Court date finally set for Government’s Store First winding up petition

A court date has finally been set for the Government’s winding up petition against Store First and related companies.

The winding up petition was originally announced back in July 2017, but was then adjourned. The trial is now due to take place on 15 April 2019 (almost two years after the original announcement) at the Manchester District Registry of the High Court.

The Government is inviting Store First investors to contact them with information about their investment experience.

If you have information you would like to submit to the Insolvency Service in relation to your investment experience with Store First and related companies, please send your comments to storefirstpetition@dwf.law.

In Store First’s last accounts (June 2017), Store First director Toby Whittaker said “the directors were surprised to have the winding up petition issued having been fully co-operative with the Secretary of State’s requests” and “The company has instructed solicitors and intends to defend this vigorously”.

Group First, Store First’s holding company, has put in place a provision of just over £2 million to cover the cost of defending the winding up petitions, according to their last accounts.

Store First claimed in May 2018 that returns from its storage pods “continue to rise”.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s