What happened to Aldermore invoice finance?
Aldermore still offers invoice finance. Its invoice finance page lists invoice discounting, factoring and asset based lending, pays "up to 90% of the full invoice value, up front", and asks for a "minimum turnover of £750,000" (checked 11 October 2026). What changed is that in June 2023 Aldermore sold a separate business, its Working Capital Finance division, to Bibby Financial Services (Bibby, 26 June 2023).
The sale to Bibby in 2023
Bibby Financial Services announced that it had acquired Aldermore's Working Capital Finance division, and that its clients and staff would move into Bibby's operations "over the coming weeks". Bibby said the deal would make it "one of the largest specialist providers of Construction Finance in the market" (Bibby announcement). The announcement does not say how many clients moved. If you were one of them, your facility is with Bibby unless you have moved since.
What Aldermore offers today
| What you might ask | What Aldermore's page says |
|---|---|
| Products | Invoice discounting, factoring, asset based lending |
| How much up front | Up to 90% of the full invoice value |
| Minimum turnover | £750,000 (it asks you to get in touch to discuss your circumstances) |
| Set-up time | "A few days to a few weeks" |
| Fees | Not published |
| Growth Guarantee Scheme | "We are accredited to offer the Growth Guarantee Scheme" |
Source: aldermore.co.uk invoice finance page, checked 11 October 2026.
Who Aldermore suits, and who it does not
- It may suit a business with turnover of £750,000 or more that wants either invoice discounting (you chase your customers) or factoring (Aldermore collects payment from your customers).
- It does not suit a business below £750,000 turnover, unless Aldermore agrees after you get in touch.
- It is hard to compare on price, because Aldermore does not publish its fees. You need a quote.
Other lenders to compare with Aldermore
These lenders publish a minimum turnover or advance rate on their own websites:
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Aldermore Invoice Finance | £750k | Up to 90% | aldermore.co.uk |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.com |
| Close Brothers Invoice Finance | £750k (discounting) | Up to 90% | closeinvoice.co.uk |
| Lloyds Bank Commercial Finance | £100k | Up to 90% | lloydsbank.com |
| NatWest Invoice Finance | £300k (discounting) | Up to 90% | natwest.com |
| Ultimate Finance | None published | Up to 95% | ultimatefinance.co.uk |
Figures as published on each lender's own website, checked 14 October 2026. None of these lenders publishes its fees.
For more detail, read our Aldermore review and Bibby review, or see what invoice finance costs.
Common questions
Did Bibby buy Aldermore's invoice finance?
Bibby bought Aldermore's Working Capital Finance division in June 2023. Bibby said the deal would make it one of the largest specialist construction finance providers. Aldermore still offers invoice finance under its own name today.
I was a Working Capital Finance client. Who is my lender now?
Bibby said Working Capital Finance clients would move into Bibby's operations in the weeks after June 2023. Check your latest statement or contact Bibby to confirm.
Can Aldermore offer the Growth Guarantee Scheme?
Yes. Aldermore's invoice finance page says: "We are accredited to offer the Growth Guarantee Scheme."
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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