Aston Darby Airport Car Parking Investors Group Legal Action

iambrad

Im one of many investors in the Aston Darby car park investments in Glasgow and Manchester purchased at £25,000 per space.

After countless broken promises by the company us investors are now progressing with a group legal action.

Emails and calls to the company are going unanswered and that was before the corona virus kicked off. And a lot of the phone numbers I had are now dead and out of action.
We have all received a letter of the company director, he's called Leigh Heywood. Not surprisingly the new excuse is Coronavirus as well as other stupid excuses. None of which are his fault. The buck stops with the company's directors. Not even an apology for running the company poorly.. He threatens us with getting nothing from a group law action and begs us to work with him. But enough is enough. Its quite obvious the company is doomed. If it couldn't pay investor returns before the current situation we have absolutely no chance now for years in the future.!

The airport at Manchester is being operated very poorly indeed. Its literally just a muddy field. It has 100s of 1 star reviews and complaints. I think theres lots of legal actions going on off Holiday makers who have had their cars vandalised or get the car back with 100s of extra miles on the clock!!!!!

The investor group has instructed a company called ClaimExperts. They will be doing the legal action for us.

We all need to band together and work together now to see this through and at the very least try and get our initial investment back.Negative reviews have started to come in on Aston Darby and any investors should follow suit and leave their reviews on Google to warn off other unknowing investors.

Malthusian

Despite the unpromising name, ClaimsExperts are on the SRA register (under Smooth Commercial). They can even help you sue over your Japanese Knotweed while they let you throw good money after bad over your Ponzi scheme.

We all need to band together and work together now to see this through and at the very least try and get our initial investment back.

At the very least? There is absolutely no chance you will get your initial investment back, the money is long gone. Standard practice in this situation is to write the money off and treat any recoveries as a bonus. Paying solicitors' fees may give you closure or may be throwing good money after bad.

This changes if you were advised to invest by an FCA-regulated adviser or used an FCA-regulated SIPP provider without advice.

kinger101

^^
They're a "no win, no fee" firm of ambulance chasers.  So not sure OP will be asked to cough up - they'll just want 25% + VAT of any money recovered.  The I'd double check the wording very carefully to make sure that is money recovered rather than just winning the court case. Recovering any money will much more difficult if at all possible.

dc_scotland

Firms liquidated over 'unscrupulous' airport car parks:

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-53397203

masonic

Confirmed as a Ponzi scheme.

"[The Insolvency Service] found that the funds from investors were being used to pay returns promised to initial investors, rather than using revenue generated from the car parks. That is partly because the companies did not own the car parks when they were selling the spaces."

"...the companies took half of the investment funds in commission and other charges."

An all too familiar story. No doubt most of the money has been spirited away in various creative ways. Now enter the liquidators, who will take their cut. I wonder if there will be anything left with which to make a distribution to investors.