UK Invoice Finance Market Concentration Stats 2026
UK Finance says its members provide well over £20 billion of invoice finance and asset-based lending at any one time. No public source publishes how that is split between providers or types of provider, so this page does not estimate market shares. What we can show is who is in the market: the providers in our directory, by type, counted from our own data.
Key statistics
Invoice finance and asset-based lending that UK Finance members provide to UK businesses at any one time ("well over £20 billion"). UK Finance does not split this by provider. Source: UK Finance
Providers trading in our directory of 83 UK invoice finance providers. The rest have exited the market, been acquired or merged. Source: Market Invoice list of UK invoice finance companies
Bank of England base rate, last changed 5 November 2026. Most invoice finance discount charges are set as a margin over it. Source: Bank of England
Providers in our directory, by type
| Type | Trading | Listed (including exited, acquired or merged) |
|---|---|---|
| Banks & Bank-Backed | 21 | 23 |
| Large Independents | 9 | 12 |
| Mid-Size & Regional | 31 | 34 |
| Recruitment Specialists | 6 | 6 |
| Fintech & Digital | 8 | 8 |
Source: Market Invoice provider directory
View as plain-text Markdown
### UK invoice finance providers in the Market Invoice directory, by type | Type | Trading | Listed (including exited, acquired or merged) | | --- | --- | --- | | Banks & Bank-Backed | 21 | 23 | | Large Independents | 9 | 12 | | Mid-Size & Regional | 31 | 34 | | Recruitment Specialists | 6 | 6 | | Fintech & Digital | 8 | 8 | Source: Market Invoice provider directory
What the numbers mean
High street banks, specialist banks, independent lenders, recruitment funders and fintechs all offer invoice finance in the UK. Banks tend to sell to their own customers; independents and fintechs sell to any business that fits their terms. Without published shares, nobody outside the lenders can say how concentrated the market is by value.
This page used to show provider-level and provider-type figures, such as a Lloyds balance, a fintech total and growth rates, linked to research home pages or a consumer survey. We could not find those figures in the linked sources, so we have taken them out.
In UK Finance's last published product split, for Q4 2017, invoice discounting carried 93% of client sales (£289.5bn of £311.0bn) and factoring about 7%. That is the most recent split we have found; see our invoice finance statistics page for the source.
FAQs
Which providers have the largest share of the UK market?
No public source says. UK Finance publishes totals for its members, not shares by provider. High street banks such as Lloyds, HSBC, NatWest, Barclays and Santander offer invoice finance alongside independents such as Bibby Financial Services and Close Brothers.
Is invoice finance regulated in the UK?
Invoice finance for limited companies is generally not a regulated activity, so many providers have no FCA permission for it. Some hold FCA permissions for other products. Check Companies House, and the FCA Register if a provider says it is authorised.
How does the base rate affect invoice finance costs?
Most discount charges are set as a margin over the Bank of England base rate, plus a service charge. Most lenders do not publish their margin, so you need a quote.
Is it easy to switch provider?
It can be done, but check your notice period and any exit fees first, and make sure the new lender can take over the ledger without a gap in funding.
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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