Materials handling company recovers millions of dollars’ worth of equipment within three months of working with EDX

A materials handling company believed they were doing the right thing. They protected their interests in the company’s valuable equipment assets by registering on the Personal Property Securities Register (PPSR). Then two customers went broke, and administrators were appointed. They found out the hard way their PPS registrations were not up to scratch when they had great difficulties recovering their rented equipment. 

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How to beat the odds and get your PPS registration right

The odds are stacked against you when it comes to successfully registering on the PPSR. It’s just so easy to make a small mistake, which could limit or invalidate your security interest.

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4 Details About The PPSR That Will Make It Easier To Register

The devil is in the detail when it comes to registering on the PPSR. To register successfully, you need to understand the jargon and the fine print. Where to start? Take a look at your security agreement.

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Don’t Make These Costly PPSR mistakes!

All it takes is a simple error like entering an incorrect serial number to invalidate your PPSR registration. Chances are you won’t even realise you’ve made a mistake. We’ve had countless businesses come to us assuming they are PPSA compliant only to find out that their registration is worthless.

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Homewares Company Finds Out It Can Recover $500,000 With Just One PPS Registration

A homewares company became worried about the financial stability of one of its customers and decided to use the Personal Property Securities Register (PPSR) as a way to protect their unpaid for goods should their customer collapse. To make sure they got the registration right, they asked EDX to do it for them.

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