Corporate Debt Restructuring

Offering a strategic perspective to corporate debt

/ FCA Registered

Reference: 729876

Who Are Mill Wood Finance?

Since 1999 we have been helping businesses review and reshape how their borrowing is structured, working with finance directors and business owners to ensure that debt arrangements support the business rather than hold it back.

Our Ethos:

At Mill Wood Finance, we look at debt restructuring as a strategic exercise, not a crisis response. We work independently of the lenders we place business with, and our advice is shaped by what the business needs, not the preferences of any single bank or funding provider.

Strategic debt restructuring advisory for UK businesses

At Mill Wood Finance, we provide strategic corporate debt restructuring solutions designed to strengthen your business’s financial position and support long-term growth.

We work closely with finance directors and senior management to develop tailored strategies that optimise your capital structure, improve cash flow and maximise the benefits of equity.

Our team take a holistic view of your business finances. We look at the broader strategic impact of restructuring debt. Whether your goal is to reduce interest costs, extend maturities, unlock working capital or reposition equity, we provide guidance and broker access to financial products that aligns with your corporate objectives.

Our strategic debt restructuring services empower companies to strengthen their balance sheet and improve financial resilience.

Partner with Mill Wood Finance to turn debt restructuring into a strategic advantage.

What is corporate debt restructuring?

Corporate debt restructuring is the process of reviewing a company’s existing borrowing and making changes to improve how that debt is arranged. This can involve renegotiating terms with current lenders, consolidating several facilities into a single structure, extending or shortening repayment periods, adjusting covenant requirements, or moving lending to a different provider entirely.

Businesses typically carry a combination of term loans, revolving facilities, asset-backed lending and other forms of borrowing. Over time, these can accumulate without a coordinated structure. Debt restructuring looks at how these facilities sit alongside each other and whether the overall position could be improved.

Debt restructuring is relevant to businesses in numerous situations. Some are under pressure and need to address borrowing that has become difficult to manage. Others are in a strong position and want to improve terms, reduce cost or release funds for other purposes.

Debt restructuring vs Debt refinancing

These terms are often used interchangeably, but they describe different things. Debt restructuring involves changing the terms of existing borrowing, whether that means adjusting repayment schedules, renegotiating covenants or converting debt into a different form. Debt refinancing means replacing existing borrowing with new lending, typically on improved terms and often from a different provider.

When is debt restructuring needed?

Not all debt restructuring is driven by financial difficulty. Businesses restructure their borrowing for a range of commercial reasons, from reducing the overall cost of debt to releasing security for other purposes. In each case, existing arrangements are no longer the best available option for the business, and an independent review can identify where real improvements can be made.

When should a business consider restructuring its debt?

Existing facilities were arranged several years ago and the terms no longer reflect what is available in the market
The business has grown or changed direction since its current borrowing was put in place
Borrowing is spread across multiple lenders with no coordinated structure
Covenant requirements are restricting the ability to invest or operate freely
A key lender has changed its appetite for the sector or signalled that it intends to reduce its exposure
The business is preparing for an acquisition, a disposal or a change in ownership and needs its debt position to support that event
Monthly repayment obligations are putting unnecessary pressure on cash flow

If any of these apply, an independent review is likely to uncover options that have not yet been considered.

Acting Early Makes a Difference

Businesses that review their borrowing before problems become urgent tend to have more options available to them. Lenders respond more favourably to a well-prepared proposal than to a request made under pressure. If your current debt arrangements are causing concern, or if you suspect that better terms might be available, the earlier you engage with an independent adviser the stronger your position is likely to be.

How Mill Wood Finance will help

1. Review

We carry out a detailed review of the full debt position of the business. That means looking at every facility, its cost, its terms and how it sits within the broader borrowing arrangement.

2. Assess

Because our advice is independent of any lender, we can give an honest assessment of whether the current arrangements are competitive and where there is scope for improvement.

3. Recommend

We present clear options for how the debt could be restructured or refinanced, setting out the practical implications of each route and what it would mean for the business.

4. Implement

We prepare the business case, approach suitable lenders from our network and manage the process through to completion. Our clients are not left to handle lender negotiations without support.

FAQs

What is the difference between debt restructuring and debt refinancing?

Debt restructuring involves modifying the terms of existing borrowing, such as extending repayment periods, adjusting covenants or converting debt into a different form. Debt refinancing means replacing existing lending with new facilities, typically on better terms and often from a different lender. The two can form part of a broader review of how a business borrows, and Mill Wood Finance advises on either approach depending on the circumstances.

Is debt restructuring only for businesses in financial difficulty?

No. While businesses under financial pressure do restructure their debt, many businesses pursue restructuring from a position of strength. They may want to reduce borrowing costs, improve cash flow or release security for other purposes. Others want to make sure their debt arrangements still reflect how the business has developed. A proactive review often delivers better outcomes than waiting until there is a problem.

Can debt restructuring reduce the overall cost of borrowing?

In many cases, yes. Businesses that have been with the same lender for an extended period or that arranged facilities during less favourable market conditions may find that better terms are now available. An independent broker can compare existing arrangements against what is currently available in the wider market and identify where there is room to reduce cost.

How long does the debt restructuring process take?

It depends on the complexity of the existing arrangements and what changes are being made. A straightforward refinancing with a single new lender can move relatively quickly. A more complex restructuring involving multiple facilities or lenders will take longer. Mill Wood Finance manages the full process and keeps clients informed throughout.

Why use a broker for debt restructuring rather than going directly to a bank?

A single bank will only offer its own products and will assess the business against its own lending criteria. A broker works across the whole market, including specialist lenders that many businesses would not approach directly. Beyond access, a broker can also advise on how the overall debt position should be structured, not just which individual facility to take. At Mill Wood Finance, we have been advising businesses on debt and lending strategy since 1999 and hold full FCA authorisation for our credit broking activities.

Does Mill Wood Finance work with businesses outside of Brighton?

Yes. While our office is based in Brighton, we advise businesses across the UK. Much of our work is handled remotely, and we are happy to meet in person where that is helpful.

Let's work together for your corporate debt refinancing requirements

Whether you are looking to reduce borrowing costs, restructure existing facilities or prepare your debt position ahead of a significant business event, we are happy to discuss your situation and outline how we can help. You can book a meeting directly using the calendar below, visit us at our Brighton office, call us on 01273 523690 or email [email protected].