Reguion. CarLovers in trouble

The major shareholder, Berjaya, has appointed receivers, PKF, to protect is secured loans in CarLovers Carwash group, based in Seven Hills, which has outlets across Western Sydney and interstate. Berjaya bought the company in 2003 in an off-market cash takeover after it went into administration, according to The Australian Financial Review. PKF partner, Ken Whittingham said it planned for CarLovers to trade on and to sell the business as a going concern as quickly as possible