Debt Refinancing for UK SMEs

Your existing debt was arranged when your business was in a different position. The market has moved, your business has grown, and you are probably paying too much. We refinance your facilities at better rates, on better terms, with less restrictive covenants.

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Rate reduction • Tenor extension • Consolidation • Covenant release • Lender switch

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Why Refinance?

Four reasons businesses refinance. Most apply to you.

Reduce the Rate

If your business has grown, your profitability has improved, or your asset base has expanded since your current facilities were arranged, you may qualify for significantly better rates in the current market. We model the saving before we recommend refinancing.

Extend the Tenor

Shorter repayment terms mean higher monthly servicing costs and less flexibility. Refinancing to extend the term reduces monthly repayments, releasing cash flow for investment, working capital, or distributions.

Consolidate Facilities

Multiple facilities with multiple lenders creates complexity, administrative burden, and often higher total cost. A single, well-structured facility can be cheaper, simpler, and leave you in a stronger negotiating position at renewal.

Release Restrictive Covenants

Old facilities often carry covenants that made sense when the debt was arranged but now restrict growth, dividends, or further borrowing. Refinancing is the opportunity to reset the terms to reflect your current and future position.

Our Approach

We do not just find you a cheaper loan. We redesign your debt structure.

Refinancing is not just a rate comparison exercise. The structure of your debt, the covenants attached to it, the security charged, and the flexibility built in all affect how your business can operate and grow.

We start by auditing your existing facilities: what you are paying, what covenants are in place, what security has been given, and when facilities mature. We then model the optimal structure for the next three to five years and approach the right lenders to deliver it.

We also advise on whether refinancing is actually the right move. Sometimes renegotiating with your existing lender is the fastest and cheapest path. Sometimes it is not. We give you an honest view before anyone approaches anyone.

01Debt Audit

We review every existing facility: rate, tenor, covenants, security given, and upcoming maturity dates. We identify where you are paying too much and where you have unnecessary constraints.

02Structure Design

We design the optimal debt structure for your business: the right mix of products, the right tenors, and the right covenants. We model the cash flow impact before approaching a single lender.

03Lender Approach

We prepare the Lender Ready pack and approach competing lenders simultaneously. Competition is the most powerful tool in any debt negotiation.

04Negotiate & Execute

We negotiate terms, manage the credit process, and work with your solicitors through to completion. We also manage the repayment of your existing facilities.

FAQ

Common Questions

We model this before recommending you proceed. The analysis needs to compare your current all-in cost of debt (rate plus fees plus any hedging costs) against what you could achieve in the current market, taking into account any early repayment charges on existing facilities. In many cases, even where the headline rate saving is modest, the combination of rate improvement, tenor extension, and covenant release creates significant value.

This depends entirely on the terms of your existing facilities. Some term loans carry break costs or early repayment charges, particularly those with fixed interest rates. Revolving credit facilities and overdrafts typically do not. We review your existing facility documents as part of our debt audit and factor any exit costs into the refinancing economics before we advise you to proceed.

This is a question of timing and strategy. In some cases, letting your existing bank know you are exploring the market prompts them to improve your terms without you needing to switch. In others, it is better to secure alternative terms first and then use them as leverage in a negotiation. We advise on the right approach given your specific lender relationship and the nature of your facilities.

For a straightforward single-facility refinancing with a clean application, six to ten weeks from starting the process to drawdown is typical. More complex multi-facility or multi-lender refinancings take longer. The Lender Ready preparation we do upfront is the most important factor in reducing timeline risk. A well-prepared submission to the right lenders is almost always faster than a poorly prepared submission to many.

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