Finance Monthly Global Awards 2016 Edition

34 www.finance-monthly.com Finance Monthly Global Awards 2016 UNITED KINGDOM ASSET BASED FINANCE FIRM OF THE YEAR Winner: Firm Profile Once again Leumi ABL is delighted to have won the title of Asset Based Lender of the Year for the United Kingdom in the Finance Monthly Global Awards 2016. 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 – real differentiators in today’s market. We provide funding lines of up to £30m and have built a strong reputation for our flexible and personal approach. Our sales teams across the UK continue to see increasing optimism and certainty, and this all fuels the market appetite for reliable and flexible forms of financing that will enable confident business growth and expansion. Leumi ABL understands the needs of the Advisory and PE communities and works closely with them and their clients to ensure that financing facilities are structured creatively so as to maximise growth opportunities. A recent notable deal involved Leumi ABL supporting Liberty House Group with growth capital for its engineering businesses. As the UK steel industry continues to generate headlines, Leumi ABL is delighted to have supported Liberty House Group with a £20m Asset Based Lending facility comprising of Invoice Discounting and Stock Finance. The facility will be utilised by Liberty Tubular Solutions and Liberty Distribution to deliver their ambitious growth plans that are already gathering pace. As part of Liberty Industries Group, the Liberty Tubular Solutions and Liberty Distribution Divisions are leading UK manufacturers, distributors and suppliers of steel tubing and specialist tubular components to the automotive and aerospace industries. The businesses are part of Liberty House Group, part of an international privately owned business specialising in metals trading and the manufacture and distribution of steel and advanced engineering products which employs c.3,000 people globally and has a current turnover of approximately $7 billion. Sanjeev Gupta, Executive Chairman at Liberty House Group, commented: “Leumi ABL are an excellent choice of partner to fund our growth plans for this recent strategic acquisition for the group. They were able to work quickly and closely with us to deliver a flexible funding package that will support the growth of our new division. Liberty had access to key senior personnel at Leumi throughout the process which meant the financing was concluded in good time and in line with expectations, allowing us to move forward with our exciting plans for the business.” 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. Contact Details Phil Woodward Managing Director, Leumi ABL Tel: 01273 716200 Mob: 07900 802774 Email: pwoodward@leumiabl.co.uk www.leumiabl.co.uk