Penningtons carries out major projects for UK and international banks involving off balance sheet financing, invoice discounting arrangements and inventory finance solutions as well as high profile reorganisations of financiers' clients in various industries.
We continue to act on a variety of trade finance transactions, including letters of credit (term, sight and standby), forfeiting, bill discounting and freight forwarding issues. We have built an enviable position in the marketplace for the linking of supplier and receivable finance as a 'one stop' financing solution.
We also act on crisis management assignments obviating the necessity for formal insolvency proceedings. In addition to banks and secondary lenders, we work in conjunction with accountancy firms offering a packaged solution to meet client needs.
We are regular contributors to the Asset Based Finance Association through a range of seminars and workshops.