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 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.
Leumi ABL has provided a £multi million Invoice Discounting 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.
Based in the Midlands and 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. The patented low-grade fingerprint technology is complemented by a software system that allows customers to utilise the data collected from the access control platform to manage their workforce, in addition to providing broader security services including integrated CCTV, fire alarms and guarding.
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”.
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 YearREAD MORE
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.