On 11 September 2023, Independently East Ltd (IEL) entered compulsory liquidation following an application made by the Financial Conduct Authority (FCA). The Official Receiver has been appointed as liquidator.

IEL is a regulated firm which was authorised to provide financial advice.

Early in 2023, the FCA took action against IEL which meant that their accounts were frozen and their permissions to carry out regulatory activities were cancelled.

The Official Receiver has been appointed to wind up IEL for the benefit of its creditors and will be writing to all known creditors shortly to explain what this means and how to make a claim.

If you believe you have a claim against IEL then please contact the Official Receiver using the following contact details below:

Liquidators’ contact details

• Address: Official Receiver’s Office, Public Interest Unit, PO Box 16664, Birmingham, B2 2JQ
• Website: www.gov.uk/insolvency-service
• Email: piu.or@insolvency.gov.uk
• Telephone: 0300 6780 015

The Financial Services Compensation Scheme (FSCS) protects consumers when authorised firms fail. It is the compensation scheme for clients of UK authorised financial services firms.

If you are a client of IEL, you should visit FSCS’s website to find more details about how to claim for any losses incurred. The FSCS will investigate whether there are any claims that meet the qualifying conditions for compensation.

The FSCS has eligibility criteria both in respect of the people and businesses who are covered. For eligible clients, the FSCS will consider claims for unsuitable advice, and any other eligible claims against the firm, up to a total of £85,000.