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Empty lot

The office of one local car rental company is now effectively closed, after Globe Finance, Simpson Finance and at least one other automobile financing entity swooped down on its operations over the past week, taking posession of its more than 100 vehicles.

The move has left Executive Rentals Incorporated without a single car to offer for rent and is also attracting the attention of the Fraud Department of the Royal Barbados Police Force, although up to today no formal investigation had been launched into the company’s operations.

In a brief telephone conversation this afternoon, owner Rodney Wilkinson told Barbados TODAY he was not interested in discussing the issue in the press.

However, when a team from this newspaper visited the company’s Worthing office earlier in the day, one female office worker informed that the operations were now closed indefinitely.

The office of Executive Rentals on Worthing has effectively been closed.

The office of Executive Rentals on Worthing has effectively been closed.

The entrance to the car lot was also padlocked, with not a rental car in sight.

A police officer was also seen arriving on the compound. But after speaking briefly with a female worker at the door, the officer made his way around the side of the building before entering the office.

Our team also visited the nearby Globe Finance building on Hastings, Christ Church where a number of the vehicles – with the rental company’s name clearly identifiable – were parked in a full car lot.

Sources there also confirmed to Barbados TODAY that Globe Finance had confiscated more than 50 vehicles from Executive Rentals, which included RAV 4, Mercedes Benz and Lexus brands. The sources also said the rental company was being  subjected to heighted internal scrutiny but declined to say more since the matter was being treated “hush, hush”.

Police officers were however seen visiting the office of Globe Finance this afternoon.

When asked if they were probing the matter, a senior officer in the Fraud Squad said while they had not yet received any formal report, they were told “something”.

“We are waiting on them,” he added.

Sources at Simpson Finance also informed Barbados TODAY that another 50 vehicles were seized from Executive Rentals between last week and this week, and were now impounded at its Warrens location. However they did not wish to go into details about the reason.

Efforts were also made to reach officials at Nassco for comment but these were unsuccessful.

However, it is understood that at least two of the financing institutions with investments in Executive Rentals were already in the process of reselling repossessed vehicles to recoup their monies which this paper has been told could run in excess of a million dollars.

12 Responses to Empty lot

  1. Muhammad Hasan
    Muhammad Hasan September 5, 2014 at 1:16 am


  2. Barker Antony
    Barker Antony September 5, 2014 at 3:22 am

    another one bites the dust

  3. Jewel Forde
    Jewel Forde September 5, 2014 at 5:23 am

    It scares me to think of the amount of time it will take this country to come back from this!

  4. Santini More
    Santini More September 5, 2014 at 6:30 am

    I think there may be more in this particular mortar than the pestle….

  5. Tony Webster September 5, 2014 at 6:36 am

    A credit or loan matter which goes normally dealt with under the civil jurisdiction of our courts, and has nothing to do with the criminal section of our jurisprudence. This might not be a matter totally connected with the “global economic downturn” ( I’d like to carve this in to the back-side of anyone (everyone) who continues to use this tiresome, and trite, and useless excuse for all the injuries we now suffer from “shot-in-my-foot” syndrome).
    On the flip-side, one can expect a lot of interest by new owners for such cars, as they quickly head to their bankers to discuss a car-loan, to snap up a bargain or two. That’s the way the cou-cou crumbles.

  6. David Gibson
    David Gibson September 5, 2014 at 7:39 am

    things that make u go “hmmm”

  7. Mi Shelle Aus Tin
    Mi Shelle Aus Tin September 5, 2014 at 8:27 am

    This is just one of the many reasons why the Barbados economy is taking this long to recover from this recession. Business owners like these, making all the money and not repaying their debts or even spending the funds allocated to them the way it was meant to be spent in the first place…Schuuups!!!!

  8. Peter Marshall
    Peter Marshall September 5, 2014 at 8:50 am

    Middle stump lick out – it is cricket season

  9. Robert Foster
    Robert Foster September 5, 2014 at 9:54 am

    Why is it that the media can’t mention the Company or the individual high profile entertainer? But they can mention the Finance Companies?

  10. David Simpson
    David Simpson September 5, 2014 at 10:47 am

    Please do not blame the “recession” wrongfully. There are alot of unknowns in this story and unless the same happens to a few others, I dont see a direct link if any at all to the recession. Police also are not called into apparently investigate company closures due to poor sales and performance.

  11. Nakita Xiv Iniestaxavivilla
    Nakita Xiv Iniestaxavivilla September 5, 2014 at 11:32 am

    This has absolutely NOTHING to do with debt……..way more in the mortar than pestle. Fraud squad aren’t called in for ‘debt’

  12. Frank Fowler
    Frank Fowler September 5, 2014 at 7:39 pm

    Where can I buy a $20,000.00 luxury car in Barbados?


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