The Financial Services Compensation Scheme has declared nine firms in default in the month to the end of July, including one mortgage broker.
The announcement paves the way for customers who are owed money by those firms or who have been mis-sold products to claim compensation.
Nottingham-based Gateway Home Loans was the only mortgage brokerage to be declared in default during the month.
Gateway’s offices were at 101 Alfreton Road, Nottingham, Nottinghamshire NG7 3JL and its registration number was 475301.
The other firms in default today are:
- Capital Asset Management Ltd, formerly HSJ Asset Management Limited (FRN 503091), Goldfields House, 18A Gold Tops, Newport, South Wales NP20 4PH.
- Independent Financial Matters Ltd, t/a (trading as) Unite Financial Services (FRN 565401), 1 Radian Court, Knowlhill, Milton Keynes, Buckinghamshire MK5 8PJ
- Karl Jones, t/a 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, t/a PFS (FRN 470680), 27 Meadow Avenue, Goostrey, Crewe, Cheshire CW4 8LS
- TFP (Life & Pensions) Ltd, t/a Medical & Professional (FRN 229766), Bridgefoot House, 159 High Street, Huntingdon, Cambridgeshire PE29 3TF
- Westminster Financial Planning Ltd, formerly known as Westminster IFA. Ltd (FRN 191247), 15 Canada Square, London E14 5GL
FSCS chief counsel James Darbyshire says: “FSCS was set up by Parliament in 2001 and we are here to contribute to financial stability in the UK.
“For the past 20 years we have been getting customers of failed authorised financial services firms back on track.
“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.”
