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Industry: Wholesale foods

Product: Asset based lending (ABL)

Facility size: £12.5 million

Business need: MBO and working capital finance

Elements of the deal: £10 million invoice discounting & £2.5 million stock loan

The business has been importing and distributing natural and organic food products to British stores for over 35 years.

The existing management team were looking for working capital and MBO funding, and Close Brothers Invoice Finance successfully tendered an asset based lending package consisting of a £9 milion invoice discounting line and a £1 million stock facility.

Since completion of the MBO, total facilities have grown to £12.5m to support increased turnover and relocation to new modern premises. This in turn has allowed the business to move away from wholesale distribution and focus on higher margin retail sales into UK supermarkets.

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Close Brothers Invoice Finance
Ridgeland House
165 Dyke Road, Hove
East Sussex, BN3 1UY

T: 0127 305 9530 *

*Freephone from landlines

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