Investors were offered significant returns on investments made into car parking spaces at both airports and in city centres by a company called Park First which owned and operated them.
Park First was part of the Group First company which also provided storage pods and office pods. Investors put money into the business either directly with cash or through their pensions.
Unfortunately, the company collapsed back in July 2019 after not being able to provide investors who had opted for the buyback option their money. This was guaranteed as part of the arrangement.
Initially Park First had promised investors that they could expect to receive returns of around 10 percent during years three and four, and then 12 percent during years five and six.
Companies Associated With Park First
Some of the companies that were associated with Park First include the following:
Paypark Limited, Harley Scott Residential Limited (formerly Park First Glasgow Limited), Airport Parking Rentals (Gatwick) Limited, Park First Skyport Limited, Help Me Park Gatwick Limited, Park First Gatwick Rentals Limited, Park First Glasgow Rentals Limited, Park First Freeholds Limited, Group First Global Limited, Help-Me-Park.com Limited, Park First Management Limited, and Cophall Parking Gatwick Limited.
Compensation Claims
Anyone affected by this may be able to claim compensation. This is because an opportunity for financial redress has been opened up following an investigation into a solicitors firm called Hetherington Partnership Solicitors.
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Get in contact with our compensation team for a discussion with them about what the best decision for your particular case is. There is no obligation.
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
