Alternatives to Ultimate Finance
4 UK invoice finance alternatives to Ultimate Finance, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.
The leading UK invoice finance alternatives to Ultimate Finance are Bibby Financial Services, IGF (Independent Growth Finance), Aldermore Invoice Finance and Time Finance, compared here on advance rate, setup speed, minimum turnover and rating.
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Summary
Ultimate Finance is benchmarked against 4 UK invoice finance alternatives: Bibby Financial Services, IGF (Independent Growth Finance), Aldermore Invoice Finance and Time Finance. Each is compared on product type, minimum turnover, advance rate, typical rate, setup speed and overall rating, so you can see which fits your turnover and how fast you need funding. MarketInvoice then matches you to the best-fit provider.
This page covers
UK invoice finance alternatives to Ultimate Finance, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
Not covered here
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Ultimate Finance vs the 4 alternatives
| Ultimate Finance | Bibby Financial Services | IGF (Independent Growth Finance) | Aldermore Invoice Finance | Time Finance | |
|---|---|---|---|---|---|
| Product | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (factoring, CID, ABL) | Invoice finance (ABL, CID), asset-based lending | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance, asset finance, vehicle finance |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | £100k | £100k | £500k | £250k | £250k |
| Advance rate | Up to 90% | Up to 90% | Up to 90% receivables + stock + plant | Up to 90% | Up to 90% |
| Typical rate | 1.5% to 3.5% service charge | 0.5% to 3% service charge plus discount margin | Bespoke pricing | 1% to 2.5% service charge | 1.5% to 3% service charge |
| Setup speed | 3 working days | 5 working days | 10 working days | 7 working days | 7 working days |
| Rating | 4.3 | 4.4 | 4.1 | 4.2 | 4.1 |
Bibby Financial Services
5 working days · Up to 90%The largest UK independent invoice finance provider by volume, family-owned, 40+ years in market. Strong on sector breadth (construction, recruitment, manufacturing, wholesale) and SME accessibility. Setup typically 5 wo
IGF (Independent Growth Finance)
10 working days · Up to 90% receivables + stock + plantABL specialist combining invoice finance with stock and plant lending under one facility. Strong on complex mid-market deals up to £25m. Slower setup but more flexible structure than monoline IF lenders. Backed by Norwic
Aldermore Invoice Finance
7 working days · Up to 90%Challenger bank with a dedicated invoice finance arm, relaunched as Receivables Finance in 2025 with Growth Guarantee Scheme accreditation. Mid-cost mid-speed mainstream choice. Bibby acquired Aldermore Working Capital F
Time Finance
7 working days · Up to 90%AIM-listed UK independent specialist lender, £150m funded annually. Multi-product (IF + asset + loans). Mid-market SME focus. Mid-cost mid-speed mainstream choice. Strong panel for B2B service businesses, light industria
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Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 12 May 2026