SRFM Limited formerly Paramount Financial Services Limited
What this means for you
Because SRFM Limited formerly Paramount Financial Services Limited 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
SRFM Limited, formerly known as Paramount Financial Services Limited (FRN 138008), has been declared in default by the Financial Services Compensation Scheme. The firm's regulatory status and specific financial products offered are not detailed in available records. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the product categories involved; eligible claims typically range from £85,000 for deposits and mortgages to £85,000 for investments or up to 90 percent of insurance-related losses depending on product type. The default was declared on 17 September 2014.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.