# UK corporate ABL borrowers — separate disclosure sample

**Research snapshot: 23 October 2026.** This list covers **89 operating-company borrower groups and 103 dated facility or status events** found in lender announcements, company reports and regulatory disclosures. Each named lender below has economic-role evidence independent of a Companies House charge. Download the [corporate borrower CSV](corporate-abl-borrowers.csv), inspect the **Corporate ABL** tab of the [interactive map](network.html), or use the [event–participant ledger](relationship-ledger.csv) for complete fields.

| Borrower | Facility / collateral | Date | Disclosed facility or package amount | Named funder(s) | Evidence and identity |
|---|---|---|---:|---|---|
| Advanced Alloy Services | Santander: Advanced Alloy Services £20m funding package | 2024-12-04 | £10m | Santander | [Funding source](https://www.santander.co.uk/about-santander/media-centre/press-releases/yorkshire-based-advanced-alloy-services-set-for) · [Additional evidence](https://www.santander.co.uk/corporate/case-studies/Advanced-Alloys-funding-boost-supports-growth-and-innovation) · [CH 02795535](https://find-and-update.company-information.service.gov.uk/company/02795535) |
| All Traffic Products | Santander: All Traffic Products growth | 2022-10-11 | Undisclosed | Santander | [Funding source](https://www.santander.co.uk/corporate/case-studies/all-traffic-products-ltd-in-the-fast-lane-for-growth) · [CH 12531950](https://find-and-update.company-information.service.gov.uk/company/12531950) |
| Amey | MOD equipment asset-based lending facility | 2025-10-23 | £70m | HSBC; NatWest | [Funding source](https://www.amey.com/ie/news/amey-secures-70-million-refinancing-deal-to-strengthen-defence-delivery) · [CH 04736639](https://find-and-update.company-information.service.gov.uk/company/04736639) |
| Amius | Asset-backed acquisition / growth financing | 2024-07 | $70m | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/amius) · [CH 03576013](https://find-and-update.company-information.service.gov.uk/company/03576013) |
| Ann Summers | ABL acquisition / growth facility | 2024-01-05 | £8m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/commercial-finance-supports-ann-summers-with-new-funding-for-growth) · [CH 01034349](https://find-and-update.company-information.service.gov.uk/company/01034349) |
| APC Technology Group | Revolving borrowing-base ABL and cash-flow package | 2024-03 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/apc-technology-boosts-growth-plans-with-funding-from-shawbrook/) · [CH 01635609](https://find-and-update.company-information.service.gov.uk/company/01635609) |
| Arco | Asset-backed acquisition / growth financing | 2026-09 | Undisclosed | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/arco) · [CH 00133804](https://find-and-update.company-information.service.gov.uk/company/00133804) |
| Ardent Hire Solutions | Addleshaw Goddard: Asset Based Lending Wrapped 2025 | 2025 | £110m | PNC | [Funding source](https://www.addleshawgoddard.com/en/insights/insights-briefings/2025/finance/asset-based-lending-wrapped-2025/) · [Additional evidence](https://www.pnc.com/zh/corporate-and-institutional/financing/lending-options/business-credit/business-credit-uk/case-studies/ardent-hire-solutions.html) · [CH 03987596](https://find-and-update.company-information.service.gov.uk/company/03987596) |
| Argent Foods Group | Bilateral receivables refinance | 2024-02-08 | £40m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-completes-a-structured-abl-deal-for-facilities-totalling-40m-with-existing-client-argent-foods-group) · [CH 10304097](https://find-and-update.company-information.service.gov.uk/company/10304097) |
| ASCO Group | Multi-asset ABL package | 2024-06-24 | £80.2m | BZ; Leumi UK | [Funding source](https://cdn.craft.cloud/019c1e8a-62ca-70a5-a897-1585805d149c/assets/ASCO_Group_Limited_2025-1.pdf) · [CH 07853258](https://find-and-update.company-information.service.gov.uk/company/07853258) |
| ASCO Group | Refinanced multi-asset ABL package | 2026-05-19 | £80.5m | BZ; Leumi UK | [Funding source](https://cdn.craft.cloud/019c1e8a-62ca-70a5-a897-1585805d149c/assets/ASCO_Group_Limited_2025-1.pdf) · [CH 07853258](https://find-and-update.company-information.service.gov.uk/company/07853258) |
| Batt Cables (2023 financing) | Hybrid term loan and RCF alongside ABL | 2023-09-14 | Undisclosed | BZ | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/secure-trust-bank-commercial-finance-and-bz-support-chiltern-capitals-acquisition-of-batt-cables) · [CH 01353688](https://find-and-update.company-information.service.gov.uk/company/01353688) |
| Batt Cables (2023 financing) | Receivables and inventory revolver | 2023-09-14 | Undisclosed | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/secure-trust-bank-commercial-finance-and-bz-support-chiltern-capitals-acquisition-of-batt-cables) · [CH 01353688](https://find-and-update.company-information.service.gov.uk/company/01353688) |
| Belfast Distillery / McConnell’s Irish Whisky | Revolving maturing-whisky inventory ABL | 2026-05 | £22.5m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/shawbrook-and-mcconnell-s-irish-whisky-supporting-the-next-chapter-of-an-iconic-brand/) · [CH NI604784](https://find-and-update.company-information.service.gov.uk/company/NI604784) |
| Carclo | Hybrid term loan and borrowing-base revolver | 2025-04-24 | £36m | BZ | [Funding source](https://data.fca.org.uk/artefacts/NSM/Portal/NI-000127893/reports/21380078MEM399JPI956-2025-03-31-T01.html) · [CH 00196249](https://find-and-update.company-information.service.gov.uk/company/00196249) |
| CHC Helicopter | Asset-backed acquisition / growth financing | 2023-10 | $67m | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/chc-helicopter) · Identity unresolved |
| Chelmer Foods | Lloyds: Chelmer Foods case study | 2025-11-20 | Undisclosed | Lloyds | [Funding source](https://www.lloydsbank.com/business/resource-centre/case-studies/chelmer-foods.html) · [CH 02704138](https://find-and-update.company-information.service.gov.uk/company/02704138) |
| Commhoist | Hybrid asset-based financing | 2023 | £5m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/commhoist-limited-set-to-further-rollout-of-5g-and-expand-into-ev-market/) · [CH 03209155](https://find-and-update.company-information.service.gov.uk/company/03209155) |
| Converge UK | Hybrid asset-based financing | 2026-04 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/supporting-inspirit-capital-s-carve-out-acquisition-of-converge-uk/) · [Additional evidence](https://inspiritcap.com/investment/converge/) · Identity unresolved |
| Cooper Turner Beck | Asset-backed acquisition / growth financing | 2024-03 | Undisclosed | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/cooper-turner-beck) · [CH 04021697](https://find-and-update.company-information.service.gov.uk/company/04021697) |
