Dina Devalia, Joint Administrator of PKF Geoffrey Martin & Co Limited, said: “Faifley members do not need to worry as all of their money is safe – no members will lose out as 100% of their members share deposits will be returned by the FSCS.
“You do not need to do anything to get your money back – anyone with a deposit with Faifley should look out for a cheque in the post from the FSCS in the next few days.
“We are now focused on working with the FSCS to ensure that all members receive their money back as soon as possible. This may take a little longer than usual due to the Coronavirus restrictions, but rest assured that we are doing all we can to make the process as efficient as it can be in the current circumstances.
“We will also be on hand by email or phone to assist members with any queries that they may have on issues such as loan repayment queries.”