FSCS in-default register

Leonard Grouse Associates Limited, subsequently known as Penad LG Limited

Declared in default21 April 2004FRN 139066

What this means for you

Because Leonard Grouse Associates Limited, subsequently known as Penad LG 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

Leonard Grouse Associates Limited, subsequently known as Penad LG Limited (FRN 139066), was declared in default by the Financial Services Compensation Scheme on 21 April 2004. The firm's product offerings cannot be determined from available records. Eligible customers may be entitled to FSCS compensation of up to £85,000 for deposits, £85,000 for mortgages, or £85,000 for investments, depending on the type of product held.

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.