Aldermore Invoice Finance Review
Market Invoice is an independent UK invoice finance comparison site that ranks Aldermore against 85 active UK lenders.
Aldermore offers invoice factoring and confidential discounting from 0.7% service charge with advance rates up to 90%, for UK businesses with annual turnover from £250,000. As a challenger bank now owned by FirstRand (South Africa's largest financial services group, acquired 2018), Aldermore combines competitive mid-market pricing with the security of strong banking backing and dual FCA/PRA regulation. Confidential invoice discounting is the standard product. Setup is typically 7 working days.
Last updated: 5 May 2026.
Aldermore Invoice Finance is a UK challenger bank invoice finance provider, owned by South African financial group FirstRand. They offer confidential invoice discounting as standard from £250,000 turnover at 0.7% starting service charge with 90% advance rates.
More detail + scope
Summary
Aldermore is the cheapest specialist confidential invoice discounting provider for UK businesses in the £250k-£500k turnover bracket, where Close Brothers' and Skipton's £500k thresholds rule them out. Owned by FirstRand (South Africa's largest financial group). Reading-headquartered, FCA + PRA regulated. 4.6/5 rating from Market Invoice. Alternatives: Close Brothers (0.5% from £50k), Skipton (0.5% from £100k), Bibby (0.75% from £50k).
This page covers
Aldermore Invoice Finance products, rates, eligibility, parent group structure, FCA status, and how Aldermore compares to alternatives like Close Brothers, Skipton and Bibby
Not covered here
General invoice finance education (see /guides/), individual sector pages (see /industries/), full provider directory (see /providers/)
Key Facts
Aldermore vs Alternatives
| Provider | Fee from | Min turnover | Confidential ID | Type |
|---|---|---|---|---|
| Aldermore | 0.7% | £250k | Standard from £250k | Challenger bank |
| Close Brothers | 0.5% | £50k | From £500k | FTSE 250 bank |
| Skipton | 0.5% | £100k | From £500k | Building society |
| Bibby | 0.75% | £50k | From £500k | Independent |
| HSBC | Negotiated | £500k | Standard from £500k | Clearing bank |
Pros and Cons
Strengths
- Cheapest confidential discounting in £250k-£500k bracket
- Confidential discounting as standard product
- Strong banking backing (FirstRand group, £40bn+ assets)
- Modern online portal and reporting
- Cross-sell with asset finance and commercial mortgages
- Dual FCA + PRA regulated
Limitations
- Higher minimum turnover (£250k) excludes most micro-businesses
- No selective or spot factoring option (whole-turnover only)
- Less flexible on contract terms than independents
- No specialist construction or recruitment team
- More expensive than Close Brothers or Skipton (0.7% vs 0.5%)
Who Is Aldermore Best For?
Aldermore is best for established UK SMEs with annual turnover above £250,000 who want confidential invoice discounting from a well-capitalised challenger bank, particularly those in the £250k to £500k bracket where Close Brothers' and Skipton's £500k confidential thresholds rule them out. They are particularly strong if you also need asset finance, commercial property lending, or savings products, as they can offer combined facilities through a single relationship.
If your turnover is below £250,000, look at Close Brothers (from £50k), Ultimate Finance (from £50k), or IGF (no minimum). If you want lower-cost vanilla factoring (not confidential) above £250k, Close Brothers and Skipton are cheaper at 0.5%. If you need selective or spot factoring rather than whole-turnover, look at Hydr or Triver.
Our Verdict
Aldermore is a solid choice for UK mid-market businesses wanting the reassurance of a bank-backed facility with confidential discounting as the default product. The main limitation is the £250,000 minimum turnover, which rules out smaller businesses, and the absence of selective or sector-specialist options. For businesses that fit the £250k-£10m bracket and want confidential discounting from a challenger bank with cross-sell to other commercial finance products, Aldermore competes effectively with Close Brothers and Skipton, and beats them on price specifically in the £250k-£500k confidential discounting bracket.
Director, Market Invoice
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: 5 May 2026