UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. In addition to those of the ABFA, the new organisation takes on most of the activities previously carried out by the British Bankers’ Association, the Council of Mortgage Lenders, Finance Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.
Material published by the ABFA prior to 1 July 2017 is still available on this website and Members can still log in here to access Member only content. All ABFA contact details are still valid for the time-being and staff can also be contacted on their new email addresses: [email protected].
Asset Based Lending
The Asset Based Finance industry as a whole has gone from strength to strength in the UK and Ireland. Currently roughly 42,000 businesses are using this industry’s products and services, namely Factoring, Invoice Discounting and Asset Based Lending (or ABL), to grow their businesses. However, in more recent years it is the advent of Asset Based Lending which has got everyone talking. The UK financial market often follows the lead of the market in the USA, and Asset Based Lending is no exception.
Asset Based Lending is well established in the USA and is becoming increasingly so in the UK. Asset Based Lending is when an organisation lends money to an organisation against their property, plant, machinery, stock, or sometimes even their brand name. It delivers sophisticated solutions for a variety of scenarios including growth, MBOs, MBIs, mergers and acquisitions, refinancing, turnarounds, and public to private transactions (across both a European and a global arena). It is also not uncommon for several Asset Based Lenders to work together in what is known as a ‘syndication’, to combine the lending power required.
Asset Based Lending is a emerging product. There are multi-million pound deals, cross border deals done, and many multi-national companies are waking up to the realisation that this is a very flexible and exciting financial product which has proven its reputation within various economic cycles.
To view a quick video on the benefits of Asset Based Lending click here.
