FSCS declared 35 firms in default between Aug and Oct

21 Nov 2019 02:50 PM

Consumers could be in line for compensation

The Financial Services Compensation Scheme (FSCS) declared 35 failed regulated firms in default between 1st August and 31st October 2019, 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.

Caroline Rainbird, FSCS’s Chief Executive, said: “FSCS’s role is to help people who have lost money as a result of doing business with an authorised firm if that firm is unable to meet claims made against it. The existence of FSCS helps to instil confidence in the financial services sector by ensuring customers can get the compensation they are entitled to when a firm fails. This vital service, which is free to consumers, protects deposits, insurance, investments, home finance and debt management. 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 any of these firms, you may be able to do so using FSCS’s online claims service. 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.

August 2019 – 13 firms

Greater London

• Advanced Vehicle Sales Limited, 5-7 Clarence Road, London N22 8PG
• FIXI Plc, Atlas House, 1-7 King Street, London, EC2V 8AU
• Rex Judd Limited, 415 Burnt Oak Broadway, Edgware, Middlesex HA8 5AH
• Valiant Financial Consultants Limited, Valiant House, 12 Knoll Rise, Orpington, Kent BR6 0PG
• Wheelpower Bike Centre Limited t/a Aprilia Wheel-Power, 264 Grand Drive, London SW20 9NE

South East

• Burnham Garage Limited t/a Burnham Hyundai, Burnham Vauxhall, Burnham Suzuki, Windsor Vauxhall, 87-89 Farnham Road, Slough, Berkshire, SL1 4UN

East of England

• Eastern Direct Finance, 4 Redwing Drive, Stowmarket, Suffolk IP14 5FN

East Midlands

• Steptime Limited t/a Peter Brooks Honda, 918-920 Chesterfield Road, Sheffield, South Yorkshire, S8 0SH
• Taz Motorcycles Limited, 93 Queen Street, Sheffield, South Yorkshire, S1 1WF

West Midlands

• Colmore Cars (2000) Limited t/a Colmore 2000, 1163 Chester Road, Erdington, Birmingham, West Midlands, B24 0QY

North East

• N-Hanced LLP, 3 Carlton Court, Fifth Avenue, Team Valley, Gateshead, Tyne and Wear, NE11 0AZ

North West

• AETC Associates Limited, 106 Main Street, Wilsden, Bradford, BD15 0AB

Scotland

• Bellfield Financial Services Limited, formerly Kirkintilloch Insurance Services Limited, 23 Moncrieffe Avenue, Lenzie, Glasgow, G66 4NL

September 2019 – 13 firms

Greater London

• St Martin’s Partners LPP formerly CUOX LLP, Carter Clark Recovery House, 15-17 Roebuck Road, Hainault Business Park, Ilford, Essex, IG6 3TU
• Strathearn Insurance Services Limited t/a Strathearn Insurance, Suite 92, 100 Westminister Bridge Road, London, SE1 7XB

South East

• East Sussex Motor Centre, London Road, Uckfield, East Sussex, TN22 2EA
• Property Finance Solutions (UK) Limited, 18 Farncombe Close, Wivelsfield Green, Haywards Heath, West Sussex, RH17 7RA
• Southern Honda Limited, 27-43 Ifield Road, Crawley, West Sussex, RH11 7AT
• WSW Financial Services Limited t/a WSW Wealth Management Suite 2, 2nd Floor Phoenix House, Brighton, BN1 2RT

South West

• Bristol Finance & Warranty Limited, Glen Fern House, Carsons Road, Bristol, BS16 9LP
• Haxby’s of Plymouth Limited, 22-24 Valley Road, Plymouth, Devon, PL7 1RF

North West

• Blackstone Independent Financial Advisers Limited, 22b Station Road, Cheadle Hulme, Cheshire, SK8 7AB
• Financial Provision Solutions Limited formerly PSTG Solutions Limited, Belgrave Place, 8 Manchester Road, Bury, Lancashire, BL9 0ED
• Motormile Finance Limited formerly Index Link Limited, Hazelcroft, 322 Harrogate Road, Bradford, West Yorkshire, BD2 3TB

West Midlands

• CPPT Services Limited formerly Central Financial Planning Limited, 1 Dairy Barns, Nut Hurst Grange Lane, Hockley Heath, Solihull, West Midlands, B94 5NL
• Ask Finance Limited, Deloitte LLP, Four Brindley Place, Birmingham, West Midlands, B1 2HZ

October 2019 – 9 firms

South East

• Gowrings of Newbury Limited, The Triangle, Newbury, Berkshire, RG14 7HT
• KBW Associates Limited, The Joiners Shop, The Historic Dockyard, Chatham, Kent, ME4 4TZ

South West

• Gerard Associates Limited, c/o PCR (Bristol) LLP, The Basement, 77A Alma Road, Clifton, Bristol, BSB 2DP

East Midlands

• A. Vincent Limited t/a Ethical Investments Limited, Cedar House, 100 Whirlowdale Road, Sheffield, South Yorkshire, S7 2NJ
• First Rate Home Finance Limited formerly S&P Finance Limited, 17 Station Road, Hinckley, Leicestershire, LE10 1AW

North West

• Ormskirk Motors Limited t/a Ormskirk Vauxhall t/a Planet Finance, 20 Winmarleigh Street, Warrington, Cheshire, WA1 1JY

Wales

• Jacksons Cars Limited, Deloitte LLP, 5 Callaghan Square, South Glamorgan, Cardiff, CF10 5BT
• Ron Treherne IFA Limited, 15 Lon Werdd, South Glamorgan, Cardiff, CF5 4SS

Scotland

• A Millward & E Millward t/a City Gate Consultants, 85 Claremont Street, Lanarkshire, Glasgow, G3 7HU

Media enquiries
Anthony Ozimic
T 020 7375 8638
E: publicrelations@fscs.org.uk

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