Leading UK law firm in the ABL arena
The team is particularly strong in the commercial finance arena and acts for a large number of ABLs and cash flow finance providers.
We regularly provide commercial advice to ABLs dealing with client mergers, acquisitions and demergers and to help ABLs assess the specific legal and commercial risks to them presented by their clients’ contractual arrangements with customers and suppliers.
We are experienced in advising on documentation, dispute resolution issues, debt recovery, fraud and insolvency.
We have handled a significant number of finance matters over the last 12 months which has seen us working with a number of banks, property funds, asset based lenders, lessors of plant and equipment, discounters and other asset financiers, brokers and intermediaries.
We repeatedly win work over London based firms due to our unique skillset and experience in asset and invoice finance and ability to discover creative and innovative solutions to problems. We work in close collaboration with our clients, challenge convention and aim to find better ways of delivering legal services.
Key Asset and Invoice Finance Contacts
Noel Ruddy and Nigel Davidson co-edit Salinger on Factoring, together with leading ABL Barrister Simon Mills, which is now in its fifth edition. Salinger on Factoring is generally regarded as the authoritative text on the law and practice of invoice finance in the UK. It is renowned across the globe for its highly practical approach and, in addition to an in-depth legal analysis of UK factoring law, it discusses the various forms, uses and methods by which invoice finance services can assist businesses. It also offers detailed coverage of the legal background in which such services operate.
What our clients say
"PDT are ABL industry specialists and that expertise has been invaluable to us over the years. In addition, they have built a formidable corporate practice and this is another in a long line of successful deals we have worked on together. This was a complex deal which needed to be done quickly and efficiently. Noel’s industry expertise and Rosie’s calm efficiency were instrumental in the success of this transaction, and we will continue to use them for ABL and corporate support."
John Wilde, Managing Director
Investec Capital SolutionsView more
"This was our second major acquisition in the UK and it was important we got it right. As always, the team at PDT were a pleasure to deal with throughout the transaction, were extremely professional and responsive making sure that we completed the deal within a tight deadline. This meant that we could make the commercial announcements we needed to make on time. They guided us through the complex process and whilst there were some aspects of the deal which required some thought, Rebecca and Rosie were extremely proactive in getting any issues resolved."
Martin Woolley, CEO
The Specialist Works LimitedView more
"Having worked at PDT for a number of years I knew Noel Ruddy to be one of the best in the business and it's fair to say the whole team did a brilliant job. Thanks to PDT's advice and assistance the legal process from start to finish was completely painless"
Chris Setford, Director
Setfords SolicitorsView more