Companies in default – 1st January to 28th February

The Financial Services Compensation Scheme (FSCS) has declared 24 UK financial firms in default, meaning that the FSCS is satisfied that these firms are unable to pay claims for compensation made against them.

This opens the doors for customers of that firm to make a claim for compensation to the FSCS. The full list of firms in default has been reproduced below.

January 2018


  • Broadgate Mercury Limited, 9 Devonshire Square, London, EC2M 4YF

South East 

  • Dormant 2017 Limited (formerly Spectrum Financial Services Limited), Regent House, Mitre Way, Station Approach, Battle, East Sussex, TN33 0BQ
  • ACS Used Car Trade Centre (t/a Acra Trading), 333 Millbrook Road, Southampton, Hampshire, SO15 0HW

South West

  • NHM Limited (t/a Exeter Daewoo), 8 Trusham Road, Marsh Barton Trading Estate, Exeter, Devon, EX2 8QH
  • Kingsland Financial Management LLP, 5 Portland Square, Bristol, Somerset, BS2 8RR

East of England

  • Quest Mortgage Solutions Limited, 8 Midland Way, Henlow, Bedfordshire, SG16 6FH
  • Total Wealth Solutions Limited, The Mansion House, Wrest Park, Silsoe, Bedfordshire, MK45 4HR

North West 

  • Simply Mortgages, 61 Hamilton Square, Birkenhead, Merseyside, CH41 5AT
  • The Ntrust Group Limited (formerly KBS Oakes Financial Planning Limited), Apartment 14, 1 Lloyds Street, Altrincham, Greater Manchester, WA14 2DD
  • Vitalaction Limited, 1 Allerton Road, Mossley Hill, Liverpool, Merseyside, L18 1LG
  • Hamilton Locke (Subsidiary) Limited (formerly Hamilton Locke & Co Limited), 1st Floor, Marsland House, Marsland Road, Sale, Cheshire, M33 3AQ
  • Alan Gregson & Company, 20 Long Meadow, Heswall, Wirral, Merseyside, CH60 8QQ


  • MAGIC Scotland Limited, Invercloy, 69 Round Riding Road, Dumbarton, Dunbartonshire, G82 2HX
  • Philpott Reed Partnership LLP, 1 Racecourse View, Ayr, Ayshire, KA7 2TS


  • Castle Court Consulting Limited, 3 Park Mews, Park Place, Cardiff, South Glamorgan, CF10 3DQ

February 2018

South East 

  • Fox and Co Limited, 2H3 Westmead House, Farnborough, Hampshire, GU14 7LP

South West 

  • S & R Motors Limited, A419 Calcutt, Swindon, Wiltshire, SN6 6JR
  • Advanced Financial Management (t/a Castle Asset Management), Crown Lodge, Crown Lane, Creech Heathfield, Taunton, Somerset, TA3 5EU


  • The FG (IFA) Limited (t/a PMI Independent Financial Advisers/The Financial Group), Unit 11, 33 Nobel Square, Basildon, Essex, SS13 1LT

East Midlands

  • Baker Wainwright Limited, 65 Heanor Road, Ilkeston, Derbyshire, DE7 8DY

West Midlands

  • Ocean Money (II) Limited (formerly Marlborough Loans Limited), Pacific House, Relay Point, Wilnecote, Tamworth, Staffordshire, B77 5PA

Important note: not to be confused with Ocean Finance which offers credit cards and mortgage / loan broking under the Ocean, Ocean Finance and Ocean Mortgages brands, based in Think Park, Mosley Road, Trafford Park, Manchester – this company is not in default.

Yorkshire and Humber 

  • Town & City (Financial Services) Limited (formerly Town & City Brokers Limited), Joliffe Cork & Co., 33 George Street, Wakefield, West Yorkshire, WF1 1LX

Northern Ireland

  • Kellands Nothern Ireland Limited (formerly Kelland Forster and Vallely Limited), 212-218 Upper Newtownards Road, Belfast, County Antrim, BT4 3ET
  • The Property Package t/a AA Mortgages, 9 St. Colmans Park, Newry, County Down, BT34 2BX

Of particular concern is the high proportion of firms from the North West region who were declared in default, including The NTrust Group Ltd, based in Altrincham.

If you feel that you have may have a claim against any of the above firms and would like us to look into the matter for you, please get in touch.

You can fill in our simple online enquiry form and one of our expert advisors will call you back to discuss your matter in more detail. Alternatively, you can call us on 01204 328 287 and we will be more than happy to discuss your queries.