The Financial Services Compensation Scheme has declared 16 failed financial advisory firms in default, paving the way for consumers to receive compensation.

Since being set up by the government in 2001, the FSCS has paid out a total of £26bn in compensation to over 4.5m people. The FSCS is the UK’s statutory compensation scheme for protecting customers of regulated financial services firms. A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it. This allows customers of that firm to make a claim for compensation.

Mark Oakes, head of communications at the FSCS, said: “FSCS protects consumers around the UK when authorised financial services firms go bust. It protects your deposits, investments, home finance and insurance, and it’s free for consumers to use. Our message to anyone who believes they may be owed money as a result of their dealings with any of these firms is please get in touch as we may be able to help you.”

Claims can be made by contacting the Customer Services Team on 0800 678 1100 or 020 7741 4100. They can also be emailed at This email address is being protected from spambots. You need JavaScript enabled to view it..

Declarations by the FSCS from 1 October to 31 October 2016

LONDON
Investments
Beta 2 Limited, THE BROADGATE TOWER, FLOOR 12, 20 PRIMROSE STREET, LONDON EC2A 2EW

MIDLANDS
General Insurance
Erdington Motors Company Limited (formerly www.Guaranteed-Car-Finance.co.uk), 637 KINGSBURY ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS B24 9PP
Hayburn Rock Associates Limited, UNIT 2 ST. JAMES COURT BRIDGNORTH ROAD, WOLLASTON, STOURBRIDGE, WEST MIDLANDS DY8 3QG

NORTH WEST
Investments
HBS (Financial Planning) Limited, UNIT 4 THE PAVILLIONS, AVROE CRESCENT, BLACKPOOL, LANCASHIRE FY4 2DP
General Insurance
Moneycall Limited, 6th FLOOR, KINGSGATE HOUSE, WELLINGTON ROAD NORTH, STOCKPORT, CHESHIRE SK4 1LW
Life and Pensions
WJA Financial Services Limited, THE EXCHANGE, LONSDALE STREET, CARLISLE, CUMBRIA CA1 1BZ

NORTH EAST
Investments
Key Financial Services, 25 LYNDHURT GROVE, LOW FELL, GATESHEAD, TYNE AND WEAR NE9 6AX

SOUTH WEST
General Insurance
CSM Weston Limited T A Uphill Motor Company, UPHILL VAUXHALL, 74 WINTERSTOKE ROAD, WESTON-SUPER-MARE, AVON BS23 3YG
Option 1 Mortgages Limited, PO BOX 335A, SHEFFIELD, SOUTH YORKSHIRE S8 9WT
Rossbank Insurance Services Limited (formerly Paymentshield Introducers limited), ST JAMES HOUSE, ST JAMES SQUARE, CHELTENHAM, GLOUCESTERSHIRE GL50 3WD
Investments
Mr Marco Pietropoli, 67 FEBSHURST GARDENS, LONG ASHTON, BRISTOL, AVON BS41 9AX
The Oakdene Practice, REDLAND HOUSE, 157 REDLAND ROAD, REDLAND, BRISTOL, SOMERSET BS6 6YE
Home Finance
Stuart Black Limited, SUITE 55, BAILDON MILLS, NORTHGATE, BAILDON, SHIPLEY, WEST YORKSHIRE BD17 6JX

SOUTH EAST
Life and Pensions
London & Shires Insurance Service, INVESTMENT HOUSE, 19 GOSBROOK ROAD, CAVERSHAM, READING, BERSKSHIRE RG4 8BT

WALES
General Insurance
Paul Davies, 2 PARK TERRACE, TRELEWIS, MID GLAMORGAN CF46 6BT

SCOTLAND
General Insurance
Moneywise Financial Advisors Limited, 3 EAST CHURCH STREET, BUCKIE AB56 1EX