Strand capital entered insolvency proceedings in May 2017. This was highly significant as the investment firm was responsible for more than 3000 customers and £80 million worth of funds.
In theory all client money should be returned, however there does not appear to be any guarantee that this would be the case. The FSCS felt it necessary to release a press statement in May 2017 that the situation was being investigated to try and return as much customer money as possible.
If your funds were held by Strand Capital or you have dealt with them in the past this may be a indicator you are entitled to compensation. As the FSCS have issued a press release about this, this would certainly suggest they are aware of the significant issues around this firm and how this could affect customer funds.