Consumers could be in line for compensation after FSCS declared six firms in default.

They could get back money they have lost as a result of their dealings with any of the six latest failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default during December.

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, chief corporate affairs officer 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, 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 4.5 million people, paying out more than £26bn in compensation.

Declarations by FSCS from 1st to 31st December 2018:

• Gann Management Limited, Bank House Chambers, 44 Stockport Road, Romiley, Stockport, Cheshire, SK6 3AG

• HBFS Financial Services Limited, 3 Theobald Court, Theobald Street, Borehamwood, Hertfordshire, WD6 4RN

• Plymouth Caravan Centre Limited, Strode Road, Plymouth, Devon, PL7 4AY

• Seren Independent Advisers Limited, Fieldview, Alvescote Road, Black Bourton, Oxon., OX18 2PP

• Turnpike Motors Limited Formerly Motor Range Limited, Switch Cars, Dunnings Bridge Road, Bootle, Merseyside, L30 6YW

• Well Alley Limited formerly Blue Finance Ltd/CV Revolution Ltd/Speed 8196 Ltd, Victoria House, Stanbridge Park, Staplefield Lane, Staplefield, Haywards Heath, West Sussex, RH17 6AS