Page 4 - LeumiABL-Viability-Newsletter-Winter-2020
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YOUR LEUMI ABL
                                                                           SALES CONTACTS:


                                                                                        AUSTIN THORP
                                                                                        Regional Sales Director
                                                                                        - North West
                                                                                        E: athorp@leumiabl.co.uk
                                                                                        M: 07769 361875


                                                                                        JONATHAN HUGHES
                                                                                        Regional Sales Director
                                                                                        - Thames Valley & South
                                                                                        E: jhughes@leumiabl.co.uk
                                                                                        M: 07584 630 762

        CLIENT CASE STUDY:                                                              MARTIN RISMAN

        MERSON GROUP                                                                    Regional Sales Director
                                                                                        - London
                                                                                        E: mrisman@leumiabl.co.uk
        Leumi ABL has completed a refinancing deal with Merson Group,                   M: 07717 783 497
         the Place Branding and Digital specialist which is headquartered
        in Glasgow with operations in London and Poland.
                                                                                        JASON HOLLAND
        The facilities combine a working capital Invoice Financing arrangement          Regional Sales Director
        together with Property Term Funding that are part supported by a UK             - Midlands
        Government-backed CBILS loan.                                                   E: jholland@leumiabl.co.uk
                                                                                        M: 07824 486 820
        Merson Group has navigated the reduced trading levels through the
        Covid lockdown period by carefully managing the risks involved and
        implementing new procedures for a Covid-19 safe working environment.            JOHN WALSH
        Now experiencing a healthy pick-up in activity, bolstered by strong client      Regional Sales Director
        connections in the grocery sector, this financing deal marks a significant      - Yorkshire & North East
        step forward, puts the business on a solid footing and protects 200+            E: jwalsh@leumiabl.co.uk
        UK jobs.                                                                        M: 07824 486 818
        CEO, Roddy Angus, said, “It’s an understatement to say that this has
        been an extremely challenging time for us, as it has for most businesses.       RYAN WHITWORTH
        We had up to 50% of our UK staff on furlough at some point but thankfully       Regional Sales Director
        the vast majority are now back full time. The refinancing really puts us        – London
        in a good place to maximise the opportunity in our client sectors that are      E: rwhitworth@leumiabl.co.uk
        performing well – the deal highlights the strength of our relationship with     M: 07824 486 819
        Leumi ABL and enables us to maximise the efficiency of our asset funding
        structure while at the same time strengthening the equity base of the
        company.”
                                                                           LEUMI ABL HEAD OFFICE:
        Austin Thorp, Leumi ABL Regional Sales Director, added: “Merson Group   Pacific House, 126 Dyke Road,
        is an exciting, well established business with a strong customer base    Brighton, East Sussex BN1 3TE
        and ambitious future growth plan. The structure of our facilities provides   T: 01273 716 200
         a solid funding base from which the business can expand and prosper,   NORTHERN OPERATIONAL CENTRE:
        and we are delighted to be involved in supporting the business in the next
        stage of its journey.”                                             15 Oxford Court,
                                                                           Manchester M2 3WQ
                                                                           T: 0161 300 8655










                                                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
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