Consumers could be in line for compensation after the Financial Services Compensation Scheme (FSCS) declared 15 firms in default including several Financial Planning businesses.

As a result of the company failures consumers could get back money they have lost as a result of their dealings with any of the 15 failed financial firms declared in default during November and December 2017.

A declaration of default means the FSCS is satisfied a firm is unable to pay claims for compensation made against it. This paves the way for customers of that firm to make a claim for compensation.

The FSCS is the UK’s statutory compensation scheme that protects customers of regulated financial services firms.

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.”

Since it began in 2001, the FSCS has helped more than 4.5m people, paying out more than £26bn in compensation.

Declarations by FSCS from 1 November to 31 December 2017:

LONDON

Nationwide Taxi Sale, 98 RAILWAY ARCHES, E2 6JG


Fairfax I.S. PLC, C/O BDO LLP, W1U 7EU


Alan Day (Holdings), 606 GREAT CAMBRIDGE ROAD, ENFIELD, EN1 3WX

WEST MIDLANDS


Foley Financial Services Limited, FINANCE HOUSE, 106 FOLEY ROAD WEST, B74 3NP

SOUTH WEST


George White Motors Limited, ATHENA AVENUE, ELGIN INDUSTRIAL AVENUE, SN2 8EJ

Knightsbridge Financial Management Limited, 9 LORD WILMOT HOUSE, CAVALIER COURT, SN14 6LH

SOUTH EAST


Approach (UK) Limited, NEW STREET, ANDOVER, SP10 1DS
J. Richfield Limited, 70 THE BROADWAY, CHESHAM, HP5 1EG


J. Richfield Limited, 70 THE BROADWAY, CHESHAM, HP5 1EG

Aspen Financial Planning Limited, 87 HOPEWEL DRIVE, CHATHAM, ME5 7NL

NORTH WEST


Bcf Solutions, 55 BACK LANE, WN6 9LH

Luapkram Limited (formerly Ashton Hoyle Limited), 7 PAYNTER CLOSE, BARROW, CLITHEROE, LANCASHIRE, BB7 9FA

NORTHERN IRELAND

M & P Financial Planning Limited, 12 DUNMORE STREET, BT52 1EL

WALES


Available Mortgages, 1 PRIORY VIEW, LANGSTONE, NP18 2NZ

Cumulus Investment Management Limited, REGUS HOUSE, MALTHOUSE AVENUE, CF23 8RU

Park Grove Financial Management Limited, MARINE DRIVE, 275 COWBRIDGE ROAD EAST, CF5 1JB