Each year millions of pounds are advanced by asset based lenders to their clients. These funds are advanced on documented legal agreements which therefore are absolutely fundamental to the business operations of the lenders. Your documents must adequately and properly reflect not only the legal landscape in which you operate but also the operational landscape of your business. Both the legal and operational frameworks change constantly as do those of your competitors, whether due to changing legislation, changing IT, changing demand or changing markets of your clients. It is essential therefore that your core facilities and ancillary documents are up to date. Equally your advances are properly and adequately secured both at a corporate and individual level.

We have many years experience in drafting these documents. We understand your business, its pressures, the IT systems used and have been at the cutting edge of product development through this period providing innovative solutions that cater not only to the current environment but which look to address the way your industry is evolving and give you the confidence and ability to attack your marketplace securely and in the knowledge that your documentation will help to keep you at the forefront of your market.

For more information, please contact Chris Willison, head of Blake Lapthorn solicitors' Asset based lending team at chris.willison@bllaw.co.uk or on 020 7814 6917.