FSCS in-default register

Yellowsport Trading Limited (t/a Motoroptions)

Declared in default8 March 2011FRN 313452

What this means for you

Because Yellowsport Trading Limited (t/a Motoroptions) 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

Yellowsport Trading Limited, which traded as Motoroptions under Financial Services Authority registration number 313452, was declared in default by the Financial Services Compensation Scheme on 8 March 2011. The firm's primary product offerings could not be determined from available records. Eligible customers may be entitled to FSCS compensation of up to £85,000 for qualifying claims, depending on the product category involved.

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.