Best Invoice Finance for £1m-£5m Turnover Businesses, UK 2026

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Recruitment agencyConstructionWholesaleUnder £500k turnoverConfidential (clients mustn't know)Not sure

Market Invoice is an independent UK invoice finance comparison site that ranks 89 UK invoice finance providers by what fits your turnover band, sector and finance type.

MarketInvoice is the whole-of-market match for this need: we compare every UK provider that fits and route you to the best match in 2 minutes, free. UK businesses with £1m-£5m turnover are the largest segment of the UK invoice finance market and have the broadest provider choice. The full panel of high street banks (HSBC, Lloyds, NatWest, Barclays, Santander), challenger banks (Aldermore, Metro, Allica), independents (Close Brothers, Bibby, Skipton, Ultimate Finance) and specialists (Investec, Arbuthnot Commercial, BNP Paribas) actively compete. Confidential invoice discounting at 0.25-0.7% service charge is typical across the providers compared below.

Last updated: 8 May 2026.

UK businesses with £1m-£5m turnover have access to multiple invoice finance providers. UK businesses with £1m-£5m turnover are the largest segment of the UK invoice finance market and have the broadest provider choice. The full panel of high street banks (HSBC, Lloyds, NatWest, Barclays More detail + scope

Summary

UK businesses with £1m-£5m turnover are the largest segment of the UK invoice finance market and have the broadest provider choice. The full panel of high street banks (HSBC, Lloyds, NatWest, Barclays, Santander), challenger banks (Aldermore, Metro, Allica), independents (Close Brothers, Bibby, Skipton, Ultimate Finance) and specialists (Investec, Arbuthnot Commercial, BNP Paribas) actively compet

This page covers

Best UK invoice finance for £1m-£5m turnover businesses: providers, pricing, eligibility, and product fit at this turnover level.

Not covered here

General invoice finance education (see /guides/), individual provider reviews (see /providers/), full pricing breakdown (see /guides/costs/)

Best providers for £1m-£5m turnover

ProviderFee fromMin turnoverWhy it fits
MarketInvoice#1 MatchFree to you (the lender pays us commission)Match by profileWhole-of-market match across all UK providers
Close Brothers0.25-0.5%£500kJoint cheapest, FTSE 250
Skipton Business Finance0.25-0.5%£100kJoint cheapest, mutual society
HSBC Invoice Finance0.4-0.7%£500kInternational + multi-currency
Lloyds Commercial FinanceVariable£500kBanking bundle pricing
Aldermore0.5-0.7%£250kMid-market specialism
Investec Capital Solutions0.5%+£5mSpecialist £1m-£25m segment
AP

Adam Parker

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.

Last reviewed: 31 July 2026

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How we make money: Market Invoice is an independent comparison service, not a lender. If you take a facility after we introduce you, the provider pays us a commission; you never pay us and it is never added to your costs. How we are funded.

£1m-£5m Turnover Invoice Finance FAQ

What's the cheapest invoice finance at £1m-£5m turnover UK?

Confidential invoice discounting from Close Brothers or Skipton Business Finance starts at 0.25-0.4% service charge for businesses in this turnover bracket with strong debtor quality. HSBC and Lloyds will negotiate from approximately 0.5% if you bundle with banking. The total cost (service + discount) typically lands at 0.8-1.8% of turnover annually.

Should I tender my invoice finance at £5m turnover?

Yes. At £5m turnover you have leverage. Run a structured tender process inviting 4-5 providers (mix of independents and banks), share the same brief and competing rates, and you'll typically save 15-30% on your existing facility. Most £5m-turnover facilities haven't been tendered in 3+ years and are over-priced by inertia.

Best UK invoice finance for £2m turnover business?

Close Brothers, Skipton, Aldermore and HSBC are the strongest options at £2m turnover. Choice depends on what you need: lowest cost (Close Brothers/Skipton), bank relationship bundle (HSBC/Lloyds), confidential discounting standard (Aldermore), or specialist sector expertise (Bibby for construction/recruitment). All compete actively at this level.

Whole-book vs selective at £1m-£5m turnover?

Whole-book (committed) is the standard at this level and typically priced 30-50% cheaper per pound than selective spot factoring. Selective only makes sense if your invoicing is highly seasonal or you have a single very large invoice you don't want to fund alongside the rest.

Can I get a £1m-£5m facility from a fintech?

Some fintechs (Kriya/Allica Bank, Triver, Sonovate for recruitment) underwrite facilities at this level but the mainstream choice at £1m-£5m turnover is the established banks and independents. Fintechs are stronger for sub-£500k and selective facilities.

How long should an invoice finance facility take to set up at this turnover?

5-15 working days at £1m-£5m turnover, depending on complexity. Independents (Ultimate Finance, IGF) can be faster (3-5 days) for straightforward cases. Banks (HSBC, Lloyds) take longer (10-15 days) due to additional credit committee steps. Set deadline-driven expectations with each provider before applying.