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Accounts Receivable Review Supports MBO and Funding Facility for Tanker Group

Accounts Receivable Review Supports MBO and Funding Facility for Tanker Group

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Background

European Valuations was engaged by Arbuthnot Commercial Asset Based Lending to review and assess the accounts receivable owned by The WG Tanker Group which incorporated the trading companies WG Tanker Group Limited, WG Tanker Services Limited and Silotank Limited.

Established in 1989 and based in Foston, Derbyshire, WG Tanker Group are the UK market leaders in the supply and maintenance of road, rail and storage tankers that are used predominantly for the transport and storage of ‘dry’ or ‘powder’ products, such as flour, sand and cement.

Arbuthnot structured a £5.5M funding facility which comprised of a confidential invoice discounting line, a property term loan and CBILS lending which is aimed to provide significant additional working capital for further planned growth.

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