Posted: 8th April 2021 | Share
Leumi ABL, in conjunction with Bank Leumi (UK) plc, has provided a £multi-million structured ABL Facility to Timber Connection to support continued growth plans. Timber Connection has developed into one of the UK’s leading importers and suppliers of hardwoods and clear grade softwoods, having been established in Ware in the early 1990s by Danny Catherall. Sourcing eco-compliant product globally, an extensive range of stockholding includes American & European white oak, poplar, black walnut, iroko, sapele, larch and western red cedar.
Recovering strongly from Covid impact alongside the Construction sector, Timber Connection delivers excellent service to both long-standing existing customers and new customers requiring stock availability and reliable, prompt delivery to anywhere in the UK and Eire.
David Green, Finance Director of Timber Connection, said: “The working capital Facility from Leumi ABL is ideal to support our growth plans. Our customers are requiring increasing levels of stock to facilitate building projects and we have the infrastructure, capability and funding to meet their needs. Leumi are a relationship-driven funding partner who understand our business and have structured a facility to meet our requirements. We have already developed an excellent working relationship with both Leumi ABL and Bank Leumi and look forward to their continued support.”
Martin Risman, Leumi ABL Regional Sales Director, commented “David and the team at Timber Connection operate a tight ship and run a highly efficient and successful business. We are delighted to work with them to help achieve growth plans that will ultimately benefit the Construction sector and wider UK economy as it emerges from the difficulties of the last 12 months.”