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