Aldermore Invoice Finance vs Close Brothers Invoice Finance: UK Invoice Finance Comparison 2026
Close Brothers Invoice Finance edges this one in our 2026 UK review at 4.5 of 5 against 4.2 for Aldermore Invoice Finance. Both are UK independent invoice finance providers, freer than banks on covenants and faster on decisioning. The difference is sector specialism, headline rate and minimum turnover floor. Aldermore Invoice Finance advances up to 90% with setup in 7 working days; Close Brothers Invoice Finance advances up to 90% with setup in 5 working days. Aldermore Invoice Finance still wins where £250k-£5m turnover ltd companies matters more than the headline score. Read the side-by-side, then check the "when X wins" sections for the buyer-fit logic.
Side-by-side
| Aldermore Invoice Finance | Close Brothers Invoice Finance | |
|---|---|---|
| Cluster | independent | independent |
| Product type | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance (CID, factoring, ABL) |
| Min turnover | £250k | £500k |
| Advance rate | Up to 90% | Up to 90% |
| Typical fee | 1% to 2.5% service charge | From 0.5% service charge |
| Contract / commitment | Whole-ledger or selective | Whole-ledger or selective |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 7 working days | 5 working days |
| Best for | £250k-£5m turnover Ltd companies; Cross-product banking relationship seekers; Growth Guarantee eligible | £500k+ turnover Ltd companies; Confidential discounting use cases; Cost-sensitive established trading businesses |
| Overall rating | 4.2 / 5 | 4.5 / 5 |
| Last reviewed | 2026-05-12 | 2026-05-12 |
When Aldermore Invoice Finance wins
- Challenger bank stability with independent-style speed.
- Growth Guarantee Scheme accredited (Aug 2025).
- New Receivables Finance product widens eligibility.
- Sector breadth: manufacturing, wholesale, business services.
Best for
£250k-£5m turnover Ltd companies, Cross-product banking relationship seekers, Growth Guarantee eligible.
Watch outs
- Setup 7 days, slower than Ultimate or Bibby.
- Service charge above Close Brothers headline.
- Less specialist than Sonovate for recruitment.
When Close Brothers Invoice Finance wins
- 0.5% headline service charge, market-leading.
- Merchant banking heritage; FCA regulated under Close Brothers Group plc.
- Strong on confidential invoice discounting (no customer notification).
- Published criteria, low headline-to-offered rate gap.
Best for
£500k+ turnover Ltd companies, Confidential discounting use cases, Cost-sensitive established trading businesses.
Watch outs
- £500k+ minimum turnover excludes earlier-stage businesses.
- Setup 5 days, fine but no faster than mid-tier competitors.
- Less aggressive on construction-stage payments than Bibby or Ultimate.
FAQ
Aldermore Invoice Finance or Close Brothers Invoice Finance: which is the better UK invoice finance provider in 2026?
Close Brothers Invoice Finance scores higher overall in our 2026 review at 4.5 of 5 versus 4.2 for Aldermore Invoice Finance. That headline does not settle the answer though. Aldermore Invoice Finance is the stronger pick for £250k-£5m turnover ltd companies; Close Brothers Invoice Finance is the stronger pick for £500k+ turnover ltd companies. If your business fits one of those use cases, ignore the rating and pick the right fit.
What are the headline commercials, Aldermore Invoice Finance vs Close Brothers Invoice Finance?
Aldermore Invoice Finance advances up to 90% at 1% to 2.5% service charge. Close Brothers Invoice Finance advances up to 90% at from 0.5% service charge. Minimum turnover is £250k for Aldermore Invoice Finance and £500k for Close Brothers Invoice Finance. Setup runs 7 working days for Aldermore Invoice Finance and 5 working days for Close Brothers Invoice Finance. Bespoke pricing is common above £1m ledger so verify before signing.
Can I get a confidential facility with either Aldermore Invoice Finance or Close Brothers Invoice Finance?
Aldermore Invoice Finance offers confidential invoice discounting (your customers are not notified). Close Brothers Invoice Finance offers confidential invoice discounting. If your customer relationships make disclosure a non-starter, that determines the answer regardless of headline rate.
Where does each one struggle?
Aldermore Invoice Finance is the wrong fit for sub-£250k turnover. Close Brothers Invoice Finance is the wrong fit for sub-£500k turnover. If either describes your business, browse the side-by-side or get matched against the wider UK panel via our quote form.
Can Market Invoice help me choose between Aldermore Invoice Finance and Close Brothers Invoice Finance?
Yes. We are an independent UK invoice finance comparison operated by Best Business Loans Ltd (16833937). We are not tied to either provider. Tell us monthly turnover, sector, debtor profile and whether you need the facility confidential. We match you against the UK invoice finance providers most likely to approve at a competitive rate, then stay your editorial reference for life.
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Get quotes →Reviewed by Oliver Mackman, Director. Last reviewed: 2026-05-12. Editorial by Best Business Loans Ltd (16833937).