Specialising in structured ABL facilities from £1m to £35m with exceptional levels of client service. We have built a reputation for our deal focussed yet personal and flexible approach to completing deals
Leumi ABL is proud to have repeated their winning title of UK Asset Based Lender of the Year in the ACQ Global Awards 2018.
As the specialist Asset Based Lending subsidiary of Bank Leumi (UK) plc, part of the Bank Leumi Group, we are known for our personal service, flexible approach and speed of response. Providing funding lines of up to £35m, our full ABL capability includes Invoice Finance, Stock Finance, Plant & Machinery Finance, Trade Finance and Term Loans.
Working closely with our nationwide network of professional introducers, we are trusted to structure the most effective facility for their clients. As British Venture Capital Association Associate members, we work alongside the Private Equity house community and have extensive, practical experience in leveraged ABL structures in conjunction with PE. Our clients enjoy a completely tailored funding package from our broad range of ABL solutions.
In a recently completed deal, Leumi ABL provided a £multi-million facility to support the growth of Biosite Systems, a supplier of biometric workforce management and site security solutions into the construction sector. Backed by Mobeus Equity Partners, Biosite provides technologically advanced fingerprint recognition devices and operationally enhancing control management systems. The Leumi facility provides flexible funding to support significant growth plans.
Established in 2011 by entrepreneurs, Dr Li Wang and Dr Greg Reynolds, the business has developed a unique algorithm for site worker control and received investment from Mobeus in 2016. With a client base including many Construction Corporates, Biosite is at the forefront of contractor management and project efficiency in the sector.
Li Wang, Founder and Director of Biosite said: “We are delighted to have secured this funding from Leumi ABL to support our development plans. Leumi have taken the time to understand the nuances of our business and we look forward to building a very successful working relationship.”
Amit Hindocha, Investment Director at Mobeus Equity Partners, added: “We approached Leumi due to their ability to structure business-appropriate financing packages. Leumi has delivered a funding solution which will provide essential flexibility and support for Biosite’s growth ambitions.”
Martin Risman, Leumi ABL Regional Sales Director, commented: “Biosite is an exciting progressive business with great technology, an award-winning investor and a stand-out growth plan. We look forward to being involved in supporting the business in the next stage of its journey”.
Leumi ABL’s personal and flexible approach ensures we can structure and deliver deals with confidence, enabling our clients to maximise growth opportunities.
Leumi ABL is delighted to have repeated its success of the past three years by once again winning the title of Asset Based Finance Advisory Firm of the Year for the United Kingdom in the Finance Monthly Global Awards 2018.
Leumi ABL is the specialist asset based lending subsidiary of Bank Leumi (UK) plc, offering a full asset based lending capability to growing businesses. We provide working capital solutions by funding against invoices, stock and plant & machinery, plus trade finance and term loans. We provide funding lines of up to £35m and are trusted by professional introducers nationwide to structure the most effective facility for their clients.
Our extended ABL product range has supported our focus on larger deals, with more clients benefiting from our five year term loans and trade finance facilities. This has enabled us to offer real flexibility to clients’ funding needs and helps to differentiate clearly our full ABL offering.
At Leumi ABL, we apply our entrepreneurial spirit and creative approach to all business opportunities to maximise the funding available. Our focus on short decision lines and continued senior involvement at all stages of our relationship with you can offer a refreshing alternative to some attitudes in larger and more traditional institutions.
We continue to build and reinforce our relationships with the Private Equity community, and are pleased to see a greater proportion of PE sponsored deals. This has created some good opportunities for our experienced team and we are building a strong reputation amongst the PE community as an ABL provider that takes the time to listen to clients, works hard at building relationships and delivers what we promise.
Our Brighton Head Office is joined by our Northern Operational office in Manchester, plus four Regional Sales offices, giving full UK coverage.
In a recent deal, Leumi ABL is pleased to be supporting the growth plans of Indo-European Foods (IEF) with a structured finance facility totalling £14.225 million.
Trading in the UK for 15 years, IEF have built a reputation for creating the finest quality products and bringing the true taste of India to the UK. Selling predominantly rice along with Indian cooking sauces and ingredients under the Kohinoor and Trophy brands, they supply supermarkets and large wholesalers.
Seeking to finance ambitious growth plans, IEF selected Leumi ABL.
Commenting on the new financing deal, Sumit Arora, Managing Director at IEF, said: “It has been an absolute pleasure to work with Leumi ABL. They are the ideal bespoke fit for our food manufacturing and import business. I was very impressed with how quickly and seamlessly we were able to migrate from our existing lenders to Leumi. The Leumi ABL model is an effective yet simple to operate facility for a business to borrow against its mixed portfolio of assets. The team at Leumi is extremely professional and helpful and I am looking forward to working with them in the future as our business grows.”
