SteveT
Member of DD Central
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Post by SteveT on Mar 30, 2018 8:15:11 GMT
I don't have access to DD central yet. Does anyone have any thoughts on ACI1 and these car loans in Leeds? Are we comfortable that the assets/SPV's are ringfenced and this is sustainable? Well, the first full year's trading accounts (2017) attached to the latest loan proposal look very profitable indeed. However there's not a lot of provision in there for doubtful debts. Either the customer / stock control process is very good, keeping bad debts low, or the provision may have to rise as the business matures. I'm inclined to increase my stake (which hasn't been very large until now).
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Mar 30, 2018 8:19:31 GMT
I don't have access to DD central yet. Does anyone have any thoughts on ACI1 and these car loans in Leeds? Are we comfortable that the assets/SPV's are ringfenced and this is sustainable? The main discussion of this loan is under 100073 ACI1 Ltd on the main abl board.
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Joss
Posts: 18
Likes: 14
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Post by Joss on Mar 30, 2018 10:08:13 GMT
thanks
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