Storage pod investments are unregulated, carry high levels of risk and are unsuitable for inexperienced retail investors.
If you have been mis-sold, APJ Solicitors can help you gain thousands in financial redress!
Storage pod investments work by the investor buying a certain number of storage pods from storage companies such as StoreFirst, which then manage the rentals of these units to customers. It is the fees paid by these customers to rent the units that create the potential for a high return on investment.
Unfortunately, storage pod investments are unregulated, carry high levels of risk and are usually unsuitable for inexperienced retail investors. Despite the pitfalls, these storage pod schemes are often marketed to inexperienced investors as sound investment opportunities, leading to significant losses for the customer. In these cases, it is possible for customers to seek compensation and recoup some of their losses.