"One of the UK's leading specialists in financial mis-selling…"
The Times
Leading financial website This is Money have published Neglect Assist’s concerns about an airport car parking investment scheme. Car parking spaces at Gatwick Airport are being marketed at £25,000 each with an 8% yield.
Solicitor Tim Wixted, managing partner of specialist financial mis-selling litigator Neglect Assist, told the website:
“Once you “look under the bonnet” of specialist property investments, there are often lots of hidden problems that make the scheme good for the people creating it but bad for those that invest in it.
For instance, problems we encounter include extremely high service charges, which means few returns end up with the investor, and high debt.
People also particularly need to be aware that specialist investments are highly illiquid. This means it is terribly hard for you to sell your investments because of the problems finding a buyer, so once you are invested you are generally stuck. I would not invest in anything that you cannot immediately sell should your circumstances or plans change.
Also, the guaranteed two-year teaser return is only as good as the solvency of the company giving the guarantee, so you will want to check what its debt position is. After that, there is no guarantee and if car park rates fall, the value will fall (assuming there is a liquid market for such an investment anyway).
At the moment, when you search the Financial Conduct Authority’s online register of regulated firms, PCG Invest does not appear. This means investors have a lot less protection and, on this ground alone, I would personally avoid it like the plague as an investment.
My view is why invest your savings and pension in unregulated schemes when there are hundreds of regulated ones to choose from.”
Read the full article:
Answer a few quick questions and request a free callback. Our team will contact you for a no-obligation chat and explain the next steps.
Tim Wixted, director at Neglect Assist, told the Financial Times that an airport parking investment offer smacked of a scheme that is “doomed to fail.” Car parking spaces at London Gatwick airport are being offered for £25,000 each with a “guaranteed” 8 per cent yield.
Fund Web reported on a £25,000 Gatwick parking scheme offering an 8% yield. Neglect Assist’s Tim Wixted warned that the lack of a resale market and promised returns are strong indicators of a high-risk, potentially failing scheme.
Neglect Assist solicitor Pradeep Oliver discusses the impact of claim time limits on mis-sold financial products.
Provide your details to start your free eligibility check. You’ll be guided through a few short questions so we can direct you to the right specialist and assess how we can help.
You do not need legal representation to make a financial services claim. You can complain yourself at no cost and under FCA rules, the financial services provider must provide a response. If you feel this is unsatisfactory, you can complain to the statutory redress bodies, the FOS and FSCS who can award you compensation. This is a free service.
The information appearing within this website does not constitute legal advice and is provided for general information purposes only. No warranty, whether express or implied, is given in relation to such material, and we do not accept any liability for reliance on it.
Neglect Assist is a trading style of Wixted & Co Solicitors which is authorised and regulated by the Solicitors Regulation Authority (SRA) A copy of the SRA handbook can be obtained from www.sra.org.uk. Wixted & Co Solicitors, 57 Putney Bridge Road, London SW18 1NP.
Registered number 06243291. VAT number 788 6929 41.
© 2025 Wixted & Co Solicitors