UK FSCS Confirms Nine Firms in Default in June and July 2021

The Financial Services Compensation Scheme (FSCS), the UK's statutory Deposit insurance and investors compensation scheme, has declared 9 firms in default from 1 June to 31 July 2021, which is less than the figure of the prior two months.

According to the institution, people who have dealt with any of the 9 firms and believe they are owed money as a result, can now make a claim to the FSCS.

“We are reaching out to let people know that compensation may be available if they have suffered losses due to the failure of a financial services firm. We are a free and independent service and customers can claim directly from us,”James Darbyshire, Chief Counsel at FSCS said.

The 9 firms confirmed to be in default after FSCS' investigations include the following:

• ​Capital Asset Management Ltd, formerly HSJ Asset Management Limited (FRN 503091), Goldfields House, 18A Gold Tops, Newport, South Wales NP20 4PH.

• ​Gateway Home Loans Ltd (FRN 475301), 101 Alfreton Road, Nottingham, Nottinghamshire NG7 3JL.

• ​Independent Financial Matters Ltd, trading as Unite Financial Services (FRN 565401), 1 Radian Court, Knowlhill, Milton Keynes, Buckinghamshire MK5 8PJ.

• ​Karl Jones, trading as Total Financial Solutions (FRN 565890), Unit 4, The Beacon, Dafen, Llanelli, Carmarthenshire SA14 8LQ.

• ​Paradigm Financial Partners LLP (FRN 516430), 62 Drayton Road, Bletchley, Milton Keynes, Buckinghamshire MK2 3EW.

• ​Paxtons Insurances (FRN 140179), 25 The Calls, Leeds, West Yorkshire LS2 7EX

• ​Premiumwatch Financial Services Ltd, trading as PFS (FRN 470680), 27 Meadow Avenue, Goostrey, Crewe, Cheshire CW4 8LS.

• ​TFP (Life & Pensions) Ltd, trading as Medical & Professional (FRN 229766), Bridgefoot House, 159 High Street, Huntingdon, Cambridgeshire PE29 3TF.

• ​Westminster Financial Planning Ltd, formerly known as Westminster I.F.A. Ltd (FRN 191247), 15 Canada Square, London E14 5GL.