According to the Lancashire Telegraph, the Official Receiver has sold the freehold, associated assets and goodwill of Store First's 15 storage centres to Store First Freeholds Limited.
The assets of the service company, SFM Services, have been transferred to Pay Store Limited.
Both Store First Freeholds Limited and Pay Store Limited are wholly owned by Jennifer Whittaker, reportedly the wife of Store First CEO Toby Whittaker.
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A company which formerly offered bonds paying up to 16.8% per year has been shut down in the High Court.
A creditor petitioned the High Court in June 2019 and his petition was granted in October. FRP Advisory as been appointed as liquidators.
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With a few exceptions, investors in collapsed unregulated investment schemes generally find sympathy in short supply.
The media will occasionally print the hard-luck story of a someone who invested their entire pension lump sum, or an injury compensation payment, but the news cycle usually moves swiftly on.
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Reader Sally Jones has drawn my attention to some eye-opening posts over the past year from collapsed unregulated car park investment scheme Park First's Russian Instagram account.
All quotes below have been machine translated from the original Russian.
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Smith & Williamson has succeeding in seeing off rival Quantuma's bid to investors to be appointed administrator of Park First.
A letter sent to Park First investors on Monday 2nd confirms Smith & Williamson's proposals for the administration were accepted in full.
At a court hearing in London last week, Carlauren Group was finally put into administration.
Lawyers for Carlauren investors alleged that Sean Murray transferred significant sums into his own personal account.
Murray responded that the money was accounted for and was just resting in his personal account.
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Allansons investors watching Companies House hoping for some clue as to where £20 million of their money went will have to wait a bit longer, as Allansons LLP again used the one-day-trick to avoid filing accounts within the deadline.
The Companies Act requires private companies to file accounts within nine months of their accounting year ending, but due to a loophole in UK company law, you can extend the deadline by shortening your accounting period by a single day, which gives you an extra three months.
Allansons deployed this trick in August and now again on 18 November, meaning its last published accounts are now almost two years old.
