FSCS logo
Wednesday, 10 December 2025 09:23
13 firms declared in default by FSCS
The Financial Services Compensation Scheme (FSCS), the industry-funded consumer compensation body, declared 13 regulated firms in default between August and November, it reported today.
The firms have gone out of business and are unable to meet any claims themselves, the FSCS said.
The latest list includes several firms of financial advisers as well as investment firms and credit unions.
City-based investment firm Pello Capital (FRN 449720) was declared in default earlier this month.
In November Surrey-based financial adviser Independently East Limited (FRN 488046) was declared in default after the FSCS said it had received 10 claims against the firm, relating to general investment advice.
In October Scottish SIPP firm PTC Financial Advice (Scotland) Limited (FRN: 816036) was declared as failed after the FSCS said that it had received two claims against the Glasgow-based business.
Defaults declared by FSCS from 1 August to 30 November 2025 (13 firms):
|
Firm |
Address |
Date declared in default |
|
Pello Capital Limited formerly Cornhill Capital Limited (FRN 449720) |
7th Floor 10 Lower Thames Street London EC3R 6AF |
26/11/25 |
|
Independently East Limited (FRN 488046) |
74 Russell Road Walton-on-Thames Surrey KT12 2LA |
19/11/25 |
|
Tullycarnet Credit Union Limited (FRN 576218) |
Tullycarnet Resource Centre, Kinross Avenue, Dundonald, Down, BT5 7GE |
14/11/25 |
|
Cheshire Neighbours Credit Union Limited (FRN 215692) |
Third Floor, Delamere House, Delamere Street, Crewe, CW1 2JZ |
21/10/2025 |
|
PTC Financial Advice (Scotland) Limited (FRN 816036) |
90 Grahams Road, Falkirk, Scotland, FK2 7DL |
20/10/2025 |
|
Peter Kettell IFA (FRN 209563) |
46 Mowson Lane, Worrall, Sheffield, South Yorkshire S35 0AJ |
17/10/2025 |
|
Arthur Temlett t/a Abacus Insurance Consultants (FRN 118204) |
174 Irish Street Dumfries Dumfriesshire DG1 2NJ |
16/10/2025 |
|
Premier Insurance Company Limited (FRN 494111) |
Majestic Ocean Plaza First Floor, Ocean Village, Gibraltar, Gibraltar, GX11 1AA |
14/10/2025 |
|
Gallery Finance Limited (FRN 659898) |
57 Wheelock Street Middlewich Cheshire CW10 9AB |
9/10/2025 |
|
TenetConnect Services Limited formerly The M & E Network Ltd t/a Future Fin (FRN 150643) |
Network House, 5 Lister Hill Horsforth Leeds West Yorkshire LS18 5AZ |
6/10/2025 |
|
London Court Limited t/a My Investment Hub, Venicap (FRN 146522) |
Vicarage House, 58/60 Kensington Church Street London W8 4DB |
3/10/2025 |
|
Greenhill (Life & Pensions) Limited formerly Greenhill (Life & Pensions Brokers) Limited (FRN 126761) |
9 Millar Court 43 Station Road Kenilworth Warwickshire CV8 1JD |
2/09/2025 |
|
Waltham Forest Council Employee Credit Union Ltd (FRN 213408) |
Room 202, 313 Billet Road, London, E17 5PX |
19/08/2025 |
Anyone who may be owed money by these firms can find out how to make a claim by visiting the FSCS website at www.fscs.org.uk/making-a-claim/.
The FSCS said it also continues to pay compensation for claims relating to failures declared in previous financial years.
The FSCS declared five regulated firms in default in June and July.
Tina Coates, chief communications officer at FSCS said: “FSCS is here to protect consumers across the UK and to contribute to financial stability. As a trusted compensation service we help people feel confident their money is safe.
“Our free and independent service helps people get back on track when financial firms fail. It is quick and easy to make a claim online and there is help available from our expert claims handlers if customers need it.”
Promote your vacancy to thousands of professionals on Financial Planning Jobs
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.
Offer: Use code 'FPJSaver10' on checkout to save 10% on your listing. Click for details:jobs.financialplanningtoday.co.uk/
This page is available to subscribers. Click here to sign in or get access.