On 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.
We conducted a detailed stock take to ascertain eroded security position under floor plan, provided a full report to the financier, and suggested alternative ways financier could recover security.
As a result of advice provided by PPB Advisory, the original financier was paid out in full by alternative financier and the motor group is still trading.