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Aquila Processing Limited
Aquila Processing Limited serves the foodservice and retail sectors, specialising in fish and seafood processing and has a stable blue chip customer base. Now entering their second year of trading, a significant proportion of their business is covered by annual or longer-term contracts. As a result, Aquila Processing has enjoyed solid growth and is confident about future growth ambitions. During 2009 the company plans to create at least 70–80 new jobs in Grimsby.
Seeking financing for the business to support these growth opportunities and provide additional working capital, Aquila Processing approached asset based lending specialists Leumi ABL. The deal completed In March 2009 with Leumi ABL supplying a confidential invoice discounting and stock facility totalling £3 million. Timing was important and Leumi ABL pulled out all the stops to ensure a speedy deal completion, while other banks were slow to offer indicative quotes and formal offers.
Hoskuldur Gudmundsson, Managing Director at Aquila Processing, comments: “Leumi ABL stood out from other finance providers as they responded immediately to our needs and took a very professional approach backed up by quick decisions. Throughout the deal negotiations the people we dealt with at Leumi ABL were very capable, got straight to the point and demonstrated sound commercial thinking.”
John Walsh, Leumi ABL’s Regional Sales Manager covering Yorkshire, Humberside and the North East adds: “Our approach at Leumi ABL is to spend time right from day one to get to know the client’s management team, understand their business and their needs. Despite the complexity of this particular deal our commitment to structuring the right deal for the client won the day. Aquila Processing has a strong and stable management team and we look forward to working with them as they continue their growth plans.”
Aquila Processing Limited serves the foodservice and retail sectors, specialising in fish and seafood processing and has a stable blue chip customer base. Now entering their second year of trading, a significant proportion of their business is covered by annual or longer-term contracts. As a result, Aquila Processing has enjoyed solid growth and is confident about future growth ambitions. During 2009 the company plans to create at least 70–80 new jobs in Grimsby.
Seeking financing for the business to support these growth opportunities and provide additional working capital, Aquila Processing approached asset based lending specialists Leumi ABL. The deal completed In March 2009 with Leumi ABL supplying a confidential invoice discounting and stock facility totalling £3 million. Timing was important and Leumi ABL pulled out all the stops to ensure a speedy deal completion, while other banks were slow to offer indicative quotes and formal offers.
Hoskuldur Gudmundsson, Managing Director at Aquila Processing, comments: “Leumi ABL stood out from other finance providers as they responded immediately to our needs and took a very professional approach backed up by quick decisions. Throughout the deal negotiations the people we dealt with at Leumi ABL were very capable, got straight to the point and demonstrated sound commercial thinking.”
John Walsh, Leumi ABL’s Regional Sales Manager covering Yorkshire, Humberside and the North East adds: “Our approach at Leumi ABL is to spend time right from day one to get to know the client’s management team, understand their business and their needs. Despite the complexity of this particular deal our commitment to structuring the right deal for the client won the day. Aquila Processing has a strong and stable management team and we look forward to working with them as they continue their growth plans.”
