Ultimate Finance Review

Market Invoice is an independent UK invoice finance comparison site that ranks Ultimate Finance against 89 UK invoice finance providers.

Ultimate Finance offers invoice factoring and discounting with advance rates of up to 95% of unpaid invoice value, among the highest available in the UK, and funding lines up to £10 million. It does not publish service charges or a minimum turnover; facilities are quoted individually. With setup in as little as 3 working days, it is one of the fastest-moving mainstream providers, with appetite for startups, turnaround situations, and businesses declined by banks. Owned by Tavistock Group since 2013 and headquartered in Bristol.

Last updated: 5 May 2026.

Ultimate Finance is a UK independent specialist invoice finance provider, owned by Tavistock Group. It advances up to 95% of unpaid invoice value, among the highest UK advance rates, with funding lines to £10 million and setup in as little as 3 working days. Fees and minimum turnover are not published; facilities are quoted individually. More detail + scope

Summary

Ultimate Finance is a speed-led UK invoice finance independent. It advances up to 95% of unpaid invoice value, among the highest in the market, with funding lines to £10 million and setup in as little as 3 working days. It publishes no service-charge figures and no minimum turnover; facilities are quoted individually, with appetite for startups, turnaround and bank-declined cases. Tavistock Group-owned since 2013.

This page covers

Ultimate Finance products, rates, eligibility, ownership, FCA status, and how Ultimate compares to alternatives like Close Brothers, Bibby, Skipton, Aldermore and Hydr

Not covered here

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

Key Facts

Service chargeQuoted per facility
Advance rateUp to 95% (UK leader)
Setup speed3 days (UK fastest)
Min turnoverNot published
TypeIndependent specialist
ParentTavistock Group (2013)
HQBristol
Startup-friendlyYes

Ultimate Finance vs Alternatives

ProviderFee fromAdvance rateSetupStartup-friendly
Ultimate FinanceQuoted per facilityUp to 95%3 daysYes
Close Brothers0.5%90%5 daysLimited
Bibby0.75%90%5 daysYes
Skipton0.5%90%7 daysNo (£100k+)
Hydr0.5%85%Same-day (selective)Yes

Pros and Cons

Strengths

  • Highest advance rate in UK market (95%)
  • Fastest setup of any mainstream provider (3 working days)
  • No published minimum turnover; files assessed individually
  • Accepts startups and businesses declined by banks
  • Flexible contracts
  • Tavistock Group capital backing since 2013
  • Strong digital onboarding

Limitations

  • No published pricing, so it cannot be compared on headline rate with Close Brothers or Skipton (published 0.5% starting charges)
  • Smaller provider, less well-known brand than banks
  • Limited international/export capability
  • No specialist construction or recruitment-only team
  • Personal guarantee usual on most facilities

Who Is Ultimate Finance Best For?

Ultimate Finance is the right choice for UK businesses prioritising any of three things: maximum cash extraction (95% advance rate vs 85-90% from competitors), fastest possible setup (3 days vs 5-15 from alternatives), or willingness to take on harder credit cases. They are the strongest mainstream choice for startups, post-CCJ recovery, turnaround situations, businesses with concentration in a single large customer, or those declined by clearing banks.

If you prioritise the lowest cost over speed and flexibility, Close Brothers or Skipton at 0.5% are cheaper. For per-invoice spot factoring rather than whole-turnover, Hydr or Triver. For sector specialism (recruitment, construction, transport), Bibby. For international export, HSBC or Bibby.

Our Verdict

Ultimate Finance stands out for speed, advance rate, and accessibility. The 95% advance rate is genuinely market-leading and worth real money to working-capital-constrained businesses (a £100k invoice releases £95k versus £85-90k elsewhere). The 3-day setup is unmatched.

Pricing is slightly above bank-owned providers but the trade-off, speed, flexibility, willingness to take on harder cases, is right for many situations. Ultimate is our top recommendation for startups, turnaround, and any business where time-to-cash matters more than absolute lowest price.

Source: Ultimate Finance, invoice finance (advances up to 95% of unpaid invoice value, funding lines up to £10 million). Ultimate Finance does not publish service charges or a minimum turnover; those are quoted per facility.

