2 Oct 2019

Administrators appointed at Solent Credit Union

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as Joint Administrators of the Solent Credit Union.

The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers are entitled to receive their deposits back.

Dina Devalia, Joint Administrator of PKF Geoffrey Martin & Co, said: “Solent Credit Union savers don’t need to worry as their money is safe - all customer deposits will be returned by the FSCS.

“You don’t need to do anything to get your money back - anyone with a deposit with the organisation should look out for a letter in the post from the FSCS in the next few days.

“We’re now focused on working with the FSCS to ensure that all savers get their money back as soon as possible.  We’ll also be on hand to assist savers with any queries that they may have on issues such as setting up new savings accounts or transferring their benefits.”

We have also prepared a Q&A document with additional information.

For press enquiries, please contact Andy Konieczko on akonieczko@pkf-littlejohn.com or 020 7516 2209; for other enquiries, please contact the PKF Geoffrey Martin team by email at solent@geoffreymartin.co.uk, or call 023 8000 2018, 023 8098 7644 or 0113 244 5141.