FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Get an alert when FINANCIAL SERVICES COMPENSATION SCHEME LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£255m
+48.6% vs 2025
Net assets
£0
Equity attributable
Employees
350
+14.4% highest in 3 filed years
Profit before tax
£1.7m
-42.9% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £383,180,000 | £434,044,000 | £369,521,000 | -14.9% | |
| Operating profit | — | -£6,184,000 | -£4,523,000 | +26.9% | |
| Profit before tax | £8,703,000 | £2,936,000 | £1,676,000 | -42.9% | |
| Net profit | £4,160,000 | £592,000 | £52,000 | -91.2% | |
| Cash | £309,388,000 | £171,717,000 | £255,095,000 | +48.6% | |
| Total assets less current liabilities | £79,453,000 | £97,831,000 | £80,212,000 | -18% | |
| Net assets | £0 | £0 | £0 | — | |
| Equity | £0 | £0 | £0 | — | |
| Average employees | 267 | 306 | 350 | +14.4% | |
| Wages | £21,237,000 | £25,052,000 | £29,214,000 | +16.6% | |
| Directors' remuneration | £1,084,000 | £948,000 | £989,000 | +4.3% | |
| Directors' pension contributions | £44,000 | £63,000 | £67,000 | +6.3% | |
| Highest paid director | £341,271 | £405,908 | £412,728 | +1.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | — | -1.4% | -1.2% | |
| Net margin | 1.1% | 0.1% | 0.0% | |
| Return on capital employed | — | -6.3% | -5.6% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | 100.0% | |
| Current ratio | 1.00x | 1.00x | 0.99x | |
| Interest cover | — | -17.23x | -15.44x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Gareth Davies, Comptroller and Auditor General
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“I have concluded that the Financial Services Compensation Scheme's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Financial Services Compensation Scheme's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “In October 2025, Premier Insurance Company Ltd, a Gibraltar-based motor insurer that provided policies to UK customers entered administration.”
- “During 2025/26, we paid more than £125M in compensation to customers who received unsuitable investment, pension and self-invested personal pension (SIPP) advice. We also paid around £35m in relation to SIPP operator failures and subsequent claims from affected customers.”
- “During the year, three credit union failures resulted in around £1M of compensation being paid, with more than 1,500 payments made overall.”
- “On 7 May 2026, FSCS agreed with a syndicate of banks to increase its existing Revolving Credit Facility from £1,450m to £3,000m for an initial term of five years until 6 May 2031.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BILLETT, Sonia | Secretary | 2025-05-12 | — | — |
| BEAUCHAMP, Martyn Joseph | Director | 2023-10-18 | Oct 1972 | British |
| HARVEY, Richard John | Director | 2025-03-01 | Feb 1963 | British |
| KIDY, Fiona Yasmin | Director | 2020-07-01 | Jan 1965 | British |
| LEVETT, Alyson Margaret | Director | 2023-07-01 | Jan 1966 | British |
| MORGAN, Nicola Ann, Baroness | Director | 2020-09-01 | Oct 1972 | British |
| PARKIN, Richard Austin | Director | 2019-07-01 | Dec 1967 | British |
| PASSEY, Elizabeth | Director | 2024-10-01 | Sep 1972 | British |
| WILLIAMS, Wendy Ann | Director | 2020-09-01 | Feb 1965 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWDEN, Ian Kenneth | Secretary | 2000-03-03 | 2000-07-28 |
