Asset Based Lending - Midlands

David Lett, ABL Manager, Midlands:

Trading on an open account basis is mainly beneficial for the buyer not only cash flow wise but also cost wise. In terms of the seller it is often a much riskier solution, everybody invested a lot of cash into their raw materials and into the labour to produce the goods in the first place. Trading on an open account basis delays the inflow of cash by another couple of months.

Barclays Trade and Working Capital in the Midlands was established to provide our clients with an end-to-end solution across the whole of their trade cycle. We have specialists with a wealth of experience in structuring trade finance, receivables finance, ABL, supplier finance and bespoke financing packages across all sectors and market segments. There is a strong history of innovation within the Midlands, traditional sectors like manufacturing, metal processing & automotive are still important but have now been added to by the likes of recruitment and technology.

Having a prominent position in the large corporate ABL arena, we can offer global solutions, including off-balance-sheet, non-recourse structures and also bilateral or closed syndicated trade and working capital facilities for some of the world's largest companies. Our approach as an ABL provider is to understand your business, by doing so we can provide a flexible packaging facilities linked to your funding requirements, by taking the time to appreciate your business and having knowledge of your processes we can provide the right financial options that work for you.