April 12, 2013|
Dealmakers Monthly Magazine Country Awards
Leumi ABL: Asset Based Lender of the Year – UK
Leumi ABL is delighted to have won the title of Asset Based Lender of the Year for the United Kingdom in the Dealmakers Monthly Magazine Country Awards 2013. Leumi ABL is the specialist asset based lending subsidiary of Bank Leumi (UK) plc, an international bank that last year marked its 110th anniversary.
Providing funding from £1m to £25m, Leumi ABL provides a full range of asset based lending facilities, including stock finance and plant and machinery finance, real differentiators in today’s market. This is supported by trade finance and property finance facilities via Bank Leumi (UK).
Despite the relentless gloomy press headlines, our sales teams across the UK are seeing more confidence in the SME sector, and whilst not yet resolved, there are fewer Euro scares and businesses are now actively looking to export to new markets. This all fuels the market appetite for reliable and flexible forms of financing that will enable confident growth and expansion. Leumi ABL continues to work closely with businesses and their advisors to ensure that financing facilities are structured creatively so as to maximise growth opportunities. The team is rapidly earning a reputation for their flexible and highly personal approach to assisting business growth.
Notable deals last year included providing financing to 229 year old business Brintons Carpets Limited, one of the world’s leading premium brand carpet manufacturers. Leumi ABL supported Brintons with a multi asset ABL package totalling £11.5m, comprising Debtor, Stock and Plant and Machinery facilities.
Another deal saw Leumi ABL support the Management Buy-In of Eddington’s Limited, a supplier of innovative housewares products to retailers in the UK and continental Europe. Leumi ABL impressed the client with their detailed understanding of the client’s requirements and an ABL package combining invoice discounting and stock finance was put in place to support the MBI.
With indications that M&A activity is on the increase and refinancing continues to come out of high street clearers, Leumi ABL is well placed to offer the consistency and stability which is so highly valued by growing businesses.