FSCS in-default register

Penfold Motors Ltd

Declared in default27 February 2017FRN 308721

What this means for you

Because Penfold Motors Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Penfold Motors Ltd (FRN 308721) has been declared in default by the Financial Services Compensation Scheme as of 27 February 2017. The firm's product types are not recorded in available regulatory data, limiting clarity on the specific financial services it provided. Former customers may be entitled to FSCS compensation, though the applicable limit depends on the product category involved.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.