Background
European Valuations was engaged by Red7Marine to review its accounts receivable and plant & equipment to use as collateral for a potential lending facility.
Red7Marine operates in the marine construction and renewables industries and has been involved in prestige infrastructure projects such as the London Super Sewer, Blackfriars station, London Eye maintenance, Canary Wharf crossrail station, London City Airport and Hinkley Point power station.
Red7Marine were advised by finnCap Cavendish . The £12m refinancing facility was provided Arbuthnot Commercial Asset Based Lending who relied on our reports and advice to structure their facility.