FSCS in-default register

Raedex Consortium Ltd, trading as Wheels4Sure, Rent2OwnCars

Declared in default30 April 2025FRN 668924

What this means for you

Because Raedex Consortium Ltd, trading as Wheels4Sure, Rent2OwnCars 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

Raedex Consortium Ltd, which operated under the trading names Wheels4Sure and Rent2OwnCars (FRN 668924), was declared in default by the FSCS on 30 April 2025. The firm provided investment advice and operated unregulated collective investment schemes. Eligible customers may claim compensation of up to £85,000 under FSCS protection for investment products.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.