Background
European Valuations was engaged by Berry Bros & Rudd, a family-run British wine and spirits merchant founded in London in 1698, to provide asset valuation advice which encompassed appraising the inventory and reviewing accounts the receivable assets owned by the company.
The inventory included fine wines and spirits as well its own-label range stored in their state-of- the-art secure, bonded, warehouses.
Our reports and advice were utilised by the Company, their advisers, Deloitte UK Debt & Capital AdvisoryĀ and their ultimate funders PNC Business Credit UK who structured a facility which will enable the company to support its growing working capital needs.