Firm news
Warning - Diamond Lifestyle Limited
17/6/2008
Diamond has stopped trading and is in the process of appointing an administrator or liquidator. Mortgage and general insurance customers should check they have valid cover in place.
Ideal Insurance Services
11/4/2008
Customers should check they have valid cover in place because Ideal did not always pass on premiums and sometimes cancelled policies without notice.
Square Mile Securities
2/4/2008
Asher Miller FCA, of David Rubin & Partners, has been appointed as liquidator to Square Mile Securities following a creditors' meeting on Friday 28 March 2008.
Warning – Orion Direct and Peppercom
25/3/2008
We believe general insurance premiums were not always passed on to insurers, so some customers of these firms (or their appointed representatives) may not have valid cover in place.
Warning 2 – Christian Orpin trading as PDS Business Finance
25/3/2008
The sale of Orpery Limited's property portfolio will complete soon, but the process for repaying monies to investors may still take a long time.
Warning – Ethnic Mutual Limited
14/3/2008
We have suspended the registration of Ethnic Mutual Limited for three months, effective 14 March 2008. Ethnic Mutual is an exempt charity registered with us as an Industrial and Provident Society.
Rocky Mountain Gold Mining
6/3/2008
Customers persuaded by boiler rooms to invest £1.25m in two North America-based companies are entitled to a rare 90% refund after an investigation and swift action by the FSA and our Canadian counterparts.
Warning 3 – Henry Ofili & John Adams
28/2/2008
The Insolvency Service is now dealing with the financial affairs of Henry Ofili and John Adams, who may have traded as Adams & Adams Investment Services. This is an update to our previous warning articles.
Northern Rock Plc
17/2/2008
The Treasury, following consultation with the Bank of England and the FSA, has decided to bring forward legislation that will enable Northern Rock to be brought into temporary public ownership.
Warning – Flett Sinclair and Petsure
27/12/2007
Flett Sinclair Insurance Brokers and Petsure, both from Ilford, Essex have been stopped from trading. The director of both companies, Mr David Holland, is now banned from acting as an insurance broker.
Streetcred Credit Union Ltd
18/10/2007
Streetcred, a credit union based in Rochdale, has closed for business and can no longer trade. This means it cannot accept any more deposits, cannot make any new loans and cannot repay deposits to its members.
Victoria Mortgage Funding Ltd
10/9/2007
Victoria Mortgage Funding Ltd, based in London SE1, went into administration on 10 September 2007. KPMG have been appointed as Administrators.
Warning – Moreland Jones Insurance Services
3/9/2007
Moreland, which traded from Whitstable, Kent, has stopped trading and is now in liquidation.
Warning – David Brown Insurance Services Limited
21/2/2007
If you bought insurance through David Brown Insurance, trading from offices in Derby, your cover may no longer be valid.
Warning 1 – Christian Orpin trading as PDS Business Finance
17/1/2008
The FSA has obtained restraint and freezing orders against Christian Orpin (trading as PDS Business Finance), Michael Vickery and Orpery Limited.
Warning – DC & Co Insurance Consultants Limited
12/1/2007
DC & Co, which traded from Clifton, Bristol, has stopped trading and is now in liquidation.
Warning – Damak Group Limited
5/1/2007
Damak Group (a firm registered in St Lucia) is under police investigation.