Finance Monthly Global Awards 2018 Edition

ASSET BASED FINANCE ADVISORY FIRM OF THE YEAR Firm Profile 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 £35m and are trusted by professional introducers nationwide to structure the most effective facility for their clients. 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. Leumi ABL has the expertise to provide tailored Asset Based Lending services to the Private Equity world with a reputation for delivering on innovative solutions in a timely and professional manner. We have an increasing proportion of £multi-million structured ABL facilities supporting larger businesses. Our Brighton Head Office has expanded and is joined by our Northern Operational office in Manchester, plus four Regional Sales offices, giving full UK coverage. A recent notable deal involved Leumi ABL supporting the MBO of two businesses, Steel Plate & Sections Limited and Stemcor Special Steels Limited from their holding company group. The management team was supported with investment from Breal Capital affiliates and secondary funding from Breal Zeta Limited. Steel Plate & Sections and Stemcor Special Steels both sell speciality steel products to customers in the oil and gas sectors. Leumi ABL provided finance to support the acquisition with an aggregate facility of £14.5m, comprising a £9m CID facility, £4.5m inventory facility and a £1m term loan. Commenting on the deal, Brent Osborne of behalf of Breal Group said: “Leumi ABL’s proposal was attractive as it provided funding against all the business assets. Leumi worked with us to make sure completion was achieved in the required and challenging timeline, whilst really understanding the business.” Robert Wakeford, Regional Sales Director at Leumi ABL said: “This is the second corporate carve out we have funded in one month, and on both occasions it has been the certainty of delivery against a deadline that has been critical to the success of the deal.” In another deal, Leumi ABL supported 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 a time of much uncertainty, Leumi ABL continues to be very much open for business. Our personal and flexible approach ensures we can structure and deliver deals with confidence, enabling our clients to maximise growth opportunities. Once again, Leumi ABL is delighted to have won the title of Asset Based Finance Advisory Firm of the Year for the United Kingdom in the Finance Monthly Global Awards 2017. Contact Phil Woodward, Managing Director, Leumi ABL Limited Tel: 01273 716200 Mob: 07900 802774 Email: pwoodward@leumiabl.co.uk www.leumiabl.co.uk Finance Monthly Global Awards 2017 www.finance-monthly.com 35 UNITED KINGDOM