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Two mortgage firms declared in default by FSCS

  • 04/03/2020
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Two mortgage firms declared in default by FSCS
Two mortgage-related firms have been declared in default by the Financial Services Compensation Scheme (FSCS) alongside 28 other regulated businesses.


NFS Mortgages in Merseyside was dissolved as was London-based NJ Associates, which received complaints in relation to mortgage endowments. 

These failed regulated firms were declared in default between 1 November 2019 and 31 January 2020, meaning customers can now recover money lost as a result of dealings with any of the companies.

Jimmy Barber, FSCS’s chief operating officer, said: “FSCS provides protection when firms fail, reassuring people and enabling them to buy regulated financial products with confidence. We help put people back on track by offering a claims service that is fast and easy for our customers to use, offering support when our customers need it.” 


List of defaulted firms 

  • Prince Regent Cars formerly First Direct Car Centre 
  • J.B.Wilcock Insurance 
  • NFS Mortgages Limited 
  • Consumer Wealth Limited 
  • Phoenix Financial Associates Limited 
  • Benson McGarvey Murdoch  
  • Elite Insurance Company Limited 
  • Horizon Stockbroking Limited 
  • Adams Russell Limited 
  • Anthony Feeney and John Bland trading as Anthony Feeney Financial Services 
  • BlackStar Wealth Management Limited 
  • Hyrifa Limited trading as Save My Pension formerly Trueway Finance Limited 
  • Transglobe Investments Limited  
  • J.Day (Chelmsford) Limited trading as Days Of Chelmsford  
  • London Capital & Finance plc 
  • NJ Associates Financial Services Limited 
  • Metropolis Motorcycles Limited 
  • Re-financial Planning Limited 
  • Sigma Financial Management Limited 
  • CPI Services Limited 
  • Facts & Figures Financial Planners Limited 
  • Avalon Investment Services Limited  
  • CGFM Limited 
  • Parklands Wealth Limited 
  • Brixham Finance Limited formerly Lerwick Financial Solutions Ltd and Lerwick Financial Solutions PLC 
  • Economic Financial Solutions IFA Limited trading as Torch Wealth Management, JAG Protection  
  • Innovative Financial Services Limited trading as Gorcades Ltd and IFS Ltd  
  • Park Caledonia Capital Limited 
  • JAS Financial Services Limited  
  • Quick-Sure Insurance Limited 

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