Millbrook secures £4.2m refinance deal for metal recycling firm

Millbrook Business Finance has arranged a £4.2 million secured refinance deal for a major UK-based aluminium recycling business, addressing urgent cash flow challenges and supporting long-term growth plans.

The client, which operates two of the country’s largest aluminium recycling sites and reports an annual turnover of £14 million, approached Millbrook amid mounting financial pressure. The company had been managing a high-cost finance agreement that limited operational flexibility and restricted investment in future projects.

The £4.2 million facility was structured to meet two core needs: £3 million was used to refinance existing, high-interest debt, and the remaining £1.2 million provided working capital to stabilise cash flow and support daily operations.

Millbrook leveraged the company’s plant machinery and property assets to secure the funding, allowing the business to access more favourable terms and avoid extensive personal guarantees. Approval was granted within a week, and the full facility was arranged within four weeks.

Abdus Samad, Business Finance Specialist at Millbrook, said: “At Millbrook, we pride ourselves on going beyond the transaction — and this deal is a perfect example.

“We didn’t just secure the funding needed to ease the immediate financial pressure; we delivered a tailored solution that gave the business room to grow and plan for the future. We’re already working closely with them on the next phase of strategic funding. This isn’t just a one-off deal — it’s a long-term relationship built on trust, understanding, and a genuine commitment to their success. That’s how we operate at Millbrook: the client is always at the heart of what we do.”

The refinance has helped the business significantly improve its financial position. With costly liabilities now addressed, the company has been able to redirect focus toward R&D initiatives, site expansion, and operational improvements.

Millbrook and the client are now in discussions about further financial support to back upcoming projects. The director of the recycling firm has expressed confidence in the new partnership, citing Millbrook’s speed and understanding of complex funding requirements as key factors in the successful outcome.