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Accounts Receivable Review Supports Funding for Energy Services Group

Accounts Receivable Review Supports Funding for Energy Services Group

Oil rig offshore Energy

Background

European Valuations was engaged by THREE60 Energy Group, a leading independent energy service company offering complete asset life cycle expertise, headquartered in Aberdeen with additional locations in Kuala Lumpur, Singapore, Taipei, Bergen, Stavanger, Brisbane and Jakarta. European Valuations were engaged to review their accounts receivable for potential asset-based lending (ABL) facility.

Our report and advice were utilised by Arbuthnot Commercial Asset Based Lending in their credit decision making and structuring processes to deliver a working capital facility to support THREE60 Energy Group’s growth strategy.

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