| KING, Geoffrey William | Secretary | 2000-07-28 | 2001-01-31 |
| THOMAS, Mark Lindsay | Secretary | 2001-02-01 | 2024-07-31 |
| ADAMS, Mark Keith | Director | 2015-06-01 | 2020-04-23 |
| ASHFORD, Anthony Joseph | Director | 2007-02-01 | 2013-01-31 |
| BAILEY, Marshall Charles | Director | 2018-04-01 | 2024-09-30 |
| BARBER, James Alexander | Director | 2016-01-04 | 2021-04-30 |
| BARCLAY, Margaret Elizabeth | Director | 2011-07-01 | 2017-06-30 |
| BARTLETT, Katherine Mary Eileen | Director | 2010-02-01 | 2015-08-31 |
| BLAIR, Michael Campbell | Director | 2000-03-03 | 2005-05-31 |
| BROWN, Sarah Elizabeth | Director | 2000-03-03 | 2007-02-28 |
| CHURCHILL, Lawrence | Director | 2012-04-01 | 2018-03-31 |
| CLARK, Jonathan Michael Wardlaw | Director | 2007-07-01 | 2009-05-15 |
| CONNOR, Terence Michael | Director | 2005-06-01 | 2011-05-31 |
| COOPER, Steven Martin | Director | 2017-07-01 | 2020-06-30 |
| CULLEY, Kenneth | Director | 2000-03-03 | 2005-05-31 |
| DAY, Bernard Victor | Director | 2002-06-01 | 2005-05-31 |
| DEVLIN, Ronald Leitch | Director | 2006-10-01 | 2007-06-30 |
| GLEN, Marian | Director | 2013-02-01 | 2020-01-31 |
| HALL, David John | Director | 2006-03-01 | 2012-03-31 |
| HAMILTON, Nigel James | Director | 2000-03-03 | 2006-02-28 |
| JEBENS, Christopher Francis | Director | 2000-03-03 | 2002-03-01 |
| KINNEY, Alexandra Brigid Elizabeth | Director | 2005-06-01 | 2011-05-31 |
| KUCZYNSKI, Aleksander Jozef | Director | 2010-02-01 | 2020-04-09 |
| MACLENNAN, Graeme Andrew Yule | Director | 2000-03-03 | 2006-02-28 |
| MARCH, Luke Henry Walter | Director | 2000-03-03 | 2005-05-31 |
| MCCARTHY, Suzanne Joyce | Director | 2000-10-16 | 2004-05-31 |
| MCKENNA, Charles | Director | 2013-02-01 | 2021-01-31 |
| MINGHELLA, Loretta Caroline Rose | Director | 2004-12-06 | 2010-02-28 |
| NEALE, Mark Frost | Director | 2010-05-04 | 2019-05-03 |
| NEVILLE, Patrick John | Director | 2017-07-01 | 2023-06-30 |
| NICKALLS, Caroline Jayne | Director | 2011-07-01 | 2017-06-30 |
| PARKER, Helen Mary | Director | 2017-07-01 | 2024-06-30 |
| PEREIRA, Rommel Philip | Director | 2010-09-07 | 2014-05-31 |
| PRATT, Richard Charles | Director | 2004-06-01 | 2009-05-31 |
| RAINBIRD, Caroline Mary Anne | Director | 2019-05-13 | 2023-06-05 |
| RESTON, Rosalind Sarah | Director | 2007-02-01 | 2013-01-31 |
| RILEY, Cathryn Elizabeth | Director | 2021-02-01 | 2025-04-30 |
| ROGERS, Mark Ivan, Sir | Director | 2009-06-01 | 2011-10-31 |
| SHERRATT, Kathryn Ann | Director | 2015-12-15 | 2019-05-23 |
| STOCKTON, Robert Paul | Director | 2011-12-01 | 2017-11-30 |
| TAYLOR, John Maxwell Percy | Director | 2007-09-01 | 2013-08-31 |
| VOGEL, Timothy John | Director | 2002-03-02 | 2005-03-01 |
| WALLACE, Philip Wedgwood, Mr. | Director | 2009-06-01 | 2015-05-31 |
| WATSON CBE, Jennifer | Director | 2025-03-01 | 2026-02-28 |
| WEYMOUTH, David Avery | Director | 2011-07-01 | 2016-12-31 |
| WILLIAMS, Catherine Mary | Director | 2004-06-01 | 2009-05-31 |
| WOODBURN, Christopher Hugh | Director | 2005-06-01 | 2011-05-31 |
| YOUNG, John Robert Chester | Director | 2000-03-03 | 2004-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Financial Conduct Authority | Corporate entity | Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 188 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.