Financial Services Compensation Scheme (FSCS) confirms seven firms have been declared in default in August and September 2022.
This means they have gone out of business and are unable to meet any claim themselves.
Customers who are owed money can make a claim via the UK lifeboat scheme.
Lila Pleba, FSCS chief communications officer, said: “Between April and the end of August this year, the FSCS processed 67,162 claims, paying customers around £184m ($209m, €210m) 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 firms defaulted include:
- Birmingham Inner Circle Community Credit Union – Birmingham;
- Daniel Stewart & Company – formerly Oval Ltd (trading as Daniel Stewart & Company Ltd) – London;
- FSP Ltd – London;
- Gloucestershire Credit Union Ltd – Gloucester;
- Mercia Financial Planning Ltd – Warwickshire;
- Nationwide Benefit Consultants Limited (also trading as The Pension Reporter) – Worcestershire; and
- Trust Financial Consulting Ltd – Devon.
