Calverton Finance Review
Calverton Finance was a UK-based invoice finance provider that offered factoring services to small and medium-sized businesses. The company has since merged into Pulse Finance and no longer operates as an independent provider. If you are looking for Calverton Finance, your facility and relationship will now be managed by Pulse Finance.
What this page covers
This page covers
Calverton Finance status as a merged provider and where its facilities are now managed (Pulse Finance)
Not covered here
Live provider comparison (see /providers/), general invoice finance education (see /guides/), sector pages (see /industries/)
Key Facts
What Happened to Calverton Finance?
Calverton Finance was acquired in February 2021 by Cubitt Trade Holdings, the group behind the Pulse invoice finance businesses, and in April 2021 it was renamed Pulse Cashflow Finance (MK) to bring it under the Pulse brand (Leasing Life, April 2021). The Calverton Finance brand is no longer active.
If you were a Calverton Finance client, your account and facility will now be managed by Pulse Finance. You should have received communication about the transition. If you have not, contact Pulse Finance directly to confirm the status of your facility and any changes to your terms or point of contact.
When Calverton Finance Fits
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Existing Calverton Finance clients
Your facility now sits within the Pulse group, which offers factoring with credit control. Pulse names manufacturing, transport, security services, wholesale and distribution and construction among the sectors it supports.
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Smaller former Calverton clients
Pulse Finance asks for £1m to £25m+ turnover and facilities of £200k to £5m, so a former Calverton client below that size will need a different funder.
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Companies seeking the ledger management and collections service Calverton provided
Pulse Finance offers full-service factoring with in-house credit control teams, maintaining the hands-off ledger approach Calverton clients used.
When to Look Elsewhere
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Startups under £100k turnover or pre-revenue businesses
Better fit: Sonovate, for recruitment and contractor businesses only. It has no minimum turnover, unlike Pulse's £1m floor.
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Businesses wanting confidential invoice discounting without client notification
Better fit: Close Brothers. Pulse Finance offers both factoring and confidential invoice discounting, whereas Close Brothers offers confidential discounting from £750k turnover (its published minimum).
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Export-heavy businesses invoicing mainly EU or US clients
Better fit: HSBC Invoice Finance. HSBC has dedicated trade finance teams and multi-currency facilities better suited to cross-border invoicing than Pulse's domestic focus.
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Very large businesses over £10m turnover needing complex supply chain finance
Better fit: Lloyds Bank Invoice Finance. Lloyds handles larger facilities with integrated banking products that smaller independents like Pulse cannot match at scale.
How Calverton Finance Compares
| Provider | Type | Min facility | Fee from | Advance to | Speed |
|---|---|---|---|---|---|
| Pulse Finance | both | £200k facility (£1m+ turnover) | Not published | 90% | From 5 days |
| Ultimate Finance | both | Not published | Not published | 95% | 3-5 days |
| Bibby Financial Services | both | Not published | Not published | 85% | 5-10 days |
| IGF Invoice Finance | both | £2m (£5m+ turnover) | Bespoke | 90% | 7-14 days |
vs Pulse Finance: Part of the group that absorbed Calverton. It adds confidential invoice discounting and trade finance, but its published entry criteria (£1m+ turnover, £200k+ facilities) are higher.
vs Ultimate Finance: Offers both factoring and confidential discounting where Calverton only provided factoring, giving more product choice for businesses wanting confidentiality.
vs Bibby Financial Services: Much larger independent, part of the Bibby Line Group (founded 1807), with bad debt protection and export finance options.
vs IGF Invoice Finance: Built for larger businesses (£5m+ turnover), lending against stock and plant as well as receivables.
Illustrative worked example
Hypothetical: A logistics company with £800k turnover
Not a real client. The charges are illustrative assumptions, not Pulse Finance's published rates; Pulse Finance quotes each facility individually. Monthly cost = £553 service charge (0.85% of £65,000) plus about £334 discount charge (7.25% a year on £55,250 drawn for a month, at the 3.75% Bank of England base rate).
Setting Up With Calverton Finance
- 1
Transition or new application with Pulse Finance
Calverton Finance was acquired in February 2021 and its legal entity was renamed that April (Leasing Life, April 2021). New applicants go through Pulse's own enquiry form. Pulse says funding decisions are based on the quality of the sales ledger and that it can deliver a solution in as little as 5 days; it does not publish a document checklist or a decision time.
- 2
Due diligence and facility structure
Pulse conducts debtor verification, credit checks on your customer base, and reviews sector risk. Advance rates and fees are confirmed in a formal offer.
- 3
Legal documentation and first drawdown
Solicitors draft a debenture and factoring agreement. Pulse does not publish who bears the legal costs. Once the facility is live, Pulse advertises payment of up to 90% of an invoice within 24 hours of you uploading a copy.
FAQs
What happened to my Calverton Finance facility?
Calverton Finance became part of the Pulse group in 2021 and was renamed Pulse Cashflow Finance (MK), so your facility is serviced by Pulse. If you are unsure whether your terms have changed, ask Pulse for a copy of your current agreement and fee schedule.
Can I still get the same factoring service Calverton provided?
Yes. Pulse Finance operates factoring with optional credit control and collections, matching what Calverton offered, and also offers confidential invoice discounting and trade finance. It advertises advances of up to 90% of invoice value. Its published criteria are higher than Calverton's were: £1m to £25m+ turnover and facilities of £200k to £5m.
Why did Calverton Finance merge into Pulse?
Calverton was bought in February 2021 by Cubitt Trade Holdings, the parent of the Pulse invoice finance companies, and renamed in April 2021 to align the two businesses under one brand. The reasons beyond that were not published.
Should I switch provider now that Calverton is part of Pulse?
Only if Pulse's service or pricing no longer suits you. Pulse does offer confidential invoice discounting as well as factoring; if you want a larger lender or a bank, providers like Close Brothers or Ultimate Finance may suit better. Compare your current Pulse terms against at least two alternatives annually to ensure competitive pricing.
Our Verdict
Calverton Finance no longer exists as a standalone provider. If you were an existing client, your facility is now within the Pulse group, alongside Pulse Finance. If you are searching for a new invoice finance facility, we recommend comparing current providers to find the best fit for your business. Pulse Finance continues to offer factoring and invoice discounting services, but it is always worth getting quotes from multiple providers to ensure you are getting competitive terms.
Official site: Calverton Finance
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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