Aldermore Invoice Finance Review

Market Invoice is an independent UK invoice finance comparison site that ranks Aldermore against 87 UK invoice finance providers.

Aldermore offers invoice factoring and confidential discounting with advance rates up to 90%, for UK businesses with annual turnover from £750,000 (per Aldermore's published criteria, rechecked September 2026). It does not publish its service charge; fees are quoted per facility. As a challenger bank owned by FirstRand (South Africa's largest financial services group, acquired 2018), Aldermore offers strong banking backing and dual FCA/PRA regulation. Confidential invoice discounting is the standard product. Aldermore says setup takes a few days to a few weeks.

What this page covers

This page covers

Aldermore Invoice Finance products, rates, eligibility, parent group structure, FCA status, and how Aldermore compares to alternatives like Close Brothers, Skipton and Bibby

Not covered here

General invoice finance education (see /guides/), individual sector pages (see /industries/), full provider directory (see /providers/)

Key Facts

Service chargeNot published

Advance rateUp to 90%

Setup speedDays to weeks

Min turnover£750,000

TypeChallenger bank

UK entityAldermore Bank plc

ParentFirstRand Ltd (South Africa)

HQReading, UK

Does Aldermore Offer Factoring?

Yes. Aldermore offers full-service invoice factoring as well as confidential invoice discounting, both for UK businesses with annual turnover from £750,000. With factoring, Aldermore runs your credit control and collects payment from customers directly, so it is a disclosed facility, and advances up to 90% of invoice value. With confidential discounting you keep your own collections and customers are never notified. Both are whole-turnover facilities funding your full sales ledger, rather than selective or single-invoice factoring. For lower-cost factoring below or around that threshold, compare Close Brothers.

Aldermore vs Alternatives

Provider	Fee from	Min turnover	Confidential ID	Type
Aldermore	Not published	£750k	Standard from £750k	Challenger bank
Close Brothers	Not published	£750k	From £750k	FTSE 250 bank
Skipton	Not published	£100k	Not published	Building society
Bibby	Not published	Not published	From £500k	Independent
HSBC	Negotiated	£1m	Standard from £1m	Clearing bank

Pros and Cons

Strengths

Growth Guarantee Scheme accredited lender (British Business Bank, August 2025)
Confidential discounting as standard product
Strong banking backing (FirstRand group)
Modern online portal and reporting
Cross-sell with asset finance and commercial mortgages
Dual FCA + PRA regulated

Limitations

High minimum turnover (£750k) excludes smaller SMEs entirely
No selective or spot factoring option (whole-turnover only)
Less flexible on contract terms than independents
No specialist construction or recruitment team
No published service charge, so it cannot be benchmarked without a quote

Who Is Aldermore Best For?

Aldermore is best for established UK mid-market businesses with annual turnover above £750,000 who want confidential invoice discounting from a well-capitalised challenger bank. They are particularly strong if you also need asset finance, commercial property lending, or savings products, as they can offer combined facilities through a single relationship.

If your turnover is below £750,000, look at Skipton Business Finance (from £100k), Bibby Financial Services (no published minimum), or Ultimate Finance. If you want vanilla factoring (not confidential) below Aldermore's £750k minimum, Skipton accepts businesses from £100k turnover. If you need selective or spot factoring rather than whole-turnover, look at Hydr or Triver.

Our Verdict

Aldermore is a solid choice for UK mid-market businesses wanting the reassurance of a bank-backed facility with confidential discounting as the default product. The main limitation is the £750,000 minimum turnover (per Aldermore's published criteria, checked July 2026), which rules out smaller businesses, and the absence of selective or sector-specialist options. For established businesses above that threshold wanting confidential discounting from a challenger bank with cross-sell to asset finance and commercial mortgages, Aldermore competes effectively with Close Brothers and Skipton.

Official site: Aldermore

Sources

Figures without a link above, including starting service charges, are Market Invoice research estimates: most providers do not publish a rate card and price each facility individually. Checked September 2026.

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 updated: 25 September 2026

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Aldermore Invoice Finance FAQ

What is the minimum turnover for Aldermore invoice finance?

Aldermore's published minimum annual turnover for invoice finance is £750,000 (per aldermore.co.uk, checked July 2026), covering both invoice factoring and confidential invoice discounting. They focus on established mid-market SMEs rather than startups, micro-businesses, or businesses with limited trading history. The threshold is below HSBC's published £1m but well above Lloyds' £100,000, so Aldermore sits firmly in the mid-market rather than the small-SME bracket.

Does Aldermore offer selective invoice finance?

No. Aldermore focuses on whole-turnover invoice finance facilities (where the entire sales ledger is funded) rather than selective or spot factoring (where individual invoices are financed on demand). If you need to finance specific invoices selectively, consider Sonovate (recruitment-only spot factoring), Triver or Hydr, which support per-invoice funding.

Is Aldermore invoice finance confidential?

Yes. Aldermore offers confidential invoice discounting as standard for businesses meeting their £750,000 turnover criteria and advance rates up to 90%. Aldermore does not publish its service charge. Your customers will not be notified, payments are collected into a trust account in your company name, and no Aldermore branding appears on customer correspondence.

Who owns Aldermore?

Aldermore Bank plc is a UK-licensed bank wholly-owned by FirstRand Limited, South Africa's largest financial services group by market capitalisation. FirstRand acquired Aldermore in 2018 for £1.1 billion. Aldermore retains its UK headquarters in Reading, UK leadership team, and FCA + PRA dual regulation as a UK bank. Other FirstRand UK assets include MotoNovo Finance (motor finance) and FirstRand Bank London Branch.

How does Aldermore compare to Close Brothers?

Close Brothers and Aldermore are both well-capitalised bank-owned invoice finance providers but target slightly different segments. Neither publishes its fees (Close Brothers prices each agreement individually); Close Brothers publishes the same £750k minimum turnover as Aldermore, is FTSE 250 listed (PLC vs FirstRand subsidiary), and runs specialist construction and recruitment teams.

Aldermore offers cross-sell with asset finance and commercial mortgages, and has a more modern online portal. For smaller SMEs, Close Brothers is the more accessible option; for established mid-market businesses also wanting asset finance under one roof, Aldermore is a strong fit.

What is Aldermore's contract length?

Aldermore does not publish standard contract terms on its invoice finance page. Across UK bank-owned invoice finance, a minimum term with a notice period and an early termination fee is common, so ask Aldermore for the minimum term, notice period and any exit fee in writing before you sign.

Does Aldermore require a personal guarantee?

Aldermore does not publish a personal guarantee threshold (its published minimum turnover is £750,000). Guarantees from directors are commonly asked for on smaller facilities, particularly where the business has limited trading history or weaker debtor concentration.

For larger established businesses with audited accounts and strong debtor spread, the guarantee may be reduced or replaced with a debenture over company assets. Aldermore's risk appetite is moderately conservative, well-capitalised but more flexible than HSBC or Lloyds for businesses just over its £750k threshold.

What are the alternatives to Aldermore Invoice Finance?

The closest alternatives are Close Brothers (individually priced, £750k minimum turnover, FTSE 250 merchant bank), Skipton Business Finance (from £100k turnover, building society backed), and Bibby Financial Services (one of the largest UK independents, no published minimum turnover). For turnover below Aldermore's £750k threshold, look at Skipton Business Finance (from £100k), Bibby Financial Services (no published minimum), or Hydr (selective, no minimum). For asset finance bundled with invoice finance, Aldermore competes with Time Finance and Funding Circle.