Asset-based lending — food for thought
Food manufacturers have a lot on their plates these days. Margins are sliced wafer-thin, competition is becoming increasingly intense and, in many cases, working capital has been depleted significantly. To continue to compete effectively and stand out in their product categories, food companies are under pressure to explore new options for growth.
However, traditional finance facilities, based on weakened post-crunch balance-sheet performance, will inevitably prove inadequate for UK food companies with ambitions for expansion.
In a market characterised by asset-rich, process-intensive organisations, operating with tight margins, it is entirely logical that the use of asset-based lending by the UK food industry has come into its own….
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