Six charged following £75m fraud investigation

By Ged Henderson

11 Aug 2025

Senior Fraud Office

A Lancashire businessman is one of six people charged following a Serious Fraud Office (SFO) investigation into the transfer of £75m in pension funds into storage units.

Toby Whittaker, a director of  storage company Store First, has been charged with conspiracy to defraud.

Stephen Michael Talbot; Stuart Grehan, also known as Stuart Chapman-Clark; Terence Wright and Emma Hawkins, also known as Emma Grehan, are also accused of conspiracy to defraud.

Talbot faces a money laundering charge along with a sixth defendant. And both Talbot and Grehan have been charged with Perjury Act offences.

The defendants are expected to appear at Westminster Magistrates’ Court on August 21 this year.

The SFO said that the “complex” investigation centred on the transfer of pension funds into storage units based mainly in the north of England and Scotland.

In a statement the SFO said that between 2011 and 2014, more than 1,900 UK investors transferred their pensions into self-invested personal pensions to invest in storage units sold by Store First.

Investors were promised a long-term leasehold on a unit and a return on their investment through renting the unit out.

The SFO has alleged that misrepresentations were made in the marketing of the product, including that investors would receive a guaranteed return and that units were ready for people to rent.

According to the SFO, alleged misrepresentations also include offering upfront cash incentives to investors without telling them they might be exposed to a tax liability for receiving money out of their pension.

Nick Ephgrave, director of the Serious Fraud Office, said: “The charges are the culmination of a complex investigation by the SFO and represent an important step in pursuing justice for the many people who transferred their hard-earned pensions into this product.”

Whittaker’s defence lawyer Anthony Barnfather said that his client “vehemently denies any wrongdoing in relation to the ongoing proceedings and will fully contest the allegations made against him”.

He issued a statement from his client which said: “I have full confidence in the British legal system, and I trust that, in due course, the facts will speak for themselves.”

Based in Padiham, Store First’s operations in Lancashire include a facility at Northlight in Brierfield.

Enjoyed this? Read more from Ged Henderson

Latest news

1

Double digit promotions across Napthens Group 10 promotions at Napthens Group

Double digit promotions across Napthens Group

03 Oct 2025

2

Tourism Unsung Hero finalists revealed Jenny Moss Kate Pollard Peter Martland Andy Black

Tourism Unsung Hero finalists revealed

01 Oct 2025

3

Basil's in the pink Basil Newby

Basil's in the pink

30 Sep 2025

4

Celebrating the Women building Britain’s business future at The Enterprise Vision Awards The 2025 Enterprise Vision Award winners

Celebrating the Women building Britain’s business future at The Enterprise Vision Awards

30 Sep 2025

5

Business School recruits three industry leaders University of Lancashire recruit business leaders Rob Binns, Miranda Barker and Marcello Trovati new

Business School recruits three industry leaders

30 Sep 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

Chamber Breakfast Networking – October
Lancs-cham-logo.jpg.jpg
LBV Hub Networking
07 Oct 2025 - 07 Oct 2025

Chamber Breakfast Networking – October

Soul Bowl, Morecambe, LA4 4BU

08:00 - 10:00

The Future of Work: Tech, teams and thriving in a changing world
Oct PTC.png.png
LBV Hub Networking
07 Oct 2025 - 07 Oct 2025

The Future of Work: Tech, teams and thriving in a changing world

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

HR Recharge: Empowering today’s workforce, transforming tomorrow’s workplace
Muted Blue (4).png.png
LBV Hub Seminars
08 Oct 2025 - 08 Oct 2025

HR Recharge: Empowering today’s workforce, transforming tomorrow’s workplace

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:30

Empowering franchise growth in the North West
TFA Event - Empowering Franchise Growth.jpg.jpg
LBV Hub Seminars
09 Oct 2025 - 09 Oct 2025

Empowering franchise growth in the North West

Forbes Solicitors Sceptre Way Walton Summit Centre , Preston, PR5 6AW

08:00 - 10:00

Empowering Franchise Growth in the North West
Empowering Franchise Growth in the North West event
LBV Hub Seminars
09 Oct 2025 - 09 Oct 2025

Empowering Franchise Growth in the North West

Forbes Solicitors, Sceptre Way, Walton Summit Centre, PR5 6AW, PR6 6AW

08:00 - 10:00

Advantage: AI – A Workshop for Business Leaders – Oct 10th
Ai 10.10.png.png
LBV Hub Seminars
10 Oct 2025 - 10 Oct 2025

Advantage: AI – A Workshop for Business Leaders – Oct 10th

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

09:00 - 12:00

The New Employee Rights Landscape: Day One Compliance Essentials
EventBrite NORi - 15th Oct 2025 Webinar.png.png
LBV Hub Webinar
15 Oct 2025 - 15 Oct 2025

The New Employee Rights Landscape: Day One Compliance Essentials

Microsoft Teams, Microsoft Teams, PR253XH

13:30 - 15:00

Unlocking major project opportunities in the North West
Lancs-cham-logo.jpg.jpg
LBV Hub Seminars
15 Oct 2025 - 15 Oct 2025

Unlocking major project opportunities in the North West

Strathmore Hotel, Morecambe, LA4 5AP

08:00 - 10:00

The Business Network Central & East Lancashire
LBV Header (26).png.png
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin