FSCS in-default register

Nicholas Padden t/a Southernhays

Declared in default10 July 2006FRN 125363

What this means for you

Because Nicholas Padden t/a Southernhays 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

Nicholas Padden, trading as Southernhays (FRN 125363), a UK regulated financial-services firm, was declared in default by the Financial Services Compensation Scheme on 10 July 2006. The firm's specific product lines are not documented in available records. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the product category under which their claim falls.

Products this firm wrote

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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.