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Safeguarding your assets and personal property.
Home » Products and Services » PPS Services

Your peace of mind is important.

Do you hire out/have unsecured gear on your client’s site? How would it impact you if a client went into liquidation? Lastly, are your goods and assets registered on the PPSR?

Unfortunately, the reality is if your client goes into liquidation, the process happens swiftly, their premises closed, and your assets frozen as part of the proceedings. As a result, without documentation in place, you could find yourself out of pocket, in more ways than one.

We can assist you to become a secured creditor.

What is the PPSR?

PPSR stands for Personal Property Securities Register, and is an online service account where you can register a legal claim to your personal property.

The register helps businesses and individuals protect themselves financially, reduce investment risk, gain access to credit, and make better-informed financial and purchasing decisions. If you’re selling goods on credit, you’ve probably signed a contract establishing your rights to the property should the customer fail to pay. But what if there are other creditors waiting in line?

As a ‘Secured Creditor’:

  • You are in the best possible position to recover goods supplied to your customer or claim the monetary value, should your customer default
  • Are given priority over creditors who’ve not registered an interest, and those who register after you
  • If the customer has assets of value in the event of insolvency, you may be first in line to claim the distribution of funds from the sale of assets
  • Limit the risk of being affected by preferential payment clawback

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Are you buying goods?

You can also check the PPSR to see if there is any debt or obligation attached to goods you may wish to buy.

Ways we can help.

  • Reviewing all relevant documentation to ensure compliance with appropriate Legislation
  • Completing PPS Registrations on your behalf on the PPS Register (PPSR)
  • Establishing a Secured Party Group on your behalf.
  • Ensuring registrations have the correct legal entity prior to registering
  • Confirmation that registrations have the correct contact and address details
  • Maintaining your PPS Registrations for up to five years

We can also:

  • Provide phone assistance on all registration matters
  • Provide assistance on how to complete a registration form
  • Ensure you have the correct paperwork in place to allow your interest to be registered
  • Advice on what changes need to be made to your documentation to complete a registration

We can save you money and time by taking over this function.  We can also help reduce the possibility of registering an invalid interest by not having the correct documentation in place, the correct collateral type noted, or incorrect debtor details loaded.

Did you know?

A large part of protecting your position when it comes to PPS Registrations comes down to your Terms and Conditions of Trade.

We are specialists in writing customised Terms and Conditions for many SME and large organisations throughout New Zealand from a diverse range of industries.

With our vast experience in writing Terms and Conditions of Trade we ensure that our clients are not only protected from a PPSR perspective but also from many other perspectives such as Debt Collection, Privacy, Disputes and more.

Talk to us today to ensure your Terms are up to date.

Want to know more?

Our friendly Customer Service team are available to talk about all things PPSR.

Call us today at 0800 324 768 or fill in the form and we will get in touch as soon as possible.

Get more information

See what our clients are saying:

Wolf Mach
Wolf Mach
26. June, 2024.
Fast and very efficient
Chris Buckley
Chris Buckley
18. June, 2024.
Colin has been extremely helpful getting my owner/ operator business sorted with all the correct forms. He has listened to what I want to do with my business and always offered really good advise to cover many different scenarios. The website is also very easy to use and I can clearly see what is happening with bad debtors at any time.
Angela Kerrigan
Angela Kerrigan
13. June, 2024.
great service and quick resolution
Wainwright & Co Stonemasons
Wainwright & Co Stonemasons
9. June, 2024.
We have been with EC Credit Control for many years. We highly recommend their services, especially for new or small to medium size businesses.
Colin Parkinson
Colin Parkinson
12. April, 2024.
Quick action from request - sorted