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European Valuations Provides Accounts Receivable Review Which Assists Acquisition & Securing of £7M of Working Capital Facilities.

European Valuations Provides Accounts Receivable Review Which Assists Acquisition & Securing of £7M of Working Capital Facilities.

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Background

European Valuations’ was engaged by the Galago Group, a specialist recruitment services company, to review its accounts receivable and the accounts receivable of NRG a company it sought to acquire.

European Valuations worked closely with Galago and their advisers Castle Corporate Finance, as part of the collateral review process.

Galago successfully acquired NRJ and was also able to secure £7 million of working capital facilities from RBS Invoice Finance.

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