FSCS opens door to compensation on 17 failed firms

The FSCA has declared 17 failed firms in default meaning that consumers could get back money they have lost as a result of their dealings with any of the firms. A declaration of default means the FSCS is satisfied the firms are unable to pay claims for compensation made against them. This paves the way for customers of those firms to make a claim for compensation. The firms were mostly declared in default during June and July.Mark Oakes, head of communications at FSCS, said: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. This vital and free service 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.” The firms declared in default stretch from Scotland to the South West and include financial advisory firms such as Financial Wisdom Limited of Leicestershire, a True Potential firm, DFM firm Strand Capital, insurance brokers and other financial businesses.Since its inception in 2001, FSCS has helped more than 4.5m people, paying out more than £26bn in compensation. Firms declared in default by FSCS in June and July LONDONStrand Capital Limited, 1 TUDOR ST, LONDON EC4Y 0AH (note: firm declared in default on 17 May 2017)CC Bikes Realisations Limited formerly Colin Collins Limited, 102-106 PINNER ROAD, HARROW, MIDDLESEX HA1 4JDF. White & Partners, 22 WHALEBONE LANE SOUTH, DAGENHAM RM8 1BJ Danesfield Securities Limited, 1st FLOOR, 44 WORSHIP STREET, LONDON EC2A 2EA MIDLANDSRock Capital Group Plc, SOVEREIGN COURT, WITAN GATE, MILTON KEYNES, BUCKINGHAMSHIRE MK9 2HPFinancial Wisdom Limited, 3RD FLOOR, 4 THE TERRACE, RUGBY ROAD, LUTTERWORTH, LEICS LE17 4BW Calland Insurance & Mortgage Services, 33 BEAUMONT FEE, LINCOLN, LINCOLNSHIRE LN1 1EZ NORTH WEST Neil Haworth, Esq. 420 WATERLOO ROAD, BLACKPOOL, LANCASHIRE FY4 4BL SOUTH EAST Cobra Giles Limited, 9-11 HIGH STREE, ALTON, HAMPSHIRE GU34 1AWMaitland Finance Company, VICTORIA HOUSE, 25 QUEEN STREET, HENLEY-ON-THAMES, OXFORDSHIRE RG19 1AR Vima Insurance Services Limited formerly Vima (Insurance Brokers) Limited, 208 DEVONSHIRE WAY, CROYDON, SURREY CR0 8BXThe Platinum Partnership Limited, 44 BATHURST WALK, IVER, BUCKINHAMSHIRE SL0 9BHE Brammah (deceased) t/a Brammah Insurance Consultants, GLEBE HOUSE, UPPER CHUTE, ANDOVER SP11 9EG SOUTH WESTVickring Limited, RENWICKS GARAGES, 13 MARSH BARTON ROAD, MARSH BARTON TRADING ESTATE, EXTER, DEVON EX2 8NUSeward (Wessex) Limited, 400 POOLE ROAD, BRANKSOME, POOLE, DORSET BH12 1DD WALESBright Financial Associates Limited, SJUITE J, JR HOUSE D6, MAIN AVENUE, TEFOREST INDUSTRIAL ESTATE, PONTYPRIDD, MID GLAMORGAN CF37 5UR SCOTLANDMedical and Professional Financial Management, 33 MELVILLE ST, EDINBURGH, MIDLOTHIAN EH3 7JF

FSCS opens door to compensation on 17 failed firms

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