitalaction Limited, 1 ALLERTON ROAD, MOSSLEY HILL, LIVERPOOL, MERSEYSIDE, L18 1LG
Hamilton Locke (Subsidiary) Limited (formerly Hamilton Locke & Co Limited), 1ST FLOOR, MARSLAND HOUSE, MARSLAND ROAD, SALE, CHESHIRE, M33 3AQ
Alan Gregson & Company, 20 LONG MEADOW, HESWALL, WIRRAL, MERSEYSIDE, CH60 8QQ
MAGIC Scotland Limited, INVERCLOY, 69 ROUND RIDING ROAD, DUMBARTON, DUNBARTONSHIRE, G82 2HX
Philpott Reed Partnership LLP, 1 RACECOURSE VIEW, AYR, AYSHIRE, KA7 2TS
Castle Court Consulting Limited, 3 PARK MEWS, PARK PLACE, CARDIFF, SOUTH GLAMORGAN, CF10 3DQ
Fox and Co Limited, 2H3 WESTMEAD HOUSE, FARNBOROUGH, HAMPSHIRE, GU14 7LP
S & R Motors Limited, A419 CALCUTT, SWINDON, WILTSHIRE, SN6 6JR
Advanced Financial Management (t/a Castle Asset Management), CROWN LODGE, CROWN LANE, CREECH HEATHFIELD, TAUNTON, SOMERSET, TA3 5EU
The FG (IFA) Limited (t/a PMI Independent Financial Advisers/The Financial Group), UNIT 11, 33 NOBEL SQUARE, BASILDON, ESSEX, SS13 1LT
Baker Wainwright Limited, 65 HEANOR ROAD, ILKESTON, DERBYSHIRE, DE7 8DY
Ocean Money (II) Limited (formerly Marlborough Loans Limited), PACIFIC HOUSE, RELAY POINT, WILNECOTE, TAMWORTH, STAFFORDSHIRE, B77 5PA.
Important note: not to be confused with Ocean Finance which offers credit cards and mortgage / loan broking under the Ocean, Ocean Finance and Ocean Mortgages brands, based in Think Park, Mosley Road, Trafford Park, Manchester – this company is not in default.
YORKSHIRE AND THE HUMBER
Town & City (Financial Services) Limited (formerly Town & City Brokers Limited), JOLIFFE CORK & CO., 33 GEORGE STREET, WAKEFIELD, WEST YORKSHIRE, WF1 1LX
Kellands Nothern Ireland Limited (formerly Kelland Forster and Vallely Limited), 212-218 UPPER NEWTOWNARDS ROAD, BELFAST, COUNTY ANTRIM, BT4 3ET
The Property Package t/a AA Mortgages, 9 ST. COLMANS PARK, NEWRY, COUNTY DOWN, BT34 2BX