Persons entitled
- Mercantile Credit Company Limited
Amount secured
All sums due or to become due
Short particulars
All the stock of new caravans manufactured by ace belmont international limited or any of its subsidiaries supplied on assignment to the borrower by mercantile abi limited and all the interest of the borrower (if any) in such caravans.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge