Leumi ABL Limited is the specialist asset-based lending subsidiary of Bank Leumi (UK) Plc, which has been operating in the UK since 1902. Working closely with the private equity sector, they offer tailored leveraged ABL funding packages to their clients.
Specialising in structured ABL facilities up to £37.5m, their ABL capability includes invoice finance, stock finance, plant and machinery finance, trade finance, term loans and property finance. We have acted for long-standing client Leumi ABL on numerous transactions over the years, including several in FY2020/21.
Leumi’s refinancing for Lincolnshire Field Products
In June 2020 arable farmers Lincolnshire Field Products (LFP) refinanced from a traditional clearing bank to Leumi ABL. This multi-million-pound facility comprised invoice discounting, plant and machinery, and property finance. The funding enabled LFP to invest for future growth and provide seasonal working capital.
Spalding-based LFP supplies produce all year-round including broccoli, cauliflowers, sprouts, cabbage and kale to many of the UK supermarkets that are currently enjoying buoyant growth as the population stay at home due to the effects of the COVID-19 pandemic and the related restrictions.