Page 2 - LeumiABL-Viability-Newsletter-Winter-2020

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CLIENT CASE STUDY: CLIENT CASE STUDY:

THE RECRUITMENT GROUP LINCOLNSHIRE FIELD PRODUCTS

Leumi ABL has provided a structured £15m Receivables Finance Brassica and potato growers and general leading arable farmers,
facility to support the MBO and future growth of a West Yorkshire Lincolnshire Field Products (“LFP”) has refinanced from a
Recruitment Group of companies alongside NPIF – FW Capital traditional clearing bank to Leumi ABL in a multi-million-pound
Debt Finance. In addition, a £500k loan to secure future growth facility comprising invoice discounting, plant and machinery and
came from NPIF – FW Capital Debt Finance, managed by FW property finance. The facilities enable LFP to invest for future
Capital and part of the Northern Powerhouse Investment Fund growth and provide seasonal working capital.
(NPIF).
Aubrey Day, Group Finance Director at LFP, said: “From the
The Management Team said: “From the outset Leumi ABL first time we met Leumi, we were very comfortable with the
set a pace and responsiveness that stood them out from the straightforward and refreshing approach – matters progressed
competition. The support they offered coupled with a feeling they extremely smoothly and the facilities, which were unavailable
understood our business instantly added to our confidence that from our existing bank, give LFP an even firmer footing for
we had found the right partner.” future years.”