Subscribe to receive all the latest updates about PPB Advisory
AMF was a provider of auto finance to retail consumers and operates in the sub-prime space whose loan book comprised 3,600 customers with borrowings of $60m.
read moreThis Voluntary Administration assignment involved multiple dealerships across QLD, NSW and VIC as well as new and used vehicles and auction houses. PPB liaised with numerous secured creditors to facilitate the orderly handover of various leasehold premises sites to new tenants; and also dealt with supplier claims over vehicles.
read moreOn this matter, the financier was alarmed by significant variations with stock audit versus floor plan. PPB Advisory was retained informally to monitor the motor group while an alternative financier was sought and to ensure security position of original financier not further eroded.
read morePPB Advisory was appointed as investigative accountant by a major Australian bank owed $4.7m to assess the financial position of the dealership, advise whether the company was able to survive four months during the planned sale of business process, and confirm the security position of the bank.
read morePPB Advisory was appointed by the financier as Receivers and Managers after becoming alarmed by significant variations in the stock audit. PPB Advisory ensured that the business traded on to enable the sale of all remaining stock and the completion of work in progress.
read more