FSCS website
Wednesday, 18 December 2024 12:27
13 firms declared in default in 2 months
The FSCS has today published details of the 13 regulated firms declared in default in the last two months and revealed details of the top 5 firms - in terms of compensation paid out - so far this year.
A declaration of default means the firms have gone out of business and are unable to meet claims themselves.
The default declaration also means at least one successful claim has been upheld against each firm.
The Financial Services Compensation Scheme (FSCS) is the industry-funded safety net for consumers when regulated firms fail.
Tina Coates, chief communications officer at FSCS, said: “FSCS is here to protect consumers across the UK and help maintain trust in the financial services sector.
"We support customers from all walks of life. We are a free and independent service that customers can claim directly with. We work hard to ensure people get the compensation they’re due, while continuously working to improve our service and claims processes.”
Defaults declared by FSCS from 1 Oct 2024 to 30 Nov 2024 (13 firms):
|
Firm |
Address |
Date declared in default |
|
Advice & Wealth Management Solutions LLP (FRN 599263) |
2 Bethesda Grove, |
07/10/2024 |
|
Inter-UK Financial Services Limited t/a IUK Global, InterProtect, Casa Capital (FRN 198003) |
Pinecroft House, Churt Road, Hindhead, Surrey, GU26 6PD. |
08/10/2024 |
|
European American Capital Services Limited (FRN 401897) |
3rd Floor Marvic House, Bishops Road, London, SW6 7AD. |
22/10/2024 |
|
Chesterton Grant Limited (FRN 408148) |
1 The Courtyard Connahs Quay Road, Northop Mold, Flintshire, CH7 6BT. |
24/10/2024 |
|
Carl Julian Hanson t/a Bright Future (FRN 479765) |
2 Cathedral Road, Derby, DE1 3PA. |
25/10/2024 |
|
Frobisher Capital Limited (FRN 583211) |
269 Farnborough Road, |
29/10/2024 |
|
LEBC Group Limited t/a The Care Adviser, The Retirement Adviser, Corporate Healthcare Solutions (FRN 760755) |
LEBC Group Limited, City Tower, Piccadilly Plaza, Manchester, M1 4BT. |
29/10/2024 |
|
Intelligent Wealth Management Partnership Limited t/a IWMP (FRN 527010) |
6 Green Lane, Wall Near Lichfield, Staffordshire, WS14 0AS. |
30/10/2024 |
|
Charterhouse (Chester) Limited t/a Charthouse Asset Management - AR for TenetConnect Limited (FRN 191421) |
12-14 Manor House Mews, St Mary's Street, Newport, Shropshire, TF10 7AB. |
12/11/2024 |
|
Eunisure Limited ta Hawkedon Health, Eunisure Commercial & General, Dunn & Co (FRN 485047) |
Unit 3, Newmarket House, 99 Fordham Road, Snailwell, Newmarket Suffolk, CB8 7NB. |
14/11/2024 |
|
Norrix Financial Services Limited formerly RNAMK Limited (FRN 224577)
|
29 North Thirteenth Street, Central Milton Keynes, Milton Keynes, MK9 3NR. |
19/11/2024 |
|
Gainsborough Financial Services (FRN 145971)
|
Brooklands Court, Tunstall Road, Leeds, West Yorkshire, LS11 5HL. |
25/11/2024 |
|
Intelligent Money Limited (FRN 219473)
|
The Studio Saint Nicholas Close, Elstree, Hertfordshire, WD6 3EW. |
28/11/2024 |
Source: FSCS
So far, this financial year (from 01/04/2024) the FSCS has declared 36 firms in default.
Top 5 in terms of compensation paid out (by the end of November, for financial year from 1 April):
|
Firm |
Date declared in default |
Compensation paid at 30/11/2024 |
|
Alexander David Securities Limited (FRN 469150) |
30/04/2024 |
£4.5m |
|
Castle & Crystal Credit Union Limited (FRN 213711) |
21/05/2024 |
£2.4m |
|
Haich & Associates Limited (FRN 791582) |
11/06/2023 |
£700,000 |
|
Charterhouse (Chester) Limited (FRN 191421) |
12/11/2024 |
£100,000-£200,000 |
|
Atlantic Investors (Scotland) Limited (FRN 182565) |
19/04/2024 |
£100,000-£200,000 |
Source: FSCS
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