Leumi ABL
The Brighton-based asset-based lending division of Leumi UK Group, part of Israel's Bank Leumi, providing structured ABL facilities to UK and European corporates.
What they do
Leumi ABL is a specialist asset-based lender that combines invoice finance (receivables) with stock finance, plant-and-machinery finance, property finance, and supporting term and cash-flow loans into a single structured facility. It is the ABL arm of Leumi UK Group Limited, founded in Brighton in 2006, with Bank Leumi le-Israel as ultimate parent. The model is event-driven: it funds refinancings, growth, acquisitions, mergers and MBO/MBI transactions, frequently alongside other lenders and private-equity sponsors. Facilities run up to around £100m, with the firm describing recent deals from roughly £5.5m upward.
Where they fit in a lower-mid-market raise
For a 3–15m raise, Leumi ABL fits at the upper end of that band where the borrower has a genuinely asset-rich balance sheet — a meaningful receivables ledger, stock, or plant — and wants those assets worked hard into a single committed structure rather than a vanilla invoice-discounting line. They are a credible counterparty for working-capital-led acquisitions, MBO/MBI funding and refinancings of around £8–15m, and are comfortable sitting in a club or alongside a cash-flow/term provider. The relationship-led, deal-focused posture suits situations needing structuring judgement and speed over the cheapest headline rate.
Where they are not the fit
Below roughly £5m, or for asset-light businesses (services with thin tangible assets, early-stage or pre-revenue), Leumi ABL is rarely the natural home — the structuring overhead of a full ABL package is not justified and a simpler invoice-finance or cash-flow provider will be a better fit. It is not a covenant-lite unitranche or growth-equity provider, and a borrower wanting clean cash-flow leverage without an asset base to lend against should look elsewhere. Pure property or hotel finance sits with the wider Leumi UK bank rather than the ABL division.
Published terms
- Pricing
- Service fee + discount margin not published; market ABL ID ~base + 1.5-3.5% as context only
- Speed to terms
- Not published
- Sponsored or sponsorless
- Both sponsor-backed and owner-managed borrowers
- Where they lend
- London & SE, Midlands & SW, North West, Yorkshire & NE; national via introducers
- How they decide
- Relationship-led ABL desk with regional sales directors; delegated authority/committee cadence not published
- Security
- A borrowing base over receivables, inventory and plant
- Covenants
- Springing covenant, tested only when a trigger is hit
As published by the lender and last reviewed July 2026. Terms quoted on a deal are set by the credit, not by a published band.
What rules a deal out
Stated limits, taken from Leumi ABL’s own published criteria. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- Sub-£3m structured ABL below appetite
- No appetite in adult, crypto, gambling or weapons
How they sit against the category
- Its published ceiling of £100m is among the 3 highest of the 40 asset-based lenders here.
- 11 of the 40 publish an indicative price at all; it is one of them.
Counted across the 40 asset-based & asset-finance lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Leumi ABL write?
Published facilities run £3m to £100m. A band is what a lender states it will do, not what it will do on a given credit.
What security does Leumi ABL take?
On the published terms, a borrowing base over receivables, inventory and plant. What a lender takes on a given facility is set in the documents, not by a published stance.
Does Leumi ABL lend to companies without a private-equity sponsor?
Yes. Leumi ABL lends to owner-managed and sponsor-backed borrowers alike, so a company with no private-equity backer is not out of scope on that ground.
Where does Leumi ABL lend?
London & SE, Midlands & SW, North West, Yorkshire & NE; national via introducers.
What covenants does Leumi ABL set?
Springing covenant, tested only when a trigger is hit. A covenant package is negotiated on the facility; the published style is where the negotiation starts.
On the record
Leumi ABL is the asset-based lending division of Leumi UK Group Limited and offers invoice finance, stock finance, plant & machinery finance, term loans, cash-flow loans and property finance, with structured ABL facilities up to ~£100m.
Leumi ABL's services page details invoice discounting (confidential, with optional bad-debt protection), revolving stock finance, plant & machinery finance with valuation-based advance rates, and term loans repayable over periods up to five years.
Leumi ABL's asset-based lending subsidiary opened in Brighton in 2006; Leumi UK traces its lineage to a London subsidiary incorporated in 1959 and remains part of the Bank Leumi group, with the group loan book passing £2bn in 2024.
Bank Leumi (UK) plc is an FCA-authorised bank on the Financial Services Register; the ABL division lends to corporate borrowers within the wider group.
Leumi UK Group Limited is registered at Companies House (number 00620951), confirming the corporate parent of the ABL business.
Leumi ABL provided a £33m working-capital facility (£28m against receivables, £5m against inventory) to Mutares' Special Melted Products in Sheffield, supporting a turnaround that led to a £144m sale — illustrating the receivables-plus-inventory structuring approach.
Leumi ABL and Close Brothers provided a £93m refinancing package to evo Group (an £80m invoice finance facility plus £13m of term loans) to facilitate a management buy-out, showing its appetite to club with other lenders on larger transactions.
Leumi ABL provided a £10m asset-based lending facility to support the merger of recruitment-sector portfolio companies Mthree and Peregrine International, evidencing deals at the lower-mid-market end.
Addleshaw Goddard advised Leumi ABL on an amended £5.5m receivables facility for Signify Technology Group, indicating the firm's smaller-deal floor.
Sources: leumiuk.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.