Rob Wakeford, Leumi ABL Regional Sales Director (London), added: “Working closely with the senior team, it was clear that IEF has a strong plan for growth and required flexible financing to take advantage of new opportunities, whilst dealing with the challenges of exchange rate movements. Leumi ABL was able to provide fully revolving facilities against debtors and stock that will grow as the business grows, and additional lending offers further flexibility. We are delighted to be supporting IEF as they continue their growth strategy.”
At a time of continuing uncertainty, the Leumi ABL team is confident about the strong relationships we have built in the marketplace. The focus we have on completing deals with confidence and with certainty will
enable us to continue providing the creativity and flexibility that clients require to support their ambitions.
Leumi ABL has won the title of Alternative Lender of the Year at the Thames Valley Deals Awards 2018.
Thames Valley Regional Sales Director, Jonathan Hughes, was thrilled to accept the award at a gala evening at the Royal Berkshire Conference Centre in Reading on 19th April.
Commenting on their fourth win in five years, Jonathan Hughes commented: “We are really delighted to win this award. We are grateful to the members of the professional community in Reading who have nominated us, and to the judges for choosing us. We have been actively supporting mid-market dealmakers and management teams in the Thames Valley, and nationally, for over ten years. We look forward to providing growing companies with asset based lending facilities for many years to come.”
Many thanks to Vail Williams who sponsored this award.
Major deals completed recently by Leumi ABL include a £multi-million CID facility to a supplier of security solutions to the construction industry; and a £5m ABL facility to a Private Equity backed supplier of cash processing machines requiring flexible funding to support their global growth plans.
Once again, Leumi ABL is proud to have won the title of UK Asset Based Lender of the Year in the ACQ Global Awards 2017. In addition to their repeat win, they were also named as UK SME Asset Based Lender of the Year, and Leumi ABL CEO, Paul Hird has won the title of UK Gamechanger of the Year.
Leumi ABL is the specialist Asset Based Lending subsidiary of Bank Leumi (UK) plc, which has been operating in the UK since 1902. This gives us the flexibility of an independent provider supported by the strength of a long established parent bank.
We offer a full asset based lending capability to growing businesses and provide working capital solutions by funding against invoices, stock and plant & machinery, plus trade finance and term loans. We provide funding lines of up to £35m and are trusted by professional introducers nationwide to structure the most effective facility for their clients. As British Venture Capital Association Associate members, we work alongside the Private Equity house community and have extensive, practical experience in leveraged ABL structures in conjunction with PE. We draw on a range of solutions to offer a completely tailored funding package to our clients.
A recent notable deal involved Leumi ABL supporting recruitment business, Quba Solutions Ltd. Quba is a recruitment services business that operates a complete back office for recruitment agencies. Quba has invested significant time and money into their unique online dashboard system, this includes the creation and authorisation of timesheets online, automated invoicing, credit management and finance that enables its agency clients to concentrate on clients and candidates.
Paul Tonks, Quba’s Finance Director, added: “Business has really taken off, and we became concerned about stretching our resources so we accelerated a search for a finance provider to partner with. The facility with Leumi ABL solves that problem, by growing with us. The initial limit will allow us to treble our business before we need to ask for a review.
“Leumi ABL took the time to understand our business, introducing us to our client manager before they had even done the due diligence, to make sure we knew what they expected of us, and what we would get from them. That way, we were able to feel comfortable with Leumi ABL early on, and ensure that there will be no surprises.”
At Leumi ABL we focus on short decision lines and continued senior involvement at all stages of our relationship with our introducers and clients. Our personal and flexible approach ensures we can structure and deliver deals with confidence, enabling our clients to maximise growth opportunities.
Asset Based Lender of the Year
Winner: Leumi ABL
Completing eight deals with combined committed facilities of about £46m, Leumi ABL has supported a host of businesses across numerous sectors, exemplifying the growing use of asset finance in the corporate finance world.
For full details click here.
From L to R – Phil Woodward, Andy Slim (Commercial Director, Business Insider), John Walsh.
Midlands Dealmakers Awards 2016
Asset-based Lender of the Year
Winner: Leumi ABL
This is the first time the Asset-based Lender award has gone to Leumi ABL. It provided the necessaries for deals, such as the £14m development capital for Knighton Foods and £10m into tableware maker Dudson. Read more here.
Asset Based Lender of the YearREAD MORE
Asset Based Lender of the Year
Asset Based Lender of the YearREAD MORE
Asset Based Lender of the Year
Leumi ABL Wins Thames Valley Deals Award
Leumi ABL is pleased to announce that it has won the title of ‘Alternative Lender’ in the Thames Valley Deals Awards 2016.
The event, held at the Royal Berkshire Conference Centre, was presented by Mark Durden-Smith and attracted many from the Thames Valley corporate finance & Private Equity community.
The award, decided by an independent panel of judges, was presented to Leumi ABL’s Jonathan Hughes by sponsors, Wilson Partners.