Monday, 8 October 2018

Is Park First Airport Parking an Investment Scam? Complaints about Airport Parking Investment Bonds

As per the Store First storage pods there are now complaints coming out about Park First airport parking investments where they sell you a parking space near an airport with a guarantee that you will be paid 8% or so income for a number of years.

Exactly the same model was used for Store First where a lot of people got their fingers burnt when the company stopped trading and the storage pods were shown to be worthless. People are now complaining that they are unable to get their money back from Park First and have been waiting many months.

It has also been reported on the MSE forum that Park First has no significant assets and that the company accounts show "it held no tangible assets (its only assets were £10k worth of "patents and licences" and £515k of debtors, mostly trade debtors). The land is presumably owned by other Group First companies."

Park First are not the only company offering similar airport parking investment, another one called Aston Darby is selling the same sort of thing.

Is Park First Airport Parking an Investment Scam? Complaints about Airport Parking Investment Bonds
Is Park First Airport Parking an Investment Scam? Complaints about Airport Parking Investment Bonds

If you are considering investing your pension lump sum in this sort of investment scheme then be very wary as it could mean you lose ALL your money. It certainly isn't a zero risk savings product.

https://damn-lies-and-statistics.blogspot.com/2015/11/store-first-storage-pods-scam-complaints.html

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