Wednesday, 25 November 2015

Store First Storage Pods Scam Complaints

This information was posted on Motley Fool website and a poster had  found one of these storage pods for sale. Store First (Group First) claimed that these storage pod investments were guaranteed and low risk - it doesn't appear to be that way.

This is the lot - http://www.pugh-auctions.com/Lot/Manchester/20151203/110 the guide price of £10,000 is for 9 units!   The legal pack provided contained a copy of the original lease dated 1 June 2012. The seller bought the storage pod via his SIPP and paid £33,750 for this 'investment' in 2012.

He's also previously tried to sell them in the October auction, though this time with a guide price of £20,000 - http://www.pugh-auctions.com/Lot/Manchester/20151022/065a. They've abandoned that for this month's auction, I wonder why?

11 comments:

  1. Group First seem to operate a complete con, I have lost around £65000 and it seems there is no way out.

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  2. Same with me, I am at my wits end. I would sell them for next to nothing if I could find a buyer.

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  3. There is a way out. Contact Financial ombudsman. Took me two years but Ombudsman upheld my complaint. Many solicitors firms will get your money back on a no win no fee basis. Writings on wall for Store First.

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  4. I too have found there is no way out, Quenton Wilson as spokesperson/promoter states if you should need your money back quickly Store First will help you sell them and at a profit.I instructed them to sell mine over a year ago and said I would forgo any profit, I then said I would accept half what I paid then I said I would accept a third then any offer. I have heard nothing, I cant get rid of them for any price. I now realise I am the victim of an unscrupulous or lain dishonest scam and all my money is gone. Quentin Wilson is dancing with the devil.

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  5. Store First or Steal First- First we take your money then we give you a little bit back then we keep the rest.

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  6. Yes us too, invested 18,000 cant sell them, never been occupied in 5 years so no rental as promised. To top it we have a yearly bill of £500 to berkley burke who are the SIPP provider. Have reduced the price drastically but store first have not informed us if they want them and apparently they have five years to decide. Our unscrupulous agent was danielle moss working in spain, the ad we saw was to transfer a pension and get a cash free lump sum...what a complete scam. How much longer can they get away with this scam/

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  7. Over £30,000 down the pan....my only pension savings!

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  8. A familiar tale with me too i'm afraid . £49 000 down the drain by the looks of things.I was intrigued by anonymous's posting about his /her complaint being upheld by the FO. I also tried going down this road but was told that because they are not represented by the F S A or whatever they're called now ,i dont have a leg to stand on .Anonymous states that his /her complaint was upheld but doesn't say whether she /he got their money back or not [doubt it ].I have also spoke to a lawyer and inform me it's a tricky one as legally they are on firm ground . I am going to seek a second opinion on this matter though as there must be something illegal about this scam . [will keep you informed ]. I saved for about 25 years for this pension and although it might not be massive it's the only one i have and i'll be dragged kicking and screaming before i give it up to these parasites. Good luck everyone ,and hopefully we'll have our day in court and get back what is rightfully ours . Your's Disgruntled.

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  9. Hi we have been scammed for 99000.00 by James Taylor forms signed fraudulently he never said he was a agent he made out he was working for Sorenson Do not trust them either I said no but it was still pushed through my husband has a brain injury his health is failing due to the stress more pills and hospital how can they do this they new my husband health they do not care if we all did something we need to stop them and I will do everything to stop store first I have nothing to lose only justice for everyone they are so cruel

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  10. I am also in the same boat as the rest of you £72,000 invested 7 years ago all my pension money gone I feel gutted and now the company is being wound up lets hope something can be done to retrieve our monies

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  11. My mother inlaw invested £12,000 received some return for a couple of years then nothing.Contacted store first asking to sell them but told they were sold internally whatever that means.

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