McLaren says the potential sale and leaseback of its global headquarters in the UK will have "no impact" on its operations.

The manufacturer has appointed banks to advise it on a debt refinancing and equity raise as part of a refinancing plan.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company maintains these initiatives will deliver a stronger balance sheet and ensure McLaren Group has a sustainable platform for long-term growth and investment.

"The proposed sale and leaseback mirrors best practice among leading companies and will have no impact on our day-to-day operations," said a McLaren spokesperson in a statement emailed to just-auto.

"The McLaren Campus, comprising the McLaren Technology Centre, McLaren Production Centre and the McLaren Thought Leadership Centre, is an iconic, world-class facility that will remain our home in the future."

McLaren is planning to cut more than a quarter of its workforce in a restructuring plan forced by sharply lower revenues due to the COVID-19 pandemic hitting both sales and advertising revenues.

The plan for 1,200 redundancies goes across all business units and would mainly impact employees in the UK.