A Financial Planning firm based in Ellesmere Port, Merseyside, has failed after a claim against the firm was upheld this week by the Financial Services Compensation Scheme.
The FSCS has declared Avonbrook Financial Management Ltd, trading as Avonbrook Pensions, Investments & Mortgages in default, opening the door to ex-clients with successful claims to seek up to £85,000 in compensation.
The declaration of default implies that the firm (FRN: 563220) does not have sufficient resources to meet the cost of the claim.
Avonbrook Financial Management is no longer trading and FCA records show the firm ceased trading in 2023. Companies House show the firm has been dissolved.
The FCA register shows that six regulated individual worked for the firm with Kevin James Williams and Paul Connor as CF1 directors, a senior level role.
An FSCS spokesperson said that Avonbrook Financial Management Ltd, trading as Avonbrook Pensions, Investments & Mortgages, was declared in default yesterday with one upheld claim relating to Life Distribution, Pensions & Investment Intermediation. The claim has now been upheld triggering the default declaration.