Novuna Business Finance vs