Porchester Finance Limited
Declared in default18 July 2012FRN 303514
What this means for you
Because Porchester Finance 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
Porchester Finance Limited (FRN 303514) was declared in default by the FSCS on 18 July 2012. The firm's primary product types are not specified in available records. Former customers may be eligible for FSCS compensation, though the specific limits applicable depend on the financial products involved—typically £85,000 for deposits, investments, or mortgages, or 90% of losses without cap for insurance.
Products this firm wrote
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How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.