Thames Valley: Leumi ABL deals echo boost in business confidence

Business confidence in the UK now stands at its highest level for six years, according to the latest economic survey from the British Chambers of Commerce. Mirroring this recovery, Leumi ABL has seen a notable shift in the mood in the market during the first half of 2013 and an increasing appetite for its flexible asset-based lending packages that support healthy growth. 

The firm's deals from the past six months include:

• £5.75 million multi-asset refinance deal, including invoice finance and stock finance, to UK road transport services market leader the Hardstaff Group.
• £2.775m multi-asset facility, including invoice finance, P&M facility and agreed overpayment to leading foundry business Noel Village.
• £6.75m multi-asset facility, including invoice finance and P&M facility to a wholesale dairy business.
• £2.5m multi-asset facility including invoice finance, P&M facility and agreed overpayment to hygiene products manufacturer Coventry Chemicals.
• £20m invoice finance deal covering sterling, euro and US dollars, plus facility from Bank Leumi UK, to an AIM-listed recruitment business.
• £6.5m multi-asset facility including funding from Bank Leumi UK to a car components manufacturer.
• £confidential multi-asset finance package to healthcare product specialist BR Pharmaceuticals.

"We have a healthy pipeline now going into the second half of 2013 and look forward to continuing to support our clients’ financing needs," said regional sales director Jonathan Hughes.