Page 4 - Leumi-ABL-Viability-Newsletter-Autumn-2019

CLIENT CASE STUDY: THE BURDEN GROUP

Leumi ABL has completed a deal to support the acquisition and ongoing working capital of the
Burden Group, by Caneda Foods. Leumi ABL’s £14m finance facility supported the acquisition of
two businesses: James Burden and Cavendish Ships Stores.

The Burden Group is a diversified UK food distribution business with locations in London, Tonbridge, Fareham and
Newcastle.It is the largest business operating in Smithfield Market, where it operates under the James Burden name
and is one of the leading meat and poultry trading operations in the UK.Cavendish Ships Stores is a major supplier of
food and beverages to the cruise ship market.
Commenting on this first deal in their buy and build strategy in the food services sector, Paul Barbour, Caneda
Foods Director, said:“Leumi ABL took the time to listen to our requirements and helped to make the process as
straightforward as possible, offering a truly flexible funding package to support the acquisition and meet our working
capital requirements.We were kept well informed at all stages of the deal process and this gave us reassurance.We
look forward to ongoing support from Leumi ABL as we continue our growth plans while retaining the same focus on
delivering high quality products to our customers.”

LEUMI ABL HEAD OFFICE:
YOUR LEUMI ABL SALES CONTACTS: Pacific House, 126 Dyke Road,
Brighton, East Sussex BN1 3TE
T: 01273 716 200
AUSTIN THORP ROB WAKEFORD
F: 01273 716 210
Regional Sales Director Regional Sales Director
- North West - London NORTHERN OPERATIONAL CENTRE:
15 Oxford Court,
athorp@leumiabl.co.uk rwakeford@leumiabl.co.uk
m: 07769 361875 m: 07584 314 360 Manchester M2 3WQ
T: 0161 300 8655
F: 01273 716 210
JONATHAN HUGHES JASON HOLLAND LEUMI ABL REGIONAL OFFICES:
Regional Sales Director Regional Sales Director London:
- Thames Valley & South - Midlands 20 Stratford Place,
London W1C 1BG
jhughes@leumiabl.co.uk jholland@leumiabl.co.uk
m: 07584 630 762 m: 07824 486 820 Midlands:
One Victoria Square,
Birmingham B1 1BD
MARTIN RISMAN JOHN WALSH Yorkshire:
2 Wellington Place,
Regional Sales Director Regional Sales Director
Leeds LS1 4AP
- London - Yorkshire & North East
mrisman@leumiabl.co.uk jwalsh@leumiabl.co.uk Thames Valley:
Davidson House, Forbury Square,
m: 07717 783 497 m: 07824 486 818
Reading RG1 3EU

2019
Asset Based Finance
Leumi ABL Ltd
WINNER
Asset Based Lender of the Year 2017 Standards Framework
UK
To find out more please visit: leumiabl.co.uk