FSCS in-default register

New Mersey Motor Co Ltd

Declared in default18 March 2020FRN 311049

What this means for you

Because New Mersey Motor Co 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

New Mersey Motor Co Ltd (FRN 311049), a UK-regulated financial services firm that offered payment protection insurance claims handling services, was declared in default by the Financial Services Compensation Scheme on 18 March 2020. The firm had provided assistance with PPI claims to consumers. Former customers may be entitled to FSCS compensation of up to 90% of their claim value with no upper limit.

Products this firm wrote

Ppi Claims

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.