FSCS in-default register

Rees Caddick Garages Ltd, trading as Lakeside Volkswagen

Declared in default29 September 2020FRN 310603

What this means for you

Because Rees Caddick Garages Ltd, trading as Lakeside Volkswagen 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

Rees Caddick Garages Ltd, trading as Lakeside Volkswagen (FRN 310603), was declared in default by the Financial Services Compensation Scheme on 29 September 2020. The firm provided general insurance and contracts of insurance to customers. Eligible policyholders may be entitled to compensation of up to 90 per cent of their claims with no upper limit, subject to FSCS eligibility criteria.

Products this firm wrote

General insuranceContracts of insurance

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.