Alternatives to Aldermore Invoice Finance
The main UK invoice finance alternatives to Aldermore Invoice Finance are Skipton Business Finance, Bibby Financial Services, Novuna Business Finance and Ultimate Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Aldermore Invoice Finance does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
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UK invoice finance alternatives to Aldermore Invoice Finance, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
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In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Aldermore Invoice Finance vs the 4 alternatives
| Compared on | Aldermore Invoice Finance | Skipton Business Finance | Bibby Financial Services | Novuna Business Finance | Ultimate Finance |
|---|---|---|---|---|---|
| Product | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (CID, factoring, ABL) | Invoice finance (factoring, CID, ABL) | Invoice finance, asset finance, vehicle finance | Invoice finance (factoring, CID), bridging, asset finance |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | £750k | £100k | Not published | Not published | Not published |
| Advance rate | Up to 90% | Up to 90% | Up to 85% | Up to 90% | Up to 95% |
| Typical rate | Not published (quoted per facility) | Not published (quoted per facility) | Not published (quoted per facility) | Not published (quoted per facility) | Quoted per facility (not published) |
| Setup speed | A few days to a few weeks | 5 working days | 5 working days | 1 to 3 working days to funds | Within one week (up to 5 working days) |
| Rating | 4.2 | 4.2 | 4.4 | 4.2 | 4.3 |
Skipton Business Finance
5 working days · Up to 90%Invoice finance lender that is a wholly owned subsidiary of Skipton Building Society, headquartered in Yorkshire. Strong on SME and regional manufacturing. Less national brand awareness but consistent service ratings.
Bibby Financial Services
5 working days · Up to 85%Describes itself as one of Europe's largest independent invoice finance providers, funding over 8,500 businesses; part of the family-owned Bibby Line Group and formed in 1982.
Novuna Business Finance
1 to 3 working days to funds · Up to 90%Novuna is the trading style of Mitsubishi HC Capital UK PLC, formerly Hitachi Capital (UK) PLC, which switched to the Novuna brand on 14 February 2022 after its parent merged with Mitsubishi UFJ Lease & Finance to form Mitsubishi HC Capital Inc.
Ultimate Finance
Within one week (up to 5 working days) · Up to 95%Facility set up within one week, with funds paid within 24 hours of receiving invoices once live, according to Ultimate Finance. Owned by Tavistock Group.
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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