Whilst Asset Based Lending (“ABL”) has been a mainstream form of finance in the
US for decades, it has only been part of the UK funding landscape since the late
1990s. This funding platform is becoming increasingly popular and whilst other
forms of funding prove difficult to obtain, structured ABL packages are now being
offered to UK businesses as a major true alternative to traditional funding.
ABL has moved on from traditional single asset finance, such as Factoring and
Invoice Discounting to a more comprehensive structured all asset class offering,
including; Accounts Receivables, Inventory (Commodity, Manufacturing, Wholesale
and Retail), Plant & Machinery, Property and others, such as; Brands.
The major industry sectors currently utilising ABL are; Manufacturing, Services,
Distribution, Construction and Transport.
Collateral valuations and due diligence surveys are a big part of the secured
asset based lenders considerations when reviewing ABL and are a major requirement
of the credit process. These valuations and surveys support the lenders structured
deal offering and are vital in the decision making process for secured lending
on acquisitions, refinance and MBO/MBI deals.
Here at Sanderson Weatherall, we provide specialist advice and support to many
Asset Based Lenders across the UK and Ireland; supporting both domestic UK and
cross border European transactions where required. Our advice extends further
to the Corporate Finance Advisors, Private Equity Investors and direct to businesses.
We have a unique team with extensive UK, European and US experience in collateral
valuation, due diligence, risk profiling, portfolio management and exit strategy.
We offer collateral valuation and due diligence primarily on the following asset
classes:
· Commodity Inventory;
· Commercial and Industrial Manufacturing Inventory;
· Wholesale Inventory;
· Plant and Machinery;
· Property
With the knowledge and experience here at Sanderson Weatherall, given our national
coverage, we have the range of skills to support the needs for collateral reviews,
due diligence, valuation for all secured lending requirements; whether new business,
managing existing lending portfolios or advising on risk and recovery profiles.
For further information and to discuss your requirements, the principal contacts
are below:
Principal contacts:
Christian Humphreys
Telephone: 0161 259 7028
Mobile: 07764 232704
Lee Joyce
Telephone: 020 7851 2140
Mobile: 07717 558213