| Cromwell | Carve-out corporate ABL | 2026-01-26 | £60m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/case-studies/cromwell-set-for-transformation-following-gbp60m-facility-from-secure-trust-bank-commercial-finance) · [CH 00986161](https://find-and-update.company-information.service.gov.uk/company/00986161) |
| CT Automotive Group | Prior trade and invoice finance lines | 2023-12-31 | Undisclosed | HSBC | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/5643980.html) · [CH 10451211](https://find-and-update.company-information.service.gov.uk/company/10451211) |
| CT Automotive Group | Inventory and receivables revolver | 2024-10-11 | $20m | FGI Worldwide | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/5643980.html) · [CH 10451211](https://find-and-update.company-information.service.gov.uk/company/10451211) |
| CTD Tiles (2022 financing) | Asset-backed acquisition / growth financing | 2022-04 | Undisclosed | BZ; Leumi UK | [Funding source](https://www.bzcf.co.uk/case-studies/ctd-tiles-ltd) · Identity unresolved |
| David Wood Baking | Food-production ABL refinance | 2023-02-01 | £32m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-completes-refinancing-deal-with-david-wood-baking-limited) · [CH 06541251](https://find-and-update.company-information.service.gov.uk/company/06541251) |
| European Metal Recycling | Metal-recycling ABL facility | 2024-01 | £200m | NatWest | [Funding source](https://www.natwest.com/corporates/financing/specialist-finance/asset-based-lending.html) · [CH 02954623](https://find-and-update.company-information.service.gov.uk/company/02954623) |
| evo Group | Replacement club ABL package | 2023-10-11 | £90m | Close Brothers; Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-leads-in-new-90m-club-facility-for-evo) · [CH 09060494](https://find-and-update.company-information.service.gov.uk/company/09060494) |
| evo Group | MBO refinancing package | 2025-03-27 | £93m | Close Brothers; Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-and-close-brothers-provide-93m-refinancing-package-to-evo-group-to-facilitate-management-buy-out) · [CH 09060494](https://find-and-update.company-information.service.gov.uk/company/09060494) |
| Evtec Automotive | Asset-backed acquisition / growth financing | 2021-01 | £16m | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/evtec-automotive) · [CH 12650654](https://find-and-update.company-information.service.gov.uk/company/12650654) |
| FireAngel Safety Technology Group | Rolling invoice-discounting line | 2023-12-31 | £7.5m | HSBC | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/5243449.html) · [CH 03991353](https://find-and-update.company-information.service.gov.uk/company/03991353) |
| Gattaca | Gattaca Annual Report 2025: invoice financing | 2025-02 | £50m | HSBC | [Funding source](https://sitescdn.wearevennture.co.uk/public/gattaca-plc/assets/july2025annualreportaccountsfinal.pdf) · [Additional evidence](https://www.gattacaplc.com/sites/gattaca/files/wysiwyg/Gattaca_Annual_Report_2024_FINAL.pdf) · [CH 04426322](https://find-and-update.company-information.service.gov.uk/company/04426322) |
| Genius Foods | Hybrid asset-based financing | 2023-04 | £7.5m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/genius-foods-boosts-production-lines-with-multi-faceted-abl-package/) · [Additional evidence](https://www.leasingworld.co.uk/freepages/news-detail.php?ID=3110) · [CH SC344777](https://find-and-update.company-information.service.gov.uk/company/SC344777) |
| Glasgow Distillery Company | Whisky inventory-backed ABL | 2026-06 | £11m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/shawbrook-supports-glasgow-distillery-company-with-11m-funding-facility/) · [CH SC439174](https://find-and-update.company-information.service.gov.uk/company/SC439174) |
| Goodfish Group | Multi-asset ABL for Flint acquisition | 2024-12 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/goodfish-secures-multi-asset-abl-solution-for-flint-acquisition-and-working-capital/) · [CH 10610457](https://find-and-update.company-information.service.gov.uk/company/10610457) |
| Gusbourne | Upsized wine inventory ABL | 2022-08-15 | £16.5m | PNC | [Funding source](https://www.gusbourne.com/articles/refinancing-of-existing-loan-facilities) · [CH 08225727](https://find-and-update.company-information.service.gov.uk/company/08225727) |
| Headlam Group | Three-year borrowing-base ABL | 2026-01-27 | £85m | Barclays; Wells Fargo | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/cac26c55-c397-4e34-a739-cc5ffef65fdd.html) · [CH 00460129](https://find-and-update.company-information.service.gov.uk/company/00460129) |
| Hercules | Hercules Annual Report 2024: IGF invoice facility | 2023-11 | £15m | IGF | [Funding source](https://herculesplc.com/wp-content/uploads/2025/02/5608_Hercules-Site-Services-plc_Annual_Report_2024_Hyperlink.pdf) · [CH 06607001](https://find-and-update.company-information.service.gov.uk/company/06607001) |
| Hercules | Hercules RNS: increased working capital facility | 2026-06-26 | £20m | IGF | [Funding source](https://www.investegate.co.uk/index.php/announcement/rns/hercules-plc--herc/increase-in-working-capital-facility-term-loans/9638048) · [CH 06607001](https://find-and-update.company-information.service.gov.uk/company/06607001) |
| Highland Spring | Asset-backed acquisition / growth financing | 2022-06 | £54.3m | BZ; Leumi UK | [Funding source](https://www.bzcf.co.uk/case-studies/highland-spring) · [CH SC067339](https://find-and-update.company-information.service.gov.uk/company/SC067339) |
| Hilltop Honey | Santander: Hilltop Honey financing package | 2024-08-22 | Undisclosed | Santander | [Funding source](https://www.santander.co.uk/about-santander/media-centre/press-releases/hilltop-honey-is-buzzing-about-santander-uk-lending-to) · [CH 09365028](https://lovehilltop.com/pages/terms-of-service) |
| HJ Enthoven (formerly Ecobat Resources UK) | Carve-out industrial ABL | 2025-12-01 | £44m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/shawbrook-and-ecobat-resources-uk-ltd-powering-a-sustainable-future-with-asset-based-lending/) · [CH 02821551](https://find-and-update.company-information.service.gov.uk/company/02821551) |
| Hobbycraft | ABL acquisition / growth facility | 2024-08-30 | Undisclosed | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/modella-capital-acquires-hobbycraft-from-bridgepoint-with-secure-trust-bank-support) · [CH 07216034](https://find-and-update.company-information.service.gov.uk/company/07216034) |
| Hornby | Pre-switch UK ABL | 2022-03-31 | £12m | PNC | [Funding source](https://wp-hornby-2020.s3.eu-west-2.amazonaws.com/media/2022/08/Hornby-Annual-Report-2022-Web-Ready-Singles.pdf) · [CH 01547390](https://find-and-update.company-information.service.gov.uk/company/01547390) |
| Hornby | Replacement UK ABL | 2022-04 | £12m | Secure Trust Bank | [Funding source](https://wp-hornby-2020.s3.eu-west-2.amazonaws.com/media/2022/08/Hornby-Annual-Report-2022-Web-Ready-Singles.pdf) · [CH 01547390](https://find-and-update.company-information.service.gov.uk/company/01547390) |
