FSCS declares 13 firms in default in December and January
The UK Financial Services Compensation Scheme (FSCS) confirms that 13 firms were declared in default in December 2022 and January 2023.
These firms have gone out of business and FSCS believes they are unable to meet any claims themselves. This means that any customers who are owed money by them can see how they’re protected by visiting FSCS here – https://www.fscs.org.uk/what-we-cover/.
If a regulated financial firm is no longer trading and can’t pay a customer’s claim, FSCS can step in to pay compensation.
Declarations by FSCS from 1 December 2022 to 30 January 2023:
- Better Retirement Group Ltd formerly Directly Financial Ltd, Financial Strategy Ltd (FRN 153420) 400 pavilion drive Northampton NN4 7PA
- Aquila Financial Services (FRN 539133), 9 Regent Street, Barnsley, South Yorkshire, S70 2EG
- Broadgate Financial Management LLP (FRN 589112), 23 The Green, 1st Floor Broadgate House, Billingham, TS23 1ES
- Cadogan Asset Management Limited (FRN 749342), 85 Great Portland Street, London, W1W 7LT
- Midhurst Asset Management Limited (FRN 154333), 3 St John’s Church Road, Homerton, London, E9 6EJ
- Braemar Wealth Management NW Limited (FRN 425022) 95A Wood Lane, Timperley, Altrincham, WA15 7PG
- Nurture Financial Planning Limited t/a Premier IFA Limited (FRN 496332), Lawrence House, 5 St. Andrews Hill, Norwich, Norfolk, NR2 1AD
- Vintage Investment Services t/a Vintage, Vintage Protect, Vintage Mortgages (FRN 142806) Vintage House, 3a Lockheed Court, Stockton-on-tees, Cleveland, TS18 3SH
- Plan Your Retirement Limited (FRN 476475) 1st Floor, 10 Church St, Kidderminster DY10 2AD
- A+ Financial Services Limited t/a aplus independent financial advice, Grosvenor Trust & Saving, aplus (FRN 222159) Unit 16 Sovereign Park, Cleveland Way Hemel Hempstead Industrial Estate Hemel Hempstead Hertfordshire HP2 7DA
- FSC Investment Services Limited formerly Ashwood Wealth Management Limited (FRN 441650), 264 Banbury Road, Oxford, OX2 7DY
- Craig Mitchell t/a Craig Mitchell Personal and Corporate Financial Planning (FRN 624013), 4 Abbotsford Lane, Hamilton, ML30RR
- Premier Wealth Management Harrogate Limited (FRN 752619), Afh House, Buntsford Drive, Stoke Heath Bromsgrove, B60 4JE
Fiona Kidy, FSCS’s Chief Financial Officer said:
“Customers of financial firms that have failed or are no longer trading can make a claim to us and we’ll do all we can to compensate them. Our service is free, and customers keep all the compensation they’re due if they claim directly with us. So far this financial year FSCS has handled over 90,000 claims.”
Visit https://claims.fscs.org.uk/ if you wish to make a claim with FSCS against any of these firms. You can also contact our Customer Services Team on 0800 678 1100 or 020 7741 4100, or by email at enquiries@fscs.org.uk.