News Details

27 Jan, 2009

Financial Serevices Compensation Scheme - definition of eligible smaller business

information on the Financial Services Compensation Scheme website indicates that, for the purposes of DEPOSIT and INVESTMENT claims, a company must meet two of the following criteria (as set out in the Companies Act 1985, s247 or Companies Act 2006 s 382) :

  • Turnover of not more than £6.5M
  • Balance sheet total of not more than £3.26M
  • Total number of employees not more than 50.

For claims made under an INSURANCE contract, a small business is one which has an annual turnover of less than £1M.

Back to News

Contact Compliant Solutions Ltd Now

Please use the Quick Contact Form below to get in touch with us or call 01376 514166


By submitting your data you are happy for us to contact you by phone or email. Tell us if you wish to opt out.