The Financial Services Compensation Scheme has declared Business Agent, trading as NextCrowd and NextFin, in default over claims relating to investment advice.
The lifeboat fund confirmed the Hertfordshire-based firm was declared in default on Friday (12 June), when the first claim was upheld. So far, claims against the firm relating to investment advice total 12. "This firm is no longer trading, so you may be able to make a claim against it," the FSCS' notice to consumers stated. The decision marks the latest development in the collapse of Business Agent, which operated the NextCrowd investment platform and NextFin brand. The company entered administration on 8 May 2025, with Begbies Traynor partners Louise Longley and Julian Pitts appointe...
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