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European Valuations Provides Accounts Receivable Review & Inventory Appraisal to Support ABL Facility for MBO.

European Valuations Provides Accounts Receivable Review & Inventory Appraisal to Support ABL Facility for MBO.

wheel rim close up

Background

European Valuations was engaged by Kent-based Wheelwright the UK’s leading alloy and steel wheel distributor, offering a European-wide logistics and delivery service from 14 national and 2 international logistics facilities. Wheelwright have over 40 years’ experience in the alloy wheel and tyre business and a well-established reputation as the leading supplier in the UK. The company was formerly a subsidiary of the Alcar Group of companies.

HMT LLP a leading independent adviser to entrepreneurial businesses advised management on their MBO.

Our work encompassed conducting a pre-lend due diligence review of the accounts receivable and an evaluation & appraisal of the inventory assets for asset based lending purposes. Arbuthnot Commercial ABL provided an ABL funding line to support the MBO, and additional working capital to enable the business to realise its growth strategy.

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