FSCS in-default register

Binary Financial Services Limited

Declared in default2 August 2012FRN 490233

What this means for you

Because Binary Financial Services 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

Binary Financial Services Limited, which operated under FRN 490233, was declared in default by the Financial Services Compensation Scheme (FSCS) on 2 August 2012. The firm's product type information is not specified in available records. Eligible consumers may be entitled to FSCS compensation, though the applicable limit depends on the category of financial product involved in their claim.

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.