North Devon – Alchemy Business Finance has completed an £85,500 asset finance restructuring package for a mixed livestock farm in North Devon, consolidating multiple machinery finance agreements and delivering a significant reduction in monthly repayments.
The farm had been servicing two separate finance agreements across three key pieces of equipment, resulting in monthly outgoings of just over £6,000. With commodity prices fluctuating and winter feeding pressures increasing, these repayments were placing strain on cashflow at a time of year when many farm businesses experience reduced liquidity.
Alchemy refinanced the machinery onto a more suitable term and structure, paying off both incumbent lenders and consolidating the assets into a single finance agreement. The restructure reduced monthly repayments by more than £2,000, improving working capital and allowing the business to prioritise winter operations without compromising herd management or investment plans.
Dean Pollen, Managing Director at Alchemy Business Finance, commented:
“Winter can be one of the tightest periods for farm cashflow, especially when businesses carry high finance terms on essential machinery. By restructuring the debt against the assets themselves, we were able to relieve pressure quickly and put the business on a more sustainable footing.”
The transaction demonstrates the role of specialist agricultural lenders in offering refinances and term adjustments that align with farming realities, particularly where mainstream lenders have limited appetite to restructure seasonal debt or support working machinery as primary security.