04/03/2021 Andrew

Inventory Appraisal & Accounts Receivable Review Supports £16m ABL Facility.

Background

European Valuations was engaged by Nextbase, the world’s leading manufacturer and developer of dash cams. Founded in in 1999, the firm now employs 70 people across two locations in Surrey and in Caerphilly, South Wales. In addition to domestic expansion in the last 22 years, the firm has also successfully targeted international growth across Europe and North America, with products already sold in more than 20 countries.

Our work encompassed reviewing and evaluating the accounts receivable and evaluating and appraising the inventory for asset based lending purposes. Secure Trust Commercial Finance provided a £16m invoice discounting facility designed to support the company’s domestic and international growth.

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