The Financial Services Compensation Scheme (FSCS) announced that London-based Consero Capital LLP and Scotland-based Chryson Limited have failed.
According to the Financial Conduct Authority (FCA), investment firm Consero Capital has not been authorised since December 2019.
Companies House filings show that the firm was dissolved on 13 October 2020.
The FSCS told International Adviser that it has received 16 claims so far about the firm relating to investment bonds and secured bonds.
Nine claims are currently open and under assessment, six are at the application stage and one has been rejected.
The company was also known as Green-ifisa.com and Renewable-bonds.com.
Second failed firm
Investment firm Chryson Limited was also known as IQ Money, Chryson Wealth Management and Sharewatch UK.
It has not been authorised by the FCA since August 2022.
According to The Gazette, the firm went into liquidation in August 2022 as well.
The FSCS told IA it has received 14 claims about the company in relation to investment bonds, secured bonds and contracts for difference (CFD).
Some 12 claims are currently open and under assessment and two have been rejected.
