The Financial Services Compensation Scheme (FSCS) has announced Essex-based Core Cover Ltd , Cavendish Incorporated Limited and London-based Marvell Enterprises Ltd have failed.
According to the Financial Conduct Authority (FCA) the insurance firm Core Cover Ltd has not been authorised since October 2022.
Companies House filings show the company was dissolved in June 2023.
The FSCS told International Adviser that it has received one claim so far about the firm relating to life insurance which has been upheld.
Core Cover Ltd has previously been known as Study Safe Ltd, Lifecover.com, Secured-Loan.online, Health Core PMI and acceptedmoney.co.uk.
See also: Two UK-based firms fail
Second failed firm
Investment firm Cavendish Incorporated Limited is in liquidation according to Companies House.
While the firm is still authorised by the FCA it has been closed to regulated business since August 2021.
The FSCS told IA it has received seven claims so far relating to investment advice with one of the claims being upheld and the rest still in progress.
Third failed firm
Investment firm Marvell Enterprises Ltd is also in liquidation Companies House has reported.
The business is also closed to regulated business according to the FCA and has been since November 2021.
The FSCS told IA that it has received 11 claims against the firm relating to investment advice and bonds with one claim being upheld and the rest in progress.
