Part of the Group First network of companies, Store First was all about self-storage warehouses all up and down the country. Quentin Wilson, ex-frontman of Top Gear, famously quoted in one of their promotional videos that Store First was, a “remarkable investment, with 20 centres and plans for more.” In reality, the actual number was significantly less. The promised returns were, of course, highly attractive too. A tasty and “guaranteed” 8% in the first two years and then rising to 10% in the next two years and then 12% in years five and six – A staggering potential return of 85% in just six years. Investing was easy too.You could part with as little as £3,750 for a small pod and right up to £30,000 for one promising a very appetising £2,400 return in just the first two years alone.
In reality, it was all a scam and unfortunately in June 2016, the UK government filed for a petition seeking the wind up of Store First. The story of how the investment was sold is just as remarkable as the promised returns. Master agents are believed to have received commission payments of up to 55% of the amount invested.