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The Book People
Valuation provided, which enabled a new loan facility to be secured on improved terms.
We were asked to conduct a comprehensive inventory valuation to support The Book People's search for a new source of capital. Headquartered in Godalming, Surrey, the award-winning independent, multi-channel bookseller required a new loan facility to refinance its existing loans. Having previously provided asset appraisals for The Book People, we were well-placed to undertake the project. The company has a unique inventory profile with multiple sites and multiple sales channels. Leveraging our deep understanding of asset values, we were able to provide a thorough appraisal of the complex inventory profile, which totalled £25 million at cost. Our report included detailed analysis of the merchandise and sales for each site and distribution channel. As a result of the valuation provided, PNC structured a facility on improved terms, to support future growth of the business.