Aldermore vs Skipton Business Finance
Aldermore and Skipton are both mid-market invoice finance providers but serve different segments. Skipton offers the joint-lowest rate in market at 0.5% and accepts businesses from £100,000 turnover. Aldermore requires £750,000+ but offers confidential discounting as standard and a broader product range (asset finance, commercial mortgages). Choose Skipton for lowest cost, Aldermore for a full banking relationship.
Skipton is cheaper (0.5% vs 0.7%) and accepts lower turnover (£100k vs £750k). Aldermore offers confidential discounting as standard and a broader product range including asset finance and commercial mortgages. More detail + scope
Summary
Both are mid-market providers with up to 90% advance rates and 7-day setup. Skipton is a building society (est. 1853) offering the joint-lowest rate in market. Aldermore is a challenger bank (FirstRand-owned) with confidential discounting as standard from £750k. Choose Skipton for lowest cost or sub-£750k turnover. Choose Aldermore for a full banking relationship with asset finance and mortgages.
This page covers
Head-to-head comparison of Aldermore and Skipton invoice finance for UK businesses in 2026
Not covered here
Individual provider reviews (see /providers/aldermore/ and /providers/skipton/), confidential discounting details (see /best/best-confidential-discounting/)
| Feature | Aldermore | Skipton |
|---|---|---|
| Service charge from | 0.7% | 0.5% |
| Min turnover | £250,000 | £100,000 |
| Advance rate | Up to 90% | Up to 90% |
| Setup speed | 7 days | 7 days |
| Confidential discounting | Standard | Available (higher tier) |
| Type | Challenger bank (FirstRand) | Building society (est. 1853) |
| Asset finance too? | Yes - full range | Limited |
| Commercial mortgages? | Yes | No |
| Our rating | 4.6/5 | 4.4/5 |
Choose Aldermore If...
- Your turnover exceeds £750k and you want confidential terms as standard
- You also need asset finance, vehicle finance, or commercial mortgages
- You want everything under one banking roof
Choose Skipton If...
- Lowest cost is your priority (0.5% starting rate)
- Your turnover is £100k-£750k (below Aldermore's threshold)
- You value building society ethos and transparent pricing
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: 21 July 2026