Aldermore vs MarketInvoice
Aldermore and MarketInvoice are not the same kind of business. Aldermore is a UK challenger bank that writes invoice finance facilities directly to mid-market SMEs from £750,000 turnover, with its modernised Receivables Finance product relaunched in 2025 and Growth Guarantee Scheme accreditation. MarketInvoice is an independent whole-of-market comparison and routing service: we compare every UK invoice finance provider including Aldermore, then route you to the lender most likely to fit your business and quote you the best rate. If you already know Aldermore is right and you meet their £750k threshold, apply direct. If you want Aldermore compared against the 84 other UK providers before deciding, that is what MarketInvoice does.
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: 15 July 2026
At a glance
| Aldermore | MarketInvoice | |
|---|---|---|
| What it is | UK challenger bank, direct invoice finance lender | Independent whole-of-market comparison + routing service |
| Minimum turnover | £750,000 | No minimum: we match across providers from £50k upwards |
| Advance rate | Up to 90% | Varies by provider matched (typically 80% to 95%) |
| Service charge | 1.0% to 2.5% | Quoted by the matched provider (no MarketInvoice fee) |
| Setup speed | ~7 working days | Three quotes within 24 hours, faster providers available |
| Confidential discounting | Yes (standard for £750k+) | Yes, on most matched providers |
| Selective / spot factoring | No (whole-turnover only) | Yes, via selective providers on the panel |
| Regulator | FCA + PRA (UK bank) | Introducer (not a lender) |
| Ownership | FirstRand Limited (South Africa) | Independent |
When Aldermore wins
- You already meet the £750k turnover bar and want a single direct relationship with a regulated UK bank (FCA + PRA).
- You want bank-grade stability with independent-style speed: Aldermore is well-capitalised but moves faster than HSBC or Lloyds for businesses just over its £750k threshold.
- You want Growth Guarantee Scheme accreditation: Aldermore was accredited in August 2025, helpful for businesses needing the government partial guarantee to access finance.
- You want to cross-sell with asset finance or commercial mortgages: Aldermore offers all three under one bank.
- You want confidential discounting as the standard product rather than an add-on, from a bank-backed lender.
When MarketInvoice wins
- You are below the £750k turnover bar: Aldermore will not quote, but several providers on our panel will (Hydr, Ultimate Finance, IGF, Bibby and others quote from £50k upwards).
- You want to factor a single invoice or specific invoices selectively: Aldermore is whole-turnover only. We have selective and spot factoring on the panel.
- You want to see Aldermore compared against the rest of the market before committing: we quote you three providers including Aldermore (where it fits) within 24 hours.
- You have been declined by Aldermore: their underwriting is moderately conservative on debtor concentration and trading history. We route to lenders with broader risk appetite.
- You want a faster setup than 7 working days: independents on the panel can set up in 24 to 48 hours.
What changed at Aldermore in 2023 to 2025
Two things often get confused. In 2023, Bibby Financial Services acquired Aldermore Working Capital Finance Ltd: the legacy invoice finance arm. That deal moved an existing book of customers to Bibby. Aldermore itself, the bank, did not exit invoice finance: it relaunched the product as Aldermore Receivables Finance in 2025 with widened eligibility and Growth Guarantee Scheme accreditation. So if you applied to Aldermore in 2024 and got nowhere, the new Receivables Finance product is the correct touchpoint today.
If Aldermore is not a fit
The closest alternatives on the MarketInvoice panel are Close Brothers (FTSE 250 merchant bank, 0.5% from £50k turnover, faster setup), Skipton Business Finance (building-society backed, 0.5% from £100k), and Bibby Financial Services (largest UK independent, 0.75% from £50k, deeper sector underwriting). For sub-£250k turnover the right fits are usually Ultimate Finance, IGF or Hydr. See the full list on alternatives to Aldermore.
Aldermore vs MarketInvoice FAQ
What is Aldermore's minimum turnover for invoice finance?
Aldermore quotes invoice finance from £750,000 turnover through its Receivables Finance product (published minimum, checked July 2026). If you sit below that threshold Aldermore will not quote, but several providers on the MarketInvoice panel quote from £50k upwards, including Hydr, Ultimate Finance, IGF and Bibby.
Did Aldermore stop offering invoice finance?
No. In 2023 Bibby Financial Services acquired the legacy Aldermore Working Capital Finance arm, which moved an existing book to Bibby. Aldermore the bank did not exit: it relaunched the product as Aldermore Receivables Finance in 2025 with widened eligibility and Growth Guarantee Scheme accreditation, so the new product is the correct touchpoint today.
Is MarketInvoice a lender like Aldermore?
No. Aldermore is a UK challenger bank regulated by the FCA and PRA that writes facilities directly. MarketInvoice is an independent whole-of-market comparison and routing service, an introducer, not a lender. We compare Aldermore against the other UK providers and route you to the best fit, with no MarketInvoice fee.
What does Aldermore charge for invoice finance?
Aldermore's published service charge runs from 1.0% to 2.5% with an advance rate up to 90% and setup around 7 working days. The exact rate quoted depends on turnover, sector and ledger profile. MarketInvoice can show that quote alongside the rest of the panel before you commit.
Related comparisons
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How we make money: Market Invoice is an independent comparison service, not a lender. If you take a facility after we introduce you, the provider pays us a commission; you never pay us and it is never added to your costs. How we are funded.