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Home Is park first’s car park investment a scam or a legitimate investment?

Is park first’s car park investment a scam or a legitimate investment?

21.09K viewsScams & Frauds
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Hi. has anyone invested in the car park investments with Park First? Has anyone been paid the promised returns of 16%?

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Hence “on a very optimistic day..”

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I would imagine the debt exceeds £33m so I doubt £5 500 per investor..

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https://smithandwilliamson.com/media/5242/qa-07-05-2019.pdf

“Related entities have already pledged c.£33m to the forthcoming CVAs and these
pledged funds will be allocated to those creditors of the Companies”

“We understand there are approximately 6,000 parties who have invested in the car
parking spaces”

£5500 each, on a very optimistic day..

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From that FCA page:
“We have been monitoring Park First’s financial position and earlier this year we raised our concerns about the companies’ financial position. The directors of the companies have now received independent advice and this has led to their decision today to appoint the joint administrators.”

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https://companycheck.co.uk/director/908999515/MR-TOBY-SCOTT-WHITTAKER/summary

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Highly suspect on both sides of the coin.

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Read it several times, still implies the same.

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