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European Valuations Provides Valuation Advice to Assist £11.8m Asset Based Lending Facility

European Valuations Provides Valuation Advice to Assist £11.8m Asset Based Lending Facility

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Background

European Valuations’ was engaged by Nimbus to review and appraise the account receivable and inventory assets of Paralloy to support its acquisition from the Centrifugal Castings Division of Doncaster’s Group .

Founded in 1967 Paralloy manufactures and fabricates specialist centrifugal castings in horizontal and vertical configurations for use in high-temperature furnace applications serving the petrochemicals and aerospace industries respectively.

Arbuthnot Commercial Asset Based Lending structured and provided finance facilities.

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