Store First Storage Pods
When you think of unusual or exotic investments, you might think of wine cases or Caribbean property. Self-storage units in industrial estates around the UK, however, probably don’t factor in your thinking.
For several years, however, companies and financial advisors have talked investors, usually retirees, into putting their money into storage units. Those investors have lost almost everything.
Did You Lose Money in Self-Storage Investments? Contact Us
If you invested your money or part of your retirement in self-storage units, you should get in touch with us at Goodwin Barrett today. Complete the form to leave your number and we’ll get back to you.
Self-Storage Promises that Failed to Materialise
There were several companies offering self-storage unit investments in the UK between 2011 and 2017. This included Store First. It was one of the highest profile as its advertising and marketing materials we fronted by television presenter Quentin Wilson. He used to present Top Gear.
Financial advisors convinced investors in Store First and similar schemes to purchase long-term leases for individual self-storage units – or pods. The investor would then sublet the unit via a management company.
Some people sank their entire retirement pots into the investment. In all, it is thought more than £120 million was invested by at least 1,000 people.
Those people were promised significant returns from their investment. In marketing materials for some of the firms, the promise was you would double your money within six years.
Instead of making a return, however, investors lost their money.
Were you one of the people who bought an investment in a self-storage unit from Store First as part of your pension planning? You may have been mis-sold the investment which means you might have a claim to get your money back. Please call us today on 0808 252 3696 to speak to a member of our team.
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Pensions Customer Stories
We've helped thousands of people win compensation as a result of unsuitable financial advice.
Until Goodwin Barrett contacted me, I was unaware I was badly advised. Goodwin Barrett made a successful claim for me. Thumbs up to them
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I thought my pension was lost until I contacted Goodwin Barrett, they helped me every step of the way to retrieve my pension