IPM SPV Two Limited (12699374): administration
- Status
- Administration ended
- Administration began
- 2024-05-16
- Administrators
- Gordon Thomson, David Frederick Shambrook
- Administrators' firm
- RSM
- Incorporated
- 2020-06-26
- Location
- London
- Industry
- 46690 Wholesale of other machinery and equipment
From the administrators' statement
The Company operated as a provider of wholesale stock funding principally for motorcycle, marine and trailer dealerships. The Company operated a mix of direct dealership and manufacturer/importer programmes. The business commenced trading in January 2022. The Company utilised a serviced office at Gibson House, Ermine Business Park, Huntingdon PE29
The Company’s owner and sole director is Mr Niall Mason. Mr Mason owns and/or controls other companies involved in providing similar funding, as well as companies that employee staff and provide infrastructure and IT services to those finance companies.
One of Mr Masons other companies, Emtac Limited (‘Emtac’), provided staff, IT and other support to SPV Two. SPV Two principally had ownership of its loan book (contracts), supported by the legal title to the inventory of assets held by its dealership customers (to support the loans made).
Administrators' statement of proposals (2024-07-15) · Companies House register