UK operation of Holborn Assets under 'claims consideration' by Financial Services Compensation Scheme

The UK operation of Holborn Assets has been placed under 'claims consideration' by the Financial Services Compensation Scheme (FSCS).

The compensation body said its 'claims consideration' started on 4 December and followed the advice firm falling into administration on 24 October. It was authorised in February 2015, according to a notice on the FSCS's website.

Holborn Assets Ltd, listed on the Financial Services Register under 648817, has several other trading names linked to a Brighton address. These include Global UK Wealth, James Parker Financial and Neo Financial Planning.

The FSCS said it was now considering claims against the firm.

It said all claims would be assessed on a case-by-case basis, to determine whether they are eligible for compensation.

"As part of our investigations, FSCS will consider whether the firm can meet claims made against it," the body said.

International Investment reported on 31 October that Holborn Assets had closed its UK business.