Store First Administration - Is it Bad News for LCF investors?

Bond Review has reported that Park First has filed for administration and that Smith & Williamson have again been appointed as with LCF. The news suggests that the investors may have between £120 and £190 million invested with the company. Park First offered airport parking spaces for sale with "guaranteed" returns of 8% which investors are now finding to be nothing of the sort. This follows their previous venture Store First which made similar claims and left many investors seriously out of pocket.

Park First administration - investors to lose again?

As well as London Capital & Finance which went bust with £237 million of investors money outstanding there is also £30+ million from Harewood Associates and various other failed investment schemes that have gone into administration this year with a total in excess of £500 million.

Along with Blackmore Bonds that has delayed filing accounts and stopped taking new investments which may raise questions from investors on their long term viability as listed as a material risk in their Annual reports.

I think this might not be great news for LCF investors. With such a large outstanding amount from failed unregulated investment schemes it would appear less likely that the compensation gates would be opened for LCF when it could then trigger massive claims from other investors in different unregulated bond companies that have also gone into administration.