A Hertfordshire-based fast-moving consumer goods business operating in the food and beverages sector has secured a six-figure Revolving Credit Facility following a prepack administration.
The company faced significant challenges from the combined impact of COVID-19 and sharply rising rent, labour, and energy costs. With a tight deadline to complete the restructure, our team sourced a pragmatic and understanding lender capable of moving at speed while carefully assessing the business’s position.
Management’s strong forecasts and access to off-balance sheet assets provided valuable collateral. This, combined with a clear recovery plan, enabled the chosen lender to gain comfort quickly. The Revolving Credit Facility was credit approved in just 48 hours.
The flexible facility met the day-one financial requirements of the restructure and now provides adaptable working capital. The business can draw funds as needed during growth periods and repay when surplus cash is available. Its light-touch administration allows the directors to concentrate fully on rebuilding and expanding operations rather than managing complex finance arrangements.
This outcome demonstrates our expertise in securing fast, practical funding solutions for businesses navigating complex restructures in challenging sectors.
