FSCS in-default register

Michael Lee and Company Limited

Declared in default26 October 1998FRN 121299

What this means for you

Because Michael Lee and Company 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

Michael Lee and Company Limited (FRN 121299) was declared in default by the Financial Services Compensation Scheme on 26 October 1998. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation, though the applicable limits depend on the financial products involved; typically £85,000 for investments, mortgages, or deposits, or 90 per cent of claim value for insurance products without a defined cap.

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.