The seven were among fourteen businesses announced today as no longer being able to pay claims against them, according to the FSCS criteria.
The declaration has paved the way for customers of those firms to make a claim and the FSCS has already started paying compensation in relation to these.
{desktop}{/desktop}{mobile}{/mobile}
The firms in default, announced today:
Life and Pensions
Lampott Limited, formerly known as Lampott (Financial Services) Limited and also formerly as Robinson (Financial Services) Limited – based in Yorkshire
Chartwell Associates (IFA) Limited, based in Surrey
MLP Private Finance Plc (formerly Maschollek, Lautenschlager and Partners Private Finance Plc), based in London
Investments
Graham R Gomm Limited, based in West Midlands
Mortgage & Investment Solutions Limited T/A The Mortgage Store, based in Gasgow
Bluegrove Wealth Management Limited, based in Harpenden
Ingram Graham Limited, based in Cardiff
Mark Oakes, head of communications for FSCS, said: "FSCS protects consumers around the UK when authorised financial services firms go bust.
"It protects your deposits, investments, home finance and insurance, and it's free for individual consumers to use.
"Our message to anyone who believes that they may be owed money as a result of their dealings with any of these firms is please get in touch, as we may be able to help you."
Since inception FSCS has come to the aid more than 4.5m people, paying out more than £26bn in compensation."