The Jersey Financial Services Commission is concerned about the fact that local residents have made commercial property investments in a British entity called Store First Ltd.

The firm is currently the subject of a contested petition for a High Court winding-up in Manchester as the result of action taken by the British Secretary of State for Business Energy and Industrial Strategy.

The regulator says that this investment is not a regulated product in Jersey or elsewhere and that it understands, as far as it can tell, that it has been marketed by a British brokerage firm called Croceus.

There may be other Jersey investors who have contributed monies to Store First Limited, through Corceus or other entities, and in this situation the JFSC feels it appropriate to draw attention to this matter.