UK FSCS Confirms 7 Firms in Default from 1 August 2022 to 30 September 2022

The Financial Services Compensation Scheme (FSCS), the UK's statutory Deposit insurance and investors compensation scheme, has declared 7 firms in default from 1 August 2022 to 30 September 2022, which is more than the figure of the prior two months.

FSCS Chief Communications Officer, Lila Pleban said:"Between April and the end of August this year FSCS processed 67,162 claims, paying customers around £184m in compensation to get them back on track when financial firms have failed."

"Our highly skilled and experienced claims staff are ready to help people when a firm that owes them money stops trading. It's also easy for customers to claim directly, free of charge on the FSCS website."

The 7 firms confirmed to be in default after FSCS' investigations include the following:

• ​Birmingham Inner Circle Community Credit Union Ltd (FRN 213254) 224- Ladywood Community Centre, St Vincent Street West, Ladywood, Birmingham, B16 8RP

• ​Daniel Stewart & Company Plc, formerly Oval Ltd trading as Daniel Stewart & Company Ltd (FRN 145026) 33 Creechurch Lane, London EC3A 5EB

• ​FSP Ltd (FRN 607441) 20-22 Wenlock Road, London, N1 7GU

• ​Gloucestershire Credit Union Ltd (FRN 214254) The Gloucester Library, Brunswick Road, Gloucester, GL1 1HT

• ​Mercia Financial Planning Ltd (FRN 718251) Cranford North Street, Atherstone Warwickshire CV9 1JL

• ​Nationwide Benefit Consultants Limited t/a The Pension Reporter (FRN 624316) The Stirrups, Kidderminster Road, Cutnall Green, Droitwich Worcestershire WR9 0PW

• ​Trust Financial Consulting Ltd (FRN 401459) The Mount, 199 Beer Road, Beer, Seaton, Devon, EX12 2QB