Leumi ABL has supported Dorset-based Design Objectives, trading as Docrafts, with a multi-million-pound ABL facility.
Docrafts is a leading supplier to the arts and crafts market, with a full range of products including papercraft, softcraft, cake decorating and all those essential tools required for crafting. It owns leading craft brands such as Papermania and X-cut, and designs are developed in-house and in collaboration with the likes of Hallmark and Santoro.
The deal, completed in July, replaced the incumbent funder and has provided a flexible finance facility for the future.
Docrafts CEO Clive Daley commented: “We were recommended to Leumi ABL and after what has felt like a short time have entered into a financing partnership with them that gives us flexibility for the future. Supported by a great team, Leumi ABL was very efficient and got us to the end point very quickly.”
Chairman Steve Barber added: "We are delighted to be working with Leumi ABL. Jonathan Hughes delivered what he promised and within a very short timescale. We look forward to our future relationship with the company."
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