Smart Parking Ltd

Part of a group listed on the Australian small companies stock exchange. Known to be accident prone. A number of articles exist to show the staff have been engaged in fraud and embezzlement - likely due to poor internal controls. Highly loss-making and would be bankrupt were it not for its shareholders. How long their patience will last in unknown. See letter at the end of this article.

More on this company on the main BMPA website.

Stage 1 - Notice to Driver

Smart paper ticket on car

Stage 2 - Notice to Keeper

The Notice to Owner (should be Notice to Keeper) is sent after a paper ticket was placed on the car to alert the Keeper of the outstanding charge. The second example is an ANPR letter which Smart sends if they are not using paper tickets. Timings are different so check your dates

Stage 2a - Reminder to Keeper

Some companies send out a reminder 7 days after the Notice to Keeper letter. This confuses people as they think they have lost the chance to appeal. You haven't. You can still appeal within the 21 days though there is no legal reason why you cannot appeal at any time to "mitigate" loss.

Stage 3 - Appeal Rejection

Everyone gets one of these but this is your chance to appeal to the Ombudsman to get it cancelled.

Smart Parking appeal rejected

Stage 4 - Debt Collector letters

See the Debt Collection section for more information on this stage. 

 

Will Smart run out of cash asks the Australian Securities Exchange?

There is fear amongst Smart Parking's investors the company may run out of cash which prompted the ASX to write to them in November 2015 for assurances. Soon after a financial PR campaign appeared with the apparent aim to bolster the share price - perhaps as a preliminary attempt to shift some stock of the key stockholders. Download letter below.

 

Company number: SC138255

Address: 5 South Inch Business Centre, Shore Road, Perth PH2 8BW

Operate from: Unit 43 Elmdon Trading Estate, Bickenhill Lane, Birmingham B37 7HE

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