Lambert Smith Hampton Asset Based Lending

Our work - 13/09/2019

Appraisals of the plant and equipment to support a fixed term loan.

Instructed by a relatively new entrant to ABL market

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The Brief

  • Instructed by a relatively new entrant to ABL market
  • To assist an acquisition by a private equity “buy and build”company.
  • To provide appraisals of the plant and equipment to support a fixed term loan.

Logisitics

  • UK’s largest independent popcorn manufacturer supplying the retail, leisure and hospitality sectors.
  • A significant proportion of the assets were subject to outstanding finance.
  • Assimilate information from a significant number of individual finance agreements and assess the equity position or otherwise in order to gauge suitability for loan security.

Resolution

  • Undertook detailed site surveys to correlate identification of assets both physically and as recorded by finance companies.

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