It depends on the nature of the restructure. Operational changes — such as rebranding, pivoting your service offering, or moving to a new holding structure — are generally fine to disclose and proceed. Formal insolvency-adjacent processes are a different matter.
Restructures that do not prevent an application
- Changing your trading name or registered office.
- Transferring the business into a newly incorporated holding company, provided the operating entity applying to us has continued trading.
- Reducing headcount or closing a product line while the core business continues.
- Changing directors, provided the company remains solvent and in good standing at Companies House.
Situations where we need more information
If your company is subject to a formal arrangement — such as a Company Voluntary Arrangement (CVA), administration, or creditor negotiations — we will need full details before we can proceed. In most cases, active formal insolvency proceedings will pause an application until the outcome is clear. This protects the company as much as it protects us.
What to disclose in your application
Always describe the restructure honestly in your application notes. Omitting a material change in company structure is the most common reason an application is declined at a late stage. Providing a brief summary — what changed, when, and why — speeds up underwriting and avoids unnecessary back-and-forth. If you are unsure whether something counts as material, include it and let us ask the follow-up.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What does a soft search show on your company credit file?, Can I apply if my company has a short trading history?, What strengthens a Credicorp application?