| Hornby | Extension of UK ABL | 2024 | £12m | Secure Trust Bank | [Funding source](https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?id=0b7275c7-1fa2-4fe8-b776-9bf102b4f638&r=1&type=sl.ra.full&user=4VOi1Kz9bJtcY6lfRyFX%2Feiyj7VwKchWIcHeFdPbm%2FL1YLRwIlqZet3D6awgVbcM) · [CH 01547390](https://find-and-update.company-information.service.gov.uk/company/01547390) |
| Hunting | Working-capital ABL | 2022-02 | $150m | HSBC; Wells Fargo | [Funding source](https://www.annualreports.com/HostedData/AnnualReportArchive/h/LSE_HTG_2023.pdf) · [CH 00974568](https://find-and-update.company-information.service.gov.uk/company/00974568) |
| IG Design Group | US-based asset-backed revolving credit facility | 2023-06-23 | $125m | HSBC; NatWest | [Funding source](https://www.about.us.hsbc.com/newsroom/press-releases/hsbc-leads-125-million-refinancing-deal-for-design-group) · [CH 01401155](https://find-and-update.company-information.service.gov.uk/company/01401155) |
| IG Design Group | Recourse receivables finance facility | 2025-07-11 | £40m | HSBC; NatWest | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/5735749.html) · [CH 01401155](https://find-and-update.company-information.service.gov.uk/company/01401155) |
| Iridium Consulting | Santander: Iridium Consulting invoice finance | 2022-02-25 | £1.5m | Santander | [Funding source](https://www.santander.co.uk/about-santander/media-centre/press-releases/it-transformation-consultancy-secures-transformative) · Identity unresolved |
| Kelling Group | Plant and machinery ABL | 2022-08 | Undisclosed | NatWest | [Funding source](https://www.natwest.com/corporates/financing/specialist-finance/asset-based-lending.html) · [CH 11112713](https://find-and-update.company-information.service.gov.uk/company/11112713) |
| LPA Group | LPA: successful refinancing of banking facilities | 2026-01-19 | £8.75m | Arbuthnot | [Funding source](https://www.lpa-group.com/wp-content/uploads/2026/01/2025-Refinancing-Final-190126-CAV-v3.pdf) · [CH 00686429](https://find-and-update.company-information.service.gov.uk/company/00686429) |
| Lyte Ladders and Towers | Ladder-manufacturer merger facility | 2024-01-30 | £6.5m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/merger-for-leading-access-equipment-specialists-supported-by-stb-commercial-finance) · [CH 11776103](https://find-and-update.company-information.service.gov.uk/company/11776103) |
| McCarthy Marland | Hybrid asset-based financing | 2022 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/family-owned-bristol-based-waste-management-firm-expands-to-two-further-sites-to-better-service-the-south-west/) · [Additional evidence](https://find-and-update.company-information.service.gov.uk/company/08188611/charges) · [Additional evidence](https://businessbiscuit.com/business-news/waste-management-specialist-mccarthy-marland-doubles-in-size-with-acquisitions/) · [CH 08188611](https://find-and-update.company-information.service.gov.uk/company/08188611) |
| Michael Page (formerly PageGroup) | PageGroup: FY2025 full-year results | 2025-12-31 | £50m | HSBC | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/a657e0ce-a231-4089-a79b-97b57b15a329.html) · [CH 03310225](https://find-and-update.company-information.service.gov.uk/company/03310225) |
| Minova | Asset-backed acquisition / growth financing | 2022-02 | AUD 97m | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/minova) · [CH 04373275](https://find-and-update.company-information.service.gov.uk/company/04373275) |
| Mole Valley Farmers | Agricultural co-operative ABL and trade package | 2024-05-20 | £60m | Barclays; Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-supports-mole-valley-farmers-limited-with-a-60m-facility-alongside-barclays-corporate) · Identity unresolved |
| Montash | Lloyds: Montash working-capital and invoice finance | 2024-12-06 | Undisclosed | Lloyds | [Funding source](https://www.lloydsbank.com/business/resource-centre/case-studies/montash.html) · [CH 05195273](https://find-and-update.company-information.service.gov.uk/company/05195273) |
| mthree / Peregrine | Wiley Edge carve-out working capital | 2024-06-11 | Undisclosed | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-supports-investor-backed-corporate-carve-out-of-wiley-edge) · Identity unresolved |
| mthree / Peregrine | mthree / Peregrine merger ABL | 2026-02-16 | £10m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-has-provided-a-new-10m-asset-based-lending-facility-to-facilitate-the-merger-of-existing-client-mthree-with-peregrine-international-limited) · Identity unresolved |
| Muntons | Malt producer ABL extension and sustainability loan | 2024-12 | Undisclosed | HSBC | [Funding source](https://www.business.hsbc.uk/en-gb/corporate/insights/sustainability/supporting-muntons-sustainability-journey) · [CH 00176992](https://find-and-update.company-information.service.gov.uk/company/00176992) |
| NWF Group | NWF Annual Report 2025: banking facilities renewal | 2025-01-06 | £50m | NatWest | [Funding source](https://www.nwf.co.uk/download_file/view/70ef3d19-a28f-4dbd-b677-deef2ba27798/) · [CH 02264971](https://find-and-update.company-information.service.gov.uk/company/02264971) |
| Nynas | Asset-backed acquisition / growth financing | 2021-03 | Undisclosed | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/nynas) · Identity unresolved |
| Otto Car | Revolving block-discounting facility | 2023-01-11 | £9m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-completes-financing-deal-with-otto-car-limited) · [CH 08479726](https://find-and-update.company-information.service.gov.uk/company/08479726) |
| Oxalis Logistics Group | Joint bulk-transport ABL refinance | 2025-10-16 | Undisclosed | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-provides-a-101m-refinancing-package-to-two-bulk-transport-providers-owned-by-auctus-capital-partners-ag) · [CH 01164085](https://find-and-update.company-information.service.gov.uk/company/01164085) |
| Parity Group (now Partway Group) | Billed and unbilled receivables ABL | 2021-04 | £9m | Leumi UK | [Funding source](https://www.annualreports.com/HostedData/AnnualReportArchive/p/LSE_PTY_2021.pdf) · [CH 03539413](https://find-and-update.company-information.service.gov.uk/company/03539413) |
| Parity Group (now Partway Group) | Extension of receivables ABL | 2023-04 | £9m | Leumi UK | [Funding source](https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?id=6b0df710-bb54-4712-b8f3-92ef16593108&r=1&type=sl.ra.full&user=pAE5ZHrso1k1X27e8Lme0GCkwi5Tb1ItwnrTc1AHtjvKmn2wphuMK2w4vnXAgEED) · [CH 03539413](https://find-and-update.company-information.service.gov.uk/company/03539413) |
| Prime Light Electrical | Invoice discounting and term-loan refinance | 2023-04-04 | Undisclosed | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-completes-a-multi-million-refinancing-deal-with-prime-light-electrical) · [CH 02754353](https://find-and-update.company-information.service.gov.uk/company/02754353) |
| Prime Light Electrical | ELP acquisition funding package | 2025-09-04 | £7.75m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-lends-775m-to-prime-light-for-complementary-corporate-acquisition) · [CH 02754353](https://find-and-update.company-information.service.gov.uk/company/02754353) |
