Page 4 - Leumi-ABL-Deals-Review-2015

Case study: Knighton Foods

Leumi ABL has supported Knighton Foods with a £14m
Asset Based Lending facility to fuel further growth.
Knighton Foods is the leading UK supplier of instant dry
powder food products for retailers, manufacturers, food
service customers and brand owners. The business processes
and packs a wide range of high quality products including
hot beverages, instant desserts, custards and whips, bakery
ingredients, instant milks, coffee creamers and fat powders.

Following the recent Joint Venture with Premier Foods,
Knighton Foods required a more flexible approach to their
working capital requirements and looked at a number of
financing options.

Leumi ABL was selected to provide a £14m ABL facility,
consisting of Invoice Discounting, Stock Finance, Plant
and Machinery Finance and a Term Loan.
Mike Kirby, Chairman of Knighton Foods, commented:
“The business is looking to expand rapidly over the next
few years with new investment in people, systems, product
development and packaging formats, while retaining the same
focus on delivering high quality products to our customers.
Leumi ABL offered the most comprehensive and flexible
funding package to meet our working capital requirements.
In addition, we found John Walsh and everyone we dealt with
at Leumi ABL to be very genuine and approachable and we
look forward to working with them as the business expands.”

If you would like any more information about Leumi ABL Head Office:
the Leumi ABL offering, please contact: Pacific House, 126 Dyke Road,
Brighton, East Sussex BN1 3TE
Phil Woodward, Managing Director t: 01273 716 200 f: 01273 716 210
e: pwoodward@leumiabl.co.uk t: 01273 716 200 m: 07900 802774
Leumi ABL Regional Offices:
Martin Risman, Regional Sales Director – London Midlands:
e: mrisman@leumiabl.co.uk m: 07717 783497 One Victoria Square, Birmingham B1 1BD
Yorkshire:
Rob Wakeford, Regional Sales Director – London 2 Wellington Place, Leeds LS1 4AP
e: rwakeford@leumiabl.co.uk m: 07584 314360
Manchester:
Jonathan Hughes, Regional Sales Director – Thames Valley & South Peter House, Oxford Street, Manchester M1 5AN
e: jhughes@leumiabl.co.uk m: 07584 630762 Thames Valley:
Davidson House, Forbury Square, Reading RG1 3EU
Jason Holland, Regional Sales Director – Midlands
e: jholland@leumiabl.co.uk m: 07824 486820

Bob Richards, Regional Sales Director – North West
e: brichards@leumiabl.co.uk m: 07825 049742

John Walsh, Regional Sales Director – Yorkshire & North East To find out more please visit:
e: jwalsh@leumiabl.co.uk m: 07824 486818 www.leumiabl.co.uk

ABL MULTI FINANCIAL AWARD WINNERS 2014 -2015