The Atherstone Garage & Electrical Company Ltd
What this means for you
Because The Atherstone Garage & Electrical Company Ltd 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
The Atherstone Garage & Electrical Company Ltd (FRN 314968) was declared in default by the FSCS on 15 April 2020. However, the firm's authorised product types are not specified in available records, making it unclear what categories of financial services it offered. Without confirmation of which regulated products the firm handled, the applicable FSCS compensation limits—whether £85,000 for investments, mortgages or deposits, or 90% for insurance claims—cannot be determined for affected customers.
Products this firm wrote
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.