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Independently East Ltd

Under Investigation 11/09/2023

FRN: 488046

Independently East Ltd is a regulated firm which was authorised by the Financial Conduct Authority (FCA) to provide financial advice.

The firm entered compulsory liquidation on 11 September 2023 following an application made by the FCA. The Official Receiver has been appointed as liquidator.

The FCA says it took action on 13 February 2023 which meant that the firm’s accounts were frozen and its permissions to carry out regulatory activities were cancelled.

Why was Independently East Ltd placed into liquidation?

According to the FCA following the issue of the First Supervisory Notice to the firm on 13 February 2023, the Regulator remained concerned that the firm wasn’t able to meet its debts as they fell due. The FCA said that: “In order to protect consumers we have taken action to place IEL (Independently East Ltd) into liquidation.”

It added: “We are also concerned about the ability of IEL to comply with their regulatory requirements, their overall cooperation with the FCA and have concerns over how they have used consumer funds.”

 

FSCS Claims against Independently East Ltd

The FSCS is currently investigating Independently East Ltd to see if any of the claims will meet its qualifying conditions for compensation and is working closely with the FCA and the Official Receiver.

The latest update states that the FSCS is open to customer claims but, they will not be immediately passed to its claims processing teams for assessment.

The FSCS said that its current investigations ‘may take some time’.

The latest news and updates regarding Independently East Ltd will appear on the FSCS website.

Our Initial Assessment

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We can tell you if we think you have a case and what your options are if you do – no obligation to use our claims service.

Simply fill in the form below to arrange or call and have a chat today!

Key Facts

1
Independently East Ltd entered administration following action taken by the FCA
2
The FSCS is now investigating to establish if there are claims that are eligible under its rules

We win more than 9 out of 10 claims

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Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.