News & Case Studies

Case Study

Leumi ABL’s £20.8m flexible finance facility will provide Dunlop Aircraft Tyres with working capital both in the UK and USA

Posted: 7th September 2023   |   Share

Dunlop Aircraft Tyres

Leumi ABL is very pleased to be supporting Birmingham headquartered Dunlop Aircraft Tyres, one of the world’s leading manufacturers of aircraft tyres, and the only pure-play provider in its market.

A British heritage brand, the company can trace its roots back to the late 19th century and still manufactures from the Fort Dunlop site in Birmingham which was built by the company during the First World War. 

The company now has operations in the UK, the USA, and China affording it global manufacturing and re-treading capabilities. The aviation sector has bounced back strongly from the Covid pandemic, and a combination of world class tyres and dependable supply chain provide significant opportunity for growth over the coming months and years.

Leumi ABL’s £20.8m flexible finance facility will provide working capital both in the UK and the USA and enable Dunlop Aircraft Tyres to continue to drive growth as the aviation sector further recovers from Covid interruption. We are delighted to have partnered with Dunlop’s owners Liberty Hall Capital Partners, who specialise in businesses serving the aerospace sector.

Commenting on the deal, Shashank Dhawan, CFO at Dunlop Aircraft Tyres, said: “We are very pleased partnering with Leumi, for our new flexible finance facility. It is a privilege working with the Leumi team, which has demonstrated high professional standards and flexibility to design a facility aligned to our requirements. The ABL facilities reflect the strength of our balance sheet and provides the key ingredient towards supporting the growth ambitions of Dunlop Aircraft Tyres. The strong support we received from our co-investors and financiers is a testament of Dunlop’s core business model as well as its relationships with its stakeholders.”

Ryan Whitworth, Leumi ABL Regional Sales Director, added: “It has been a privilege to work with the senior team at Dunlop and Liberty Hall to tailor a working capital solution which enables Dunlop Aircraft Tyres to continue its growth on the back of unprecedented interruption. Together with the team at Dunlop we have structured a facility which successfully blends classic super senior and asset based lending. A cross border facility of a meaningful size with room to grow.”