What we have actually completed.
A running record of facilities arranged for clients. Different sectors, different structures, one common thread: the terms you get depend on how much of the market you actually ask.
Transactions are published anonymously. We do not name clients, and identifying detail is deliberately left out. Figures are approximate and terms are specific to each transaction; nothing here is a quotation or an indication of what is available in another case.
Releasing the working capital tied up in defence contracts
A cybersecurity business supplying defence customers had a strong order book and no way to borrow against it. Long procurement cycles and government counterparties make most mainstream credit committees nervous, whatever the quality of the contracts.
We placed the requirement with funders who understand the sector and structured a facility against receivables, converting the very contracts that proved the business was strong into capital it could use. If a lender does not understand your sector, the problem is the lender, not the business.
Twelve months, unsecured, no personal guarantees
A growing food business had been told that security and a personal guarantee were the price of admission for working capital. That is usually true, if you only ask one lender.
Run across the whole market, the same requirement produced a very different answer: over £300,000 unsecured on a twelve month term, with 3, 6, 9 and 12 month options so the business borrows only for the period it needs, priced at circa 1.7 to 1.9% per month, and with the directors' homes nowhere near the paperwork.
Legal costs met without draining working capital
A claimant with a strong case faced a costs bill that would have consumed working capital for the duration of the proceedings. We arranged a litigation funding facility so the claim could be pursued without touching the business.
The funder's principal was fully covered by capital protection insurance, and the facility returned a 40% IRR over twelve months. Insured principal with returns of that profile is why funders keep asking us for more of these. The economics are specific to this transaction and are not indicative of future outcomes.
A cross-border bridge, completed to deadline
An American buyer, a French asset and a completion date that was not going to move. Three jurisdictions and a non-resident borrower are the point at which most brokers stop and most banks slow down.
We work these lenders every week, from London to Monaco to Geneva. The facility completed on time and the client kept the property. This is precisely the work Oakbury was built for: UK, Europe and US, one contact for the whole market.
Where the debt market is going
Our reading of the market behind the transactions above, as at July 2026.
Nobody is waiting for cheap money
Rates have parked. The Bank of England held base rate at 3.75% in June for the fourth consecutive meeting, and two committee members voted to raise it. With inflation still at 2.8%, the market now prices at most one move by year-end. The borrowers winning in this environment are not waiting for cheaper money; they are winning better structures at today's money.
Private credit keeps broadening
The money that crowded into mid-market direct lending is spreading into asset-based and specialty finance: receivables, inventory, litigation, equipment. That is exactly the territory our recent completions sit in, and it means more funders competing for well-presented deals.
Competition is loosening terms
Lenders chasing deployment are conceding on covenants and structure. For borrowers this is the moment to renegotiate: personal guarantees, commitment fees and covenant packages are all more movable than a year ago. If your facility was priced or papered in a different market, it is probably worth a second look.
Market commentary reflects our reading of publicly available information in July 2026 and is not advice or a recommendation.
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