Case Study: Rebanking restructures £630k of facilities for farming business to provide more suitable funding arrangement

Background

An agricultural business approached our Business Funding and Debt Restructuring Partner after their incumbent bank served notice to rebank. The business held a large, £470k overdraft, which needed to be restructured to allow it to reduce over time, alongside £160k of loans. The client was introduced to our Head of Funding and Debt Restructuring, Lee Hayes, by one of our Agricultural Partners who has worked with a business for many years.

Why they sought to work with us

They needed specialist support to refinance cost‑effectively, remove the hardcore element of the overdraft, and secure working capital aligned to day‑to‑day trading. Our ability to run a comprehensive fact‑find, test the market, and structure a proposal around a low loan‑to‑valuation (LTV) of 21% made us the right partner for their business funding and debt restructuring objectives.

What did we do?

• Completed a full fact‑find to assess viability and security position (LTV 21%).
• Prepared a concise, evidence‑based lending proposal.
• Presented the proposal to a number of banks to secure competitive terms.
• Secured an offer from a new banking partner comprising a £550k loan (to repay existing loans and the majority of the overdraft) and an £80k overdraft for working capital.

How we did it?

• Collated financial information and clarified short‑ and medium‑term funding needs.
• Structured the case around the strong security position and clear repayment profile.
• Market‑tested the proposal with multiple lenders to achieve better‑value funding.
• Coordinated documentation and completion to transfer the facility to the new banking partner.

Results

• Rebanked and completed the facility transfer.
• Legacy loans repaid and the hardcore overdraft materially reduced/removed.
• £80k overdraft in place to support working capital and cash‑flow management.
• Lower overall funding cost than the previous arrangements.

“From the initial funding options presented to us, Lee fully explained and advised. He guided us through the whole process from start to finish and was always on hand to answer any queries or concerns.”