| ProService Building Services Marketplace | Receivables-based ABL revolver | 2026-07-20 | £35m | Leumi UK | [Funding source](https://www.investormeetcompany.com/companies/proservice-building-services-marketplace-plc/rns/4795906/view) · [CH 09378067](https://find-and-update.company-information.service.gov.uk/company/09378067) |
| Pure Electric | E-mobility inventory facility | 2022-03-10 | £10m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/pure-electric-charged-for-growth-with-support-from-secure-trust-bank) · [CH 11634997](https://find-and-update.company-information.service.gov.uk/company/11634997) |
| R&W Scott | Hybrid asset-based financing | 2024-07-08 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/rw-scott-transition-to-an-employee-ownership-trust/) · [Additional evidence](https://www.randwscott.com/news/rw-scott-transition-employee-ownership-trust) · [CH 05072615](https://find-and-update.company-information.service.gov.uk/company/05072615) |
| Recycling Lives (historical group) | NatWest: sustainability-linked ABL for Recycling Lives | 2023 | £40.3m | NatWest | [Funding source](https://www.natwest.com/corporates/about-us/case-studies/our-first-sustainability-linked-abl-for-recycling-lives.html) · [Additional evidence](https://www.pro-manchester.co.uk/newsrooms/ey-north-teams-advise-on-deals-worth-almost-650mn-in-q1-2023-despite-challenging-market-conditions/) · [Additional evidence](https://www.ey.com/content/dam/ey-unified-site/ey-com/en-uk/campaigns/administrations/recycling-lives-limited-and-rlmw-realisations-limited/documents/ey-rll-final-progress-report-23-1-25.pdf) · Identity unresolved |
| RSBP Group | Hybrid asset-based financing | 2022 | £20m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/stoke-headquartered-commercial-washroom-manufacturer-seeks-growth/) · [Additional evidence](https://view.ceros.com/crowe-uk/m-and-a-2022?heightOverride=2837) · [CH 07550770](https://find-and-update.company-information.service.gov.uk/company/07550770) |
| RTC Group | RTC Group: 2026 half-year results | 2026-06-30 | £12m | HSBC | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/03db66a9-3a99-4be9-80cf-b58120c87187.html) · [Additional evidence](https://www.annualreports.com/HostedData/AnnualReportArchive/r/LSE_RTC_2022.pdf) · [CH 02558971](https://find-and-update.company-information.service.gov.uk/company/02558971) |
| Rygor Group | Hybrid asset-based financing | 2022-11 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/rygor-automotive-group-completes-mbo-with-support-from-shawbrook/) · [Additional evidence](https://rygor-mercedes-benz.co.uk/rygor-group-ltd-celebrates-first-anniversary-of-mbo/) · [CH 00936467](https://find-and-update.company-information.service.gov.uk/company/00936467) |
| SES Energy | Asset-backed acquisition / growth financing | 2025-10 | $150m | BZ | [Funding source](https://www.bzcf.co.uk/case-studies/ses-energy) · [CH 03895926](https://find-and-update.company-information.service.gov.uk/company/03895926) |
| Shawston Group | Hybrid asset-based financing | 2026-07 | £11m | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/supporting-shawston-group-s-next-phase-of-growth-with-an-11m-funding-package/) · [Additional evidence](https://www.shawbrook.co.uk/about-us/media-centre/press-releases/) · [CH 14151561](https://find-and-update.company-information.service.gov.uk/company/14151561) |
| Sigma Advanced Systems UK | Invoice-discounting and working-capital acquisition facility | 2025-11 | £20m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/stb-supports-sigma-advanced-systems-acquisition-of-nasmyth-group-with-20m-funding-injection) · [CH 16592682](https://find-and-update.company-information.service.gov.uk/company/16592682) |
| Sigma Pharmaceuticals | Club ABL facility | 2022-11-25 | £45m | ABN AMRO; Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/sigma-pharmaceuticals-limited) · [CH 01561802](https://find-and-update.company-information.service.gov.uk/company/01561802) |
| Sigma Pharmaceuticals | Bilateral ABL refinance | 2025-09-19 | £50m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-provides-sigma-pharmaceuticals-with-50m-asset-based-lending-facility-to-support-growth) · [CH 01561802](https://find-and-update.company-information.service.gov.uk/company/01561802) |
| Signify Technology | Cross-border receivables facility | 2026-02-04 | £5.5m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-provides-signify-technology-group-limited-with-a-55m-cross-border-receivables-facility) · [CH 10260641](https://find-and-update.company-information.service.gov.uk/company/10260641) |
| SIL Group | Inventory-led textile ABL refinance | 2025-08-20 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/sil-group-weaves-global-expansion-with-multi-million-pound-refinance-facility-from-shawbrook/) · [CH 04296467](https://find-and-update.company-information.service.gov.uk/company/04296467) |
| Silcoms | ABL acquisition / growth facility | 2025-12-18 | £4.2m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/stb-fuels-silcoms-growth-with-over-4m-funding-support) · Identity unresolved |
| Spaldings | Acquisition ABL and working capital | 2022-06-22 | £10.75m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/spaldings) · [Additional evidence](https://inspiritcap.com/investment/spaldings/) · [Additional evidence](https://www.frpadvisory.com/what-we-do/corporate-finance/deals/inspirit-capital/) · [CH 01558147](https://find-and-update.company-information.service.gov.uk/company/01558147) |
| Staffline Group | Staffline Annual Report 2024: Receivables Finance Agreement | 2023-12-14 | £60m | ABN AMRO; NatWest | [Funding source](https://www.stafflinegroupplc.co.uk/umbraco/Surface/Default/Download?filename=Staffline+AR24.pdf&url=%2Fmedia%2F1459%2Fstaffline-ar24.pdf) · [CH 05268636](https://find-and-update.company-information.service.gov.uk/company/05268636) |
| Staffline Group | Staffline Annual Report 2025: RFA lender replacement | 2025-03-12 | £60m | Leumi UK; NatWest | [Funding source](https://www.stafflinegroupplc.co.uk/media/1478/staffline-ar25.pdf) · [Additional evidence](https://www.stafflinegroupplc.co.uk/umbraco/Surface/Default/Download?filename=Staffline+AR24.pdf&url=%2Fmedia%2F1459%2Fstaffline-ar24.pdf) · [CH 05268636](https://find-and-update.company-information.service.gov.uk/company/05268636) |
| Standard Wool UK | Wool-business ABL refinance | 2021-07-21 | £15.5m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/standard-wool-uk) · [CH 00713917](https://find-and-update.company-information.service.gov.uk/company/00713917) |
| Sunbelt Rentals (formerly Ashtead) | Ashtead/Sunbelt cross-border ABL renewal and increase | 2024-11 | $4.75bn | Apple Bank; BNP Paribas; Bank of America; Bank of Montreal; Barclays; City National Bank; First Horizon; HSBC; Huntington National Bank; J.P. Morgan; Lloyds; Mizuho; NatWest; PNC; Regions Bank; SMBC; TD Bank; Truist; U.S. Bank; Webster Bank; Wells Fargo | [Funding source](https://ir.sunbeltrentals.com/filings/sec-filings/content/0001193125-26-050612/d948736d1012ba.htm) · [Additional evidence](https://ir.sunbeltrentals.com/filings/sec-filings/content/0001628280-26-061146/snblt-20260731.htm) · Identity unresolved |
| Superdry | Superdry shareholder circular: Bantry Bay ABL | 2022-12-22 | £80m | Bantry Bay | [Funding source](https://corporate.superdry.com/media/v0wfsz5y/144-the-circular.pdf) · [Additional evidence](https://bantrybay.co.uk/2022/12/23/bantry-bay-provides-superdry-with-80m-financing/) · [Additional evidence](https://dq06ugkuram52.cloudfront.net/files/19582829/48798714.pdf) · [CH 07063562](https://find-and-update.company-information.service.gov.uk/company/07063562) |
| Superdry | Superdry Annual Report 2023: Hilco facility | 2023-08-07 | £25m | Hilco | [Funding source](https://dq06ugkuram52.cloudfront.net/files/19582829/48798714.pdf) · [CH 07063562](https://find-and-update.company-information.service.gov.uk/company/07063562) |
| Supreme | Inventory and debtors ABL | 2025-03-28 | £40m | HSBC | [Funding source](https://data.fca.org.uk/artefacts/NSM/RNS/312df96e-ebb8-41d8-b334-60c16138ece7.html) · [CH 05844527](https://find-and-update.company-information.service.gov.uk/company/05844527) |
| Synnovia | Manufacturing hybrid ABL package | 2024-05-24 | £20m | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/leumi-abl-supports-synnovia-with-a-strategic-facility-loan-of-approx-20m) · [CH 06387173](https://find-and-update.company-information.service.gov.uk/company/06387173) |
| TG Jones (formerly WH Smith high street) | ABL acquisition / growth facility | 2025-07-17 | £50m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/commercial-finance-backs-modella-capital-in-wh-smith-high-street-deal) · [CH 06560339](https://find-and-update.company-information.service.gov.uk/company/06560339) |
| The Artisanal Spirits Company | Artisanal Spirits: successful refinancing | 2025-09-23 | £35m | Santander | [Funding source](https://www.investegate.co.uk/announcement/rns/the-artisanal-spirits-company--art/successful-refinancing-of-banking-facilities/9124454) · [Additional evidence](https://www.lse.co.uk/rns/ART/interim-results-for-the-six-months-to-30-june-2026-b1parq5ydwkusqu.html) · [CH SC490305](https://find-and-update.company-information.service.gov.uk/company/SC490305) |
| Thinkprint UK | Hybrid asset-based financing | 2023-04 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/thinkprint-uk-transfers-to-an-employee-ownership-trust/) · [Additional evidence](https://www.printweek.com/content/news/thinkprint-uk-becomes-employee-owned/) · Identity unresolved |
| Thomas Plant Hire | Three-bank borrowing-base ABL club | 2022-04 | £100m | Barclays; HSBC; NatWest | [Funding source](https://www.rsmuk.com/insights/deal-case-studies/thomas-plant-hire) · [CH 07654907](https://find-and-update.company-information.service.gov.uk/company/07654907) |
| Timber Connection | Timber working-capital ABL | 2021-04-08 | Undisclosed | Leumi UK | [Funding source](https://www.leumiuk.com/leumi-abl/news-and-case-studies/timber-connection) · [CH 02897004](https://find-and-update.company-information.service.gov.uk/company/02897004) |
| Treatt | UK inventory and receivables ABL | 2025 | £25m | HSBC | [Funding source](https://www.treatt.com/investor-relations/financial-results-presentations/annual-reports/treatt-annual-report-2025/48593-treatt-ar25-complete-30.01.26-14.57.pdf) · [CH 01568937](https://find-and-update.company-information.service.gov.uk/company/01568937) |
| Ultimate Products | Ultimate Products RNS: interim results 2026 | 2026-01-31 | £23.5m | HSBC | [Funding source](https://www.stockopedia.com/share-prices/ultimate-products-LON%3AULTP/news/urn%3Anewsml%3Areuters.com%3A20260324%3AnRSX7645Xa/) · [Additional evidence](https://www.investegate.co.uk/announcement/rns/ultimate-products--ultp/audited-results-for-the-year-ended-31-july-2025/9197676) · [CH 05432142](https://find-and-update.company-information.service.gov.uk/company/05432142) |
| Watson Fuels | ABL acquisition / growth facility | 2025-04-10 | £75m | Secure Trust Bank | [Funding source](https://www.securetrustbank.com/business-finance/resources/news-insights-and-case-studies/news/inspirit-capital-acquires-watson-fuels-in-landmark-deal-for-secure-trust-bank) · [Additional evidence](https://www.linkedin.com/posts/interpathadvisory_navigatewhatsnext-activity-7316070070902816768-OPbN) · Identity unresolved |
| Widdop Bingham & Co | Hybrid asset-based financing | 2023-07 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/family-owned-wholesale-gift-supplier-widdop-bingham-transfers-to-fifth-generation-of-ownership/) · [Additional evidence](https://www.giftstoday.media/2023/07/05/a-new-phase-for-widdop-co/) · [CH 00171327](https://find-and-update.company-information.service.gov.uk/company/00171327) |
| Window Ware | Hybrid asset-based financing | 2022 | Undisclosed | Shawbrook Bank | [Funding source](https://www.shawbrook.co.uk/business/news-case-studies/case-studies/award-winning-window-distributor-looks-to-future-with-mbo-supported-by-shawbrook/) · [Additional evidence](https://find-and-update.company-information.service.gov.uk/company/14196745/charges) · [Additional evidence](https://business.express/award-winning-bedfordshire-based-window-distributor-looks-to-the-future-with-mbo-supported-by-shawbrook/) · [CH 14196745](https://find-and-update.company-information.service.gov.uk/company/14196745) |
| ZOO Digital | ZOO Digital: FY2026 final results | 2026-03-31 | Undisclosed | HSBC | [Funding source](https://www.investegate.co.uk/announcement/rns/zoo-digital-group--zoo/final-results/9694694) · [Additional evidence](https://www.zoodigital.com/wp-content/uploads/2025/08/J064500_Zoo-Digital-Annual-Report-2025_web.pdf) · [CH 03858881](https://find-and-update.company-information.service.gov.uk/company/03858881) |

## Case-specific limits

- **Advanced Alloy Services — Santander: Advanced Alloy Services £20m funding package (2024-12-04):** Only the invoice-finance tranche is recorded. UK exporter with international business; exact legal lender entity and borrower commitments are not separately stated.
- **All Traffic Products — Santander: All Traffic Products growth (2022-10-11):** Facility capacity, exact signing date and maturity are undisclosed. The 2021 Santander charge supports identity/security only and is not a separate funding event.
- **Amey — MOD equipment asset-based lending facility (2025-10-23):** The legal obligors and each bank's allocation are not disclosed; adviser and hedge roles are not separate funding edges.
- **Amius — Asset-backed acquisition / growth financing (2024-07):** Headline $70m includes the accordion; it must not be presented as fully drawn or as $90m. Specialty financial-services borrower, not a deposit-taking bank.
- **Ann Summers — ABL acquisition / growth facility (2024-01-05):** Collateral composition not disclosed.
- **APC Technology Group — Revolving borrowing-base ABL and cash-flow package (2024-03):** Borrowing-base capacity and asset mix not quantified. The associated cash-flow loan is not a separate ABL edge.
- **Arco — Asset-backed acquisition / growth financing (2026-09):** Package amount and asset/cashflow split undisclosed.
- **Ardent Hire Solutions — Addleshaw Goddard: Asset Based Lending Wrapped 2025 (2025):** Adviser annual review supports year precision only; PNC case study is undated. A legal lender subsidiary is not inferred from the PNC brand.
- **Argent Foods Group — Bilateral receivables refinance (2024-02-08):** £6m seasonal revolving credit is included within £40m, not additive. Earlier club lenders are unnamed; no other funders inferred.
- **ASCO Group — Multi-asset ABL package (2024-06-24):** The £12.5m cash-flow tranche is in the package amount but is not pure asset-backed finance. Allocation between BZ and Leumi is undisclosed; neither is assumed to fund each tranche individually.
- **ASCO Group — Refinanced multi-asset ABL package (2026-05-19):** This is a documented second financing decision with the same pair of lender groups. Individual lender allocations unknown; cross-border receivables and non-ABL cash-flow tranche remain mixed.
- **Batt Cables (2023 financing) — Hybrid term loan and RCF alongside ABL (2023-09-14):** The source does not specify the hybrid leg collateral or borrowing-base mechanics. It is tracked separately from STB receivables/inventory revolver; do not interpret as same-facility co-lending.
- **Batt Cables (2023 financing) — Receivables and inventory revolver (2023-09-14):** The 2023 Batt Cables company was 01353688, now BCL Realisations 2026 Limited in administration. The exact obligor, amount and later status of this facility are undisclosed. BZ separate hybrid facility is a distinct event.
- **Belfast Distillery / McConnell’s Irish Whisky — Revolving maturing-whisky inventory ABL (2026-05):** Shawbrook page is undated; May 2026 timing corroborated by contemporaneous transaction coverage. Previous ABL lender(s) unnamed; not counted as a switch from a known lender.
- **Carclo — Hybrid term loan and borrowing-base revolver (2025-04-24):** £36m is the whole hybrid package, not pure borrowing-base capacity. UK and US group asset pools are included; HSBC predecessor borrowing was repaid but its ABL mechanics are not established.
- **CHC Helicopter — Asset-backed acquisition / growth financing (2023-10):** Global group and facility; UK allocation undisclosed.
- **Chelmer Foods — Lloyds: Chelmer Foods case study (2025-11-20):** Capacity, exact legal lender and maturity are not disclosed. The 2021 warehouse purchase is not treated as the facility origination date.
- **Commhoist — Hybrid asset-based financing (2023):** Primary lender case expressly refers to 2023; finer transaction date not established. Capacity shown is the CID line only, excluding £1.5m extra capital.
- **Converge UK — Hybrid asset-based financing (2026-04):** Sponsor identifies acquisition in April 2026; primary lender case undated.
- **Cooper Turner Beck — Asset-backed acquisition / growth financing (2024-03):** Multi-country package; lender does not disclose amount or legal obligors.
- **Cromwell — Carve-out corporate ABL (2026-01-26):** Carve-out obligors and eligible collateral allocation are not named. The £60m is total facility capacity, not a drawn amount.
- **CT Automotive Group — Prior trade and invoice finance lines (2023-12-31):** The report does not provide a single HSBC committed capacity or all legal borrowers; the year-end date is an observation of balances, not inception.
- **CT Automotive Group — Inventory and receivables revolver (2024-10-11):** The $20m total is group funding ceiling; the UK legal entity is identified as collateral owner, not assumed sole borrower. Facility covers UK and US collateral.
- **CTD Tiles (2022 financing) — Asset-backed acquisition / growth financing (2022-04):** Historical 2022 borrower group. Do not automatically equate a subsequent purchaser/newco with the original borrower; legal-entity resolution remains open.
- **David Wood Baking — Food-production ABL refinance (2023-02-01):** £32m comprises £28.4m invoice finance and £3.6m plant/machinery. Separate £2.9m Fresh Thinking Capital facility is disclosed but its asset-backed structure is not established and it is not represented as a co-lender in this facility.
- **European Metal Recycling — Metal-recycling ABL facility (2024-01):** £200m is total facility size, not NatWest commitment. EMR legal name changed to EMR Group Limited in 2026; avoid confusing it with company 03650781, which acquired the former name in 2026. NatWest does not list other lenders or current status.
- **evo Group — Replacement club ABL package (2023-10-11):** £90m is a combined package: £80m invoice finance and £10m term loan; lender allocations undisclosed. BZ is not named in this new 2023 package.
- **evo Group — MBO refinancing package (2025-03-27):** Combined £80m invoice finance and £13m term loans; individual lender allocations undisclosed. One decision, not separate duplicate articles.
- **Evtec Automotive — Asset-backed acquisition / growth financing (2021-01):** Package includes receivables/real-estate funding and a £3m term loan; no component double counting.
- **FireAngel Safety Technology Group — Rolling invoice-discounting line (2023-12-31):** This is a 2023 balance-sheet status disclosure, not a new facility decision. It is distinct from a separate standby letter-of-credit facility and CBILS loan, neither counted as an ABL edge.
- **Gattaca — Gattaca Annual Report 2025: invoice financing (2025-02):** Note 17 specifies 4 February whereas note 20 refers to the end of February. £50m is the facility cap, not the amount drawn. No additional event is created for the annual report observation.
- **Genius Foods — Hybrid asset-based financing (2023-04):** Primary lender case undated; 4 April 2023 coverage establishes disclosure month. A December 2022 charge exists, so this is not asserted to be the signing month.
- **Glasgow Distillery Company — Whisky inventory-backed ABL (2026-06):** June 2026 is the Companies House charge creation month, not a visible lender-announcement date. The lender source identifies the group, while charge confirms a security interest of Glasgow Distillery Company Limited; legal obligor wording has not been checked in the instrument. Santander, Barclays and Clydesdale are excluded as unverified charge-only funding roles.
- **Goodfish Group — Multi-asset ABL for Flint acquisition (2024-12):** £11m is aggregate financing Shawbrook has provided to Goodfish, not the disclosed capacity of this incremental ABL. December 2024 month is corroborated by contemporary coverage; lender case-study page is undated. The prior 2020 financing predates this research window.
- **Gusbourne — Upsized wine inventory ABL (2022-08-15):** The original £10.5m facility was agreed in 2020 outside this research window. The 2024 bond is not treated as an ABF lender edge.
- **Headlam Group — Three-year borrowing-base ABL (2026-01-27):** Group announcement does not allocate bank commitments or identify every legal obligor. Companies House records administration from 8 September 2026. Future extension options are not counted as renewals.
- **Hercules — Hercules Annual Report 2024: IGF invoice facility (2023-11):** An intermediate £16m limit is reported subsequently; no separate dated decision is inferred for that step.
- **Hercules — Hercules RNS: increased working capital facility (2026-06-26):** Only the £20m invoice tranche is included; the separate £5m term-loan package is excluded. Publication is used as announcement date, not a separately verified execution date.
- **Highland Spring — Asset-backed acquisition / growth financing (2022-06):** Package includes £28m cashflow loan; ABL components total £26.3m (£15m receivables, £3m inventory, £5.2m machinery, £3.1m property). Lender allocations undisclosed.
- **Hilltop Honey — Santander: Hilltop Honey financing package (2024-08-22):** The £10m mixed package is not entered as ABF capacity because individual tranche allocations are undisclosed.
- **HJ Enthoven (formerly Ecobat Resources UK) — Carve-out industrial ABL (2025-12-01):** Transaction date corroborated by buyer Splitstone Capital announcement. Future draw or current availability not inferred.
- **Hobbycraft — ABL acquisition / growth facility (2024-08-30):** Facility amount and collateral mix are not disclosed.
- **Hornby — Pre-switch UK ABL (2022-03-31):** This is a year-end status observation, not a new 2022 PNC financing decision.
- **Hornby — Replacement UK ABL (2022-04):** The report references both 13 and 21 April for transfer/replacement; month precision avoids implying a certain signing day. Legal group obligors not all specified.
- **Hornby — Extension of UK ABL (2024):** Exact extension decision date is not stated. A 2024 report does not establish activity after December 2025.
- **Hunting — Working-capital ABL (2022-02):** UK-headquartered issuer with international assets; UK-only collateral cannot be established. The ABL was repaid and cancelled in October 2024. The subsequent non-ABL facilities are excluded.
- **IG Design Group — US-based asset-backed revolving credit facility (2023-06-23):** US-based facility with global operations; included as a UK-group mixed-scope historical link, not a UK-only loan.
- **IG Design Group — Recourse receivables finance facility (2025-07-11):** Announced on 14 July and executed on 11 July. Individual bank commitments and legal obligors are not disclosed.
- **Iridium Consulting — Santander: Iridium Consulting invoice finance (2022-02-25):** Banking relationship since establishment does not itself prove repeat ABF decisions. Exact registered borrower and maturity are not disclosed.
- **Kelling Group — Plant and machinery ABL (2022-08):** NatWest page displays a malformed GBP amount; no facility capacity or individual allocation is recorded. No recent status is inferred.
- **LPA Group — LPA: successful refinancing of banking facilities (2026-01-19):** Minimum three-year term; exact execution date, full obligor list and tranche breakdown are undisclosed.
- **Lyte Ladders and Towers — Ladder-manufacturer merger facility (2024-01-30):** Prior 2019 funding predates the research window. Collateral makeup and exact merger obligors are not specified, so this is a lower-detail ABL arm disclosure rather than a fully documented borrowing-base facility.
- **McCarthy Marland — Hybrid asset-based financing (2022):** The lender case is undated. An 11 August 2022 contemporary report confirms the acquisition and Shawbrook refinancing in 2022; exact signing month is unconfirmed. July 2022 charge timing is supplementary legal evidence. £12.6m is the property component, so total ABL package capacity is left unknown. CH shows 2026 satisfaction; no current status inferred.
- **Michael Page (formerly PageGroup) — PageGroup: FY2025 full-year results (2025-12-31):** Balance-sheet observation, not a financing decision. The separate £80m RCF with HSBC and BBVA is excluded. Group is international and the disclosed invoice facility’s complete collateral geography is not specified.
- **Minova — Asset-backed acquisition / growth financing (2022-02):** Multi-country hybrid package, not UK-only or ABL-only capacity.
- **Mole Valley Farmers — Agricultural co-operative ABL and trade package (2024-05-20):** Combined ABL and trade-loan package; allocation between products and lenders is undisclosed.
- **Montash — Lloyds: Montash working-capital and invoice finance (2024-12-06):** The disclosed £1.2m is additional support rather than a clearly identified total invoice facility cap; capacity remains unknown. No lender commitment allocation is inferred.
- **mthree / Peregrine — Wiley Edge carve-out working capital (2024-06-11):** The source does not establish a drawn balance or a complete lender roster.
- **mthree / Peregrine — mthree / Peregrine merger ABL (2026-02-16):** Lender publication date used; sponsor reports merger completion in January 2026. New facility is an explicit financing decision, not a second count of the 2024 carve-out.
- **Muntons — Malt producer ABL extension and sustainability loan (2024-12):** HSBC cites an £83.8m overall funding package, but does not allocate that amount to the ABL alone; ABL capacity is left unknown. Precise extension date and legal borrower not given.
- **NWF Group — NWF Annual Report 2025: banking facilities renewal (2025-01-06):** Separate £10m RCF and £1m overdraft are excluded; £10m accordion is uncommitted. The report explicitly describes renewal, rather than merely restating the facility.
- **Nynas — Asset-backed acquisition / growth financing (2021-03):** Primary page contradicts itself: headline/body says £100m, numeric panel says $100m. Amount and currency remain null pending definitive agreement.
- **Otto Car — Revolving block-discounting facility (2023-01-11):** The source does not establish a drawn balance or a complete lender roster.
- **Oxalis Logistics Group — Joint bulk-transport ABL refinance (2025-10-16):** €101m covers Oxalis and Tank und Silo jointly. Oxalis-only and UK-only capacity are undisclosed, so capacity is null rather than duplicating the package.
- **Parity Group (now Partway Group) — Billed and unbilled receivables ABL (2021-04):** The company report gives April 2021, not the exact signing day; Leumi legal funding entity is described as Leumi ABL Ltd. The historical PNC facility is context rather than a second in-window decision.
- **Parity Group (now Partway Group) — Extension of receivables ABL (2023-04):** Month of the extension is stated in company results. Current status is not inferred from the historical extension; the former Parity parent is now in liquidation.
- **Prime Light Electrical — Invoice discounting and term-loan refinance (2023-04-04):** The source does not establish a drawn balance or a complete lender roster.
- **Prime Light Electrical — ELP acquisition funding package (2025-09-04):** Package total includes receivables and term-loan debt; allocation undisclosed.
- **ProService Building Services Marketplace — Receivables-based ABL revolver (2026-07-20):** The separately issued Ravensworth convertible notes are not an ABL participant. Advance rate up to 85% and concentration limits mean capacity is not drawable headroom.
- **Pure Electric — E-mobility inventory facility (2022-03-10):** Charge satisfaction does not itself identify which of several facilities ended; current funding position requires confirmation. Legal facility borrower is not explicitly named in lender release.
- **R&W Scott — Hybrid asset-based financing (2024-07-08):** Borrower dates the transition to 8 July 2024; lender case is undated.
- **Recycling Lives (historical group) — NatWest: sustainability-linked ABL for Recycling Lives (2023):** Year precision reflects Q1 2023 evidence. NatWest case study is undated; webpage refresh dates are not financing dates. Separate Lombard support is excluded from this ABL amount. Historical after January 2024 administration.
- **RSBP Group — Hybrid asset-based financing (2022):** Primary adviser Crowe identifies the RSBP refinancing among its completed 2022 transactions. Lender case undated; fine date and CID-only allocation unknown.
- **RTC Group — RTC Group: 2026 half-year results (2026-06-30):** Observation date is the reporting balance-sheet date, not a new facility signing. Annual review is not by itself evidence of a separately negotiated renewal.
- **Rygor Group — Hybrid asset-based financing (2022-11):** Borrower’s own anniversary article specifies November 2022 MBO; lender case undated. Eight-figure amount not converted to a guessed number.
- **SES Energy — Asset-backed acquisition / growth financing (2025-10):** Multi-country package; UK allocation undisclosed.
- **Shawston Group — Hybrid asset-based financing (2026-07):** Lender press-release index places this announcement in July 2026. Package total includes cashflow lending.
- **Sigma Advanced Systems UK — Invoice-discounting and working-capital acquisition facility (2025-11):** £20m is combined facility size, not invoice-discounting-only capacity; individual components undisclosed.
- **Sigma Pharmaceuticals — Club ABL facility (2022-11-25):** Facility includes invoice discounting and property lending; lender allocations undisclosed.
- **Sigma Pharmaceuticals — Bilateral ABL refinance (2025-09-19):** New bilateral facility replaces prior Leumi/ABN AMRO club. ABN AMRO is not carried forward into the new facility.
- **Signify Technology — Cross-border receivables facility (2026-02-04):** The source does not establish a drawn balance or a complete lender roster.
- **SIL Group — Inventory-led textile ABL refinance (2025-08-20):** Lender page gives no exact capacity or borrower entity. Event date is from primary adviser Interpath: https://interpath.com/media-hub/articles/interpath-advises-the-sil-group-on-multi-million-pound-refinance-facility-with-shawbrook-as-the-family-owned-textiles-group-eyes-international-growth/
- **Silcoms — ABL acquisition / growth facility (2025-12-18):** Legal entity not assumed from the similarly named current company; aggregate package amount.
- **Spaldings — Acquisition ABL and working capital (2022-06-22):** A later mthree article says June 2023 for Spaldings; original lender article, sponsor portfolio and adviser all identify June 2022. No new 2023 event inferred.
- **Staffline Group — Staffline Annual Report 2024: Receivables Finance Agreement (2023-12-14):** The £20m accordion and one-year extension option are excluded from committed capacity and realised renewals. Original 2021 facility is not separately counted here.
- **Staffline Group — Staffline Annual Report 2025: RFA lender replacement (2025-03-12):** A lender replacement decision, distinct from the December 2023 modification. Annual report descriptions of the same RFA are supporting evidence, not extra events.
- **Standard Wool UK — Wool-business ABL refinance (2021-07-21):** Combined facility includes a term-loan component.
- **Sunbelt Rentals (formerly Ashtead) — Ashtead/Sunbelt cross-border ABL renewal and increase (2024-11):** Total international capacity; UK allocation and individual commitments unknown. Parent guarantors are not assumed legal borrowers. December 2025 redomiciliation amendments and later restatements are not extra financing decisions. Facility renewal does not prove every listed lender participated before the renewal; participant repeat evidence is false.
- **Superdry — Superdry shareholder circular: Bantry Bay ABL (2022-12-22):** The £80m includes a £30m term component. Original maturity 22 December 2025 with an option; exercise is unverified. HSBC/BNP predecessor facility is not created as an additional decision from retrospective mention.
- **Superdry — Superdry Annual Report 2023: Hilco facility (2023-08-07):** Distinct new facility and execution date from the December 2022 Bantry Bay transaction. Original maturity 7 August 2024 plus an option; later extension or repayment is not assumed.
- **Supreme — Inventory and debtors ABL (2025-03-28):** Collateral subsidiary Supreme Imports Limited (05292196) is identified; report does not explicitly identify every legal obligor. Capacity is not a drawn balance.
- **Synnovia — Manufacturing hybrid ABL package (2024-05-24):** Approximately £20m combined package, not a precise ABL-only amount.
- **TG Jones (formerly WH Smith high street) — ABL acquisition / growth facility (2025-07-17):** The financed high-street business is distinct from WH Smith’s retained travel/overseas business. Legal entity is representative, not confirmed facility obligor.
- **The Artisanal Spirits Company — Artisanal Spirits: successful refinancing (2025-09-23):** RBS RCF was repaid and is excluded because the reviewed refinancing announcement does not establish it as ABF. Group international sales do not imply all collateral is overseas.
- **Thinkprint UK — Hybrid asset-based financing (2023-04):** Lender case is undated; contemporary Printweek report explicitly places the transaction in early April 2023 from CH filings. Exact day unknown.
- **Thomas Plant Hire — Three-bank borrowing-base ABL club (2022-04):** The RSM case study is undated; April 2022 is the announcement month independently corroborated by contemporary coverage. Individual commitments unknown.
- **Timber Connection — Timber working-capital ABL (2021-04-08):** Leumi ABL and Bank Leumi (UK) plc are disclosed together and consolidated into one lender group, not two independent lenders.
- **Treatt — UK inventory and receivables ABL (2025):** The precise extension date and legal borrower are not stated; R.C. Treatt & Co Limited is a security provider, not assumed to be the sole borrower.
- **Ultimate Products — Ultimate Products RNS: interim results 2026 (2026-01-31):** FY2025 narrative also stated £25m while the later interim compares £23.5m for both dates; the latest reported amount is retained with the discrepancy explicit. Import loans and RCF are excluded. No new or repeated decision is inferred. Ultimate Products UK Limited is the identified receivables owner; legal borrowing entities need agreement-level verification.
- **Watson Fuels — ABL acquisition / growth facility (2025-04-10):** Acquisition package; exact collateral composition and legal obligors not disclosed.
- **Widdop Bingham & Co — Hybrid asset-based financing (2023-07):** Primary lender case undated. Contemporary 5 July 2023 article establishes announcement month; no exact contract day inferred.
- **Window Ware — Hybrid asset-based financing (2022):** Lender case is undated; 15 December 2022 contemporary deal coverage confirms the year. November 2022 charge timing is supplementary legal evidence and is not treated as the exact financing decision date. CH supports timing and identity, not the lending edge.
- **ZOO Digital — ZOO Digital: FY2026 final results (2026-03-31):** The going-concern note says £2m while the borrowing note says $2m. The latest report refers to October 2025 approval whereas FY2025 described October 2024. Capacity and origination date are therefore not asserted. A separate US HSBC facility is excluded.

## Interview leads from shared funders

These overlaps are discovery hypotheses. Corporate borrowers can have very different collateral and reporting requirements even when the same banks appear.

- **ASCO Group + CTD Tiles (2022 financing):** BZ, Leumi UK (2 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.
- **ASCO Group + Highland Spring:** BZ, Leumi UK (2 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.
- **Amey + IG Design Group:** HSBC, NatWest (2 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.
- **Sunbelt Rentals (formerly Ashtead) + Thomas Plant Hire:** Barclays, HSBC, NatWest (3 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.
- **IG Design Group + Thomas Plant Hire:** HSBC, NatWest (2 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.
- **Sigma Pharmaceuticals + Staffline Group:** ABN AMRO, Leumi UK (2 shared funders). Ask each treasury and facility-reporting team what eligibility, borrowing-base and monitoring work recurs; ask the funders whether the same desk serves both facilities.

Facility capacity is not the drawn balance or an individual lender commitment. A group-level Companies House identity does not prove that the same company signed every facility. Unknown lender allocations and legal obligors remain blank in the ledger. A dated source documents a relationship at that point in time, not necessarily an active facility today.