Strand Consumer Update

28th March 2018

The Financial Services Compensation Scheme (FSCS) declared Strand Capital Limited in default last year (17th May 2017). Since then we have been working closely with Smith & Williamson, the joint special administrators on the arrangements for returning cash and assets to Strand’s customers. In respect of returning client cash we anticipate making the first payments during the course of April or May 2018.

Go to the Strand customers page for the latest updates.

Further information is also available on the joint special administrators’ website: http://www.smithandwilliamson.com/strand-capital-limited.

Meanwhile customers may contact Smith and Williamson by telephone on 020 7131 8452 or email at strandcapital@smithandwilliamson.com

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.