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  • Writer's pictureShashin Patel

Have You Invested With One of These Six Financial Firms Who Have Been Declared In Default ?

Updated: Jan 25, 2019

From the 1st December 2018 to 31st December 2018 the FSCS ( Financial Services Compensation Scheme ) made declarations stating the following six financial firms have been declared in default.

Firms in default

  1. Gann Management Limited

  2. HBFS Financial Services Limited

  3. Plymouth Caravan Centre Limited

  4. Seren Independent Advisers Limited

  5. Turnpike Motors Limited Formerly Motor Range Limited

  6. Well Alley Limited Formerly Blue Finance Limited / CV Revolution Limited / Speed 8196 Limited

If you have invested using any of the above named firms then you could be in line for compensation.

For those of you who don't know a declaration of default means the FSCS has determined and is satisfied that a firm is unable to pay claims for compensation made against it.

Seeing a firm you have invested your hard earned savings and money into being declared in default can be devastating for consumers, it may make your heart skip a beat to think my money / pension savings has all gone, what do I do next......

That is why FSCS is like a beacon of hope for consumers, as they step in to protect the consumers around the UK when authorised financial services firms go bust.

Since the FSCS began in 2001, they have helped more than 4.5 million people, paying out more than £26bn in compensation to consumers.

Check to see if you could be in line for compensation if you have invested with any one of the six firms above.

You can do this by obtaining a solicitor or going to a claims management company for help.

Amit Patel, Strax Capital Legal Limited

If you have a query, need some help, please don’t hesitate to get in touch at info@straxcapital or call us on 02031517150.



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