Receivables Finance & Asset Based Lending
Businesses often have complex funding needs. Our specialist asset-based lending team advises lenders and borrowers on a range of asset-based lending matters.
Collaboration with specialists in commercial, property, and corporate law ensures comprehensive support tailored to each business's requirements.
We provide expert legal support in drafting, reviewing, and negotiating facility agreements, security documents, deeds of priority, and intercreditor agreements.
Our team also advises on corporate governance matters, ensuring businesses have the right legal structures in place when securing or managing funding. We assist borrowers at every stage, from securing first-time financing for start-ups to refinancing for business growth or accessing new funding after an acquisition or merger. We also support management buyouts and acquisitions of insolvent businesses.
For lenders, we conduct security portfolio reviews, negotiate deeds of variation to facility arrangements, and arrange additional security when needed, such as after a credit extension or breach. If enforcement becomes necessary, our insolvency team assists in appointing administrators or receivers. Our dispute resolution team also provides guidance on enforcing security and personal guarantees while supporting individuals and businesses facing lender enforcement actions.
Whatever the situation, we work proactively to protect our clients’ interests.
Our expertise
Our team advises on the following areas:
Ambuja has a very good insolvency brain and is able to explain her advice very well both to clients and professionals.
Our work highlights
We are advising a £20m turnover company with a refinancing of their invoice finance and asset finance facilities. Our work involves reviewing and negotiating the terms of the facilities with the incoming financier’s advisors to ensure that they properly suited our client’s business needs, advising on collateral security requirements such as guarantees, warranties and debentures and liaising with the outgoing financier to help coordinate a seamless transfer of services.
We advised an invoice financier on the process of re-registering bills of sale, at the point of expiry. We worked with the financier (who had inherited many of these facilities following a previous acquisition) to understand their exposure in respect of sole traders and the risks involved in continuing the existing facilities versus entering into new ones.
