What happened to Hitachi Capital invoice finance?
Hitachi Capital didn't close. On 14 February 2022, Hitachi Capital (UK) PLC changed its name to Mitsubishi HC Capital UK PLC and started trading as Novuna. Its invoice finance arm is now called Novuna Business Cash Flow. The company number, 01630491, stayed the same.
Why the name changed
In April 2021, the Japanese parent company, Hitachi Capital Corporation, merged with Mitsubishi UFJ Lease & Finance. Together they became Mitsubishi HC Capital Inc. The UK business became part of that new group, and in February 2022 it took the Novuna name in the UK (Mitsubishi HC Capital UK announcement, 14 February 2022).
You can check the company yourself on Companies House: company 01630491, now named Mitsubishi HC Capital UK PLC.
The old names and the new ones
| Before February 2022 | Now |
|---|---|
| Hitachi Capital (UK) PLC | Mitsubishi HC Capital UK PLC, trading as Novuna |
| Hitachi Capital Invoice Finance | Novuna Business Cash Flow |
| Hitachi Personal Finance | Novuna Personal Finance |
Source: the Mitsubishi HC Capital UK announcement.
What Novuna offers for invoice finance
Novuna's invoice finance page says it advances "typically up to 90%" of the value of your unpaid invoices (checked 1 October 2026). It does not publish its prices or a minimum turnover, so you need a quote to know what it would cost you. Our Novuna review has more detail.
If you are comparing Novuna with other lenders
These lenders also offer invoice finance and publish a minimum turnover or advance rate on their own websites:
| Lender | Published minimum turnover | Paid up front | Source |
|---|---|---|---|
| Novuna Business Finance | None published | Up to 90% | novuna.co.uk |
| Close Brothers Invoice Finance | £750k (discounting) | Up to 90% | closeinvoice.co.uk |
| Lloyds Bank Commercial Finance | £100k | Up to 90% | lloydsbank.com |
| Bibby Financial Services | None published | Up to 85% | bibbyfinancialservices.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 lenders, see the provider directory.
Common questions
Does Hitachi Capital still exist?
Not under that name. Hitachi Capital (UK) PLC changed its name to Mitsubishi HC Capital UK PLC on 14 February 2022 and trades as Novuna. The company number on Companies House is still 01630491.
Who runs Hitachi Capital's invoice finance now?
Novuna Business Cash Flow, the invoice finance arm of Mitsubishi HC Capital UK PLC. It was called Hitachi Capital Invoice Finance before February 2022.
Do I need to do anything if I had a Hitachi Capital facility?
The name change did not need you to do anything. If you want to check your terms, or compare them with other lenders, the contact details are on your latest statement or on Novuna's website.
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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