This shows ParkingEye's credit rating has been in free-fall since the beginning of this year. An unconfirmed report from another credit rating agency has rated ParkingEye as low as 25/100.
Duedil recommends a credit limit of £32,000.
It is not known why ParkingEye's credit has dropped so spectacularly. It may be that the agencies have realised that the company has essentially zero value. If every single motorist was to appeal their charge to POPLA on the grounds that the charge is not a genuine pre-estimate of loss then based on previous results POPLA would cancel every charge, leaving ParkingEye with zero income and POPLA costs of nearly £19 million.
The Parking Prankster