EPY 2.78% 17.5¢ earlypay ltd

You may be surprised. Accounts receivables are unlikely to be...

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  1. 10,372 Posts.
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    You may be surprised. Accounts receivables are unlikely to be impacted (a good Administrator will ensure business as usual) and in this space equipment lending is usually confined to auction realisable value - it would be unlikely IMO that the business concerned would have been borrowing full tilt for assets - Earlypay would generally take a conservative approach to shore up its position. Inventory may be difficult but Earlypay is likely to hold security against its exposure - possibly real estate of the directors.
 
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