Published 25 November 2008 The 3 directors of National Finance 2000 Ltd – Allan Ludlow, Tony Banbrook & Carol Braithwaite – have been banned from acting as company directors as they await a depositions hearing on prospectus & financial reporting charges. Deputy Registrar of Companies Peter Barker said today Mr Ludlow & Ms Braithwaite […]
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National Finance directors’ depositions hearing set for March
Published 3 November 2008 The 3 directors of National Finance 2000 Ltd – Allan Ludlow, Tony Banbrook & Carol Braithwaite – were remanded at large today to a depositions hearing starting next March and a defended hearing on one summary charge next May. Mr Banbrook, an Auckland lawyer, spoke for all 3 as he […]
Read more →National Finance directors remanded on prospectus charges
Published 24 October 2008 The 3 directors of National Finance 2000 Ltd, Allan Ludlow, Tony Banbrook & Carol Braithwaite, have been remanded on bail in the Auckland District Court to a status hearing on Monday 3 November. Mr Banbrook, an Auckland lawyer, appeared in court on Monday and the other 2 directors yesterday. The […]
Read more →National Finance 2000 directors face criminal charges
Published 5 October 2008 The Companies Office has laid criminal charges against National Finance 2000 Ltd’s directors, Allan Ludlow, Tony Banbrook & Carol Braithwaite. They’re due to appear in the Auckland District Court on Thursday 23 October. Registrar of Companies Neville Harris said on Friday: “The charges relate to untrue statements in the company’s […]
Read more →National Finance receivers take principal repayments to 40c
Published 12 March 2007 The receivers of National Finance 2000 Ltd, PricewaterhouseCoopers partners Colin McCloy & John Waller, made a second interim repayment of principal to secured investors on Friday. After an initial 30c/$1 payment in October, the receivers made a 10c payment. National Finance was holding deposits of more than $21 million on behalf […]
Read more →Allan Hawkins buys National Finance (Payless Cars) loan book
Published 8 October 2006 The receivers of National Finance 2000 Ltd (director Allan Ludlow), PricewaterhouseCoopers partners Colin McCloy & John Waller, said on Friday they’d sold the National Finance loan book to a party associated with the listed Cynotech Holdings Ltd, whose chairman is former Equiticorp boss Allan Hawkins. The $7.7 million purchase price has […]
Read more →Receivers say 45% of National Finance loan book in arrears
Published 26 July 2006 National Finance 2000 Ltd receiver Colin McCloy said today 45% of the company’s $27.4 million loan book was in arrears. Of the $12.4 million arrears, $9.3 million was more than 150 days overdue, $1.3 million was to customers listed as “gone – no address” and another $1.6 million was listed as […]
Read more →Under 50% back for National Finance secured investors, zilch for subordinateds
Published 6 June 2006 Secured investors in National Finance 2000 Ltd (Allan Ludlow, head of the Payless Cars group) can expect to get only 30-50% of their original investments, receiver Colin McCloy said today. He’s told subordinated investors, who rank below the secured investors, they’re unlikely to recover anything. Mr McCloy said the receivers had […]
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