Clients of the firms declared in default may be entitled to up to £50,000 in compensation if they have lost money as a result of their dealings.
Mark Oakes, head of communications at FSCS, said: “We have already started paying compensation in respect of these firms.
“However, we’re encouraging anyone else who believes they may be owed money through their dealings with one of these firms to contact our initial contact team if they have not yet applied for compensation.”
Any compensation paid out would fall on FSCS levy-payers, either through the annual levy or through a further interim levy.
The FSA recently began consulting on a new funding structure for the FSCS, which will see the annual cap on levies for investment intermediaries raised from £100m to £150m.
Firms declared in default by the FSCS:
Anson Bailey Limited – Manchester
GKS Pensions & Investments Limited – Leeds
Porchester Finance Limited – Loughborough
Sterling McCall Asset Management Limited, C/o Celerica LLP – Leicester
Genius Financial Management Limited – Solihull
P Arnold (deceased) (trading as P.J. Arnold, Esq.) – Hasbury,
Conforto Financial Management Limited – Hitchin
Temple Property Consultants Limited – Harpenden
Davis Druckman Financial Services Limited – London
Fidelity Consultants Limited – Bexhill-on -Sea
Global Finance Services Limited – Oxford
Gracechurch Investments Limited – London
Russell Westgate Securities Limited – London,
Shakespeare Finance Limited – London
Trevor Hubbard, Esq. – Chartham Hatch
Courts Independent Financial Management LLP – Cardiff
SD Asset Management Limited – Cardiff
Binary Independent Financial Advisors Limited – Glasgow
Intelligent Move Limited – Ayrshire
J Chiesa & C Chiesa (trading as Westwood) – Motherwell
Murtagh Baille Financial Services Limited (formerly Urwin Baille Financial Services Limited) – Belfast
