The Financial Services Compensation Scheme declared Blankstone Sington Limited in default on 17 May 2024. If you had investments or pension holdings managed by the Liverpool firm, you may now be eligible for FSCS compensation of up to £85,000 per eligible person. This declaration brings to a conclusion a long and painful period of uncertainty for many of the firm’s long-standing clients.
Blankstone Sington Limited (FRN 143694) was a Liverpool stockbroker and wealth manager with roots going back to 1976. The firm managed over £470 million of client assets and was a well-established name in the northwest of England, known for handling investments in local companies including Everton Football Club shares.
The firm’s financial position deteriorated sharply from around 2020. It posted a pre-tax loss, its pension deficit grew, and clients began withdrawing funds in increasing numbers. Senior management, including the CEO, left during this period, and the business struggled to maintain the staffing and governance structures it needed to function properly. In November 2021, the FCA acted to prevent BSL from taking on new business or disposing of assets without regulatory consent.
Special administration followed in October 2023, with Leonard Curtis practitioners Andrew Poxon, Alex Cadwallader and Hilary Pascoe appointed to manage the firm’s wind-down. The FSCS declared the firm failed in May 2024. For clients who had been with Blankstone Sington for decades, this outcome has been deeply distressing.
If you held a portfolio with Blankstone Sington and suffered losses, please speak to our team. You trusted a long-standing regulated firm with your money. The responsibility for managing that money properly lay with the firm. If that responsibility was not met, you have every right to seek compensation, and you should not feel any embarrassment about pursuing what you are owed.
Get Help With Your Claim
If you had dealings with Blankstone Sington Limited and are worried about your money, please book a free consultation with our team. You may feel embarrassed about what has happened, but you should not. You were let down by people who had a professional and legal duty to act in your best interest. We will carry out all the investigative work on your behalf, at no cost to you. If your claim is not successful, you will not pay a penny. Call us during office hours or email hello@claimmyloss.co.uk – we are here for you.
