Close Brothers vs Skipton
Close Brothers and Skipton are two well-established UK invoice finance providers. Neither Skipton Business Finance nor Close Brothers publishes a rate: both price each facility individually. Close Brothers is part of Close Brothers Group and publishes a £750k minimum turnover. Skipton Business Finance is owned by Skipton Building Society and publishes no minimum. Both advance up to 90% of each invoice.
Neither Skipton Business Finance nor Close Brothers publishes a rate: both price each facility individually, so compare quotes. Below £750k turnover, Close Brothers is ruled out by its published £750k minimum, and Skipton publishes no minimum, so ask Skipton. Above £750k, ask both for a quote. More detail and scope
This page covers:
Close Brothers vs Skipton comparison on rates, minimums, ownership and pricing.
Not covered here:
Other providers, detailed sector guides, asset finance products.
Head-to-Head Comparison
| Feature | Close Brothers | Skipton |
|---|---|---|
| Service charge | Not published | Not published |
| Min turnover | £750,000 | Not published |
| Advance rate | Up to 90% | Up to 90% |
| Type | Part of Close Brothers Group | Owned by Skipton Building Society |
| Setup time | Not published | Not published |
| Pricing style | Individually priced | Agreed per facility (Skipton Select: set-up fee plus a service charge set by turnover) |
Choose Close Brothers If...
- Your turnover is £750k or more (Close Brothers' published minimum)
- You want a lender that is part of a banking group
Choose Skipton If...
- Your turnover is below Close Brothers' £750k minimum (Skipton publishes none)
- You prefer a lender owned by a building society
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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