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: 30 July 2026

Get a Quote from Ultimate Finance

Plus 2 more providers for comparison. Free, no obligation.

Step 1 of 3 · Your business

Start typing and we'll search Companies House.

Your details are secure. See our privacy policy.

Free · No obligation · 24-hour indicative quotes

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.

Ultimate Finance FAQ

What is Ultimate Finance's advance rate?

Ultimate Finance offers advance rates up to 95% of invoice value, the highest of any UK invoice finance provider. Most mainstream providers (Close Brothers, Bibby, Skipton, Aldermore, HSBC) cap advance rates at 85-90%. The exact rate Ultimate Finance offers depends on your industry, debtor concentration, and credit quality of customers; B2B businesses with blue-chip debtors and clean ledgers are most likely to qualify for the full 95%.

How fast can Ultimate Finance set up a facility?

Ultimate Finance can complete invoice finance setup in as little as 3 working days, making them the fastest mainstream UK provider. Straightforward applications with good debtor quality and clean accounts may complete even faster. By comparison: Close Brothers and Bibby take ~5 days, Skipton and Aldermore ~7 days, and HSBC 10-15 days. The speed comes from streamlined underwriting and a less bureaucratic credit committee process than bank-owned providers.

Does Ultimate Finance accept startups?

Yes. Ultimate Finance is one of the few mainstream UK providers that actively considers startups and newly-incorporated businesses, provided they have B2B invoices to creditworthy customers. Trading history is less important to Ultimate than debtor quality, a 6-month-old business invoicing investment-grade customers can often qualify, where Close Brothers, Skipton, and Aldermore typically require at least one full year of filed accounts.

What is the minimum turnover for Ultimate Finance?

Ultimate Finance does not publish a minimum turnover; facilities are assessed and quoted individually. Its published product page states funding lines of up to £10 million and advances of up to 95% of unpaid invoice value. That makes it more accessible on paper than lenders with published floors such as Aldermore (£750,000), but the practical entry point depends on your file.

Who owns Ultimate Finance?

Ultimate Finance Group plc is a UK independent specialist finance group, headquartered in Bristol. It has been owned by Tavistock Group (the international private investment business of Joe Lewis) since 2013 and is not part of any clearing bank or building society.

Tavistock backing provides capital strength while preserving Ultimate's independent decision-making and willingness to take on harder credit cases. Ultimate Finance is FCA-authorised for credit broking and consumer credit activity.

How does Ultimate Finance compare to Close Brothers?

Ultimate Finance and Close Brothers serve overlapping but different positions in the market. Close Brothers publishes a lower starting service charge (0.5%) while Ultimate quotes pricing per facility, and is FTSE 250 bank-backed with deeper capital, and runs specialist construction and recruitment teams.

Ultimate Finance is faster (3-day vs 5-day setup), offers higher advance rates (95% vs Close Brothers' 90%), and is more flexible on startups, turnaround cases, and businesses declined by banks. For established SMEs prioritising lowest cost, Close Brothers; for fastest setup, maximum cash extraction, or harder credit cases, Ultimate Finance.

Does Ultimate Finance require a personal guarantee?

Personal guarantees from directors are usual on Ultimate Finance facilities, particularly for startups, businesses with limited trading history, or those with 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. Ultimate's willingness to take on harder credit cases is partly underpinned by their personal guarantee policy, which gives them recourse beyond the company in difficult workouts.

What are the alternatives to Ultimate Finance?

For lowest cost rather than fastest setup, the closest alternatives are <a href="/providers/close-brothers/">Close Brothers</a> (0.5% from £50k, 5-day setup) and <a href="/providers/skipton/">Skipton Business Finance</a> (0.5% from £100k, 7-day setup). For other independent specialists, look at <a href="/providers/bibby/">Bibby Financial Services</a> (0.75% from £50k, sector specialism), <a href="/providers/igf/">IGF Invoice Finance</a> (no minimum turnover), or <a href="/providers/hydr/">Hydr</a> (digital-first, single-invoice spot factoring). For startups specifically, also consider <a href="/providers/sonovate/">Sonovate</a> (recruitment) or <a href="/providers/triver/">Triver</a> (general SME).