Page 4 - LeumiABL-Viability-Newsletter-Spring-2020

DEAL UPDATE: LEUMI ABL COMPLETES
FINANCING DEAL WITH DODSON & HORRELL

Eighty years ago Dodson & Horrell Group began developing and
producing the best possible animal feed on the market. The business
has now grown to become one of the UK’s most trusted leading
horse and pet food suppliers.
Dodson & Horrell has refinanced with Leumi ABL via a structured
£14.5m ABL facility to support future growth plans.
Richard Anderson, Managing Director at Dodson & Horrell,
commented: “We were clear from the outset that working with an asset
based lender would enable the business to secure the right facilities for
investment and growth. After speaking with contacts within the professional
community, we contacted a select number of recommended ABL’s and
from the very outset Leumi ABL set a pace and responsiveness that stood
them out from the competition. Throughout the process, our Regional Sales
Director was always in contact letting us know what was happening, breaking
down the options and offering thoughts on how to structure the funding
to best suit our current business needs. His personable approach struck a chord
early on and when backed up by a well thought through debt package at really
competitive prices we were sold. During the process our finance team were
introduced to the wider Leumi support team who would ultimately take on the
day-to-day management of our account, the training and support they offered
coupled with a feeling they understood our business instantly added to our
confidence that we had found the right partner. We look forward to growing
our business with the support of Leumi and investing in innovative product
development to keep ourselves at the forefront of our markets.”

John Walsh, Leumi ABL Regional Sales Director, added: “The structure
of our ABL package provides a solid funding base from which Dodson & Horrell
can drive future growth aspirations. Once again we were able to structure the
deal and demonstrate our refreshing approach, flexibility and timely response,
enabling Leumi ABL to be the preferred funding partner.”

REGIONAL INSIGHTS CONTINUED...

JONATHAN HUGHES trade credit and longer payment terms from their suppliers, and
THAMES VALLEY & SOUTH we may have to consider longer recourse periods.

jhughes@leumiabl.co.uk Businesses will be looking for finance providers to be
m: 07584 630 762 flexible and fast and prospective clients will need to be
on top of their historic and forecasted numbers.
More companies are going to need to borrow – possibly many
This experience may change our working habits. We were
who did not before so our market may get bigger; particularly
in the South West where there is a lot of food production and already looking at a more tech-focused way of working with
manufacturing which may have enhanced working capital surveys, audits and risk management being done remotely; and
requirements. Post lockdown, companies are likely to want more clients are becoming more comfortable with video conferencing.

2020
Leumi ABL Ltd
WINNER Asset Based Finance
Asset Based Lender of the Year 2017 Standards Framework
UK
To find out more please visit: leumiabl.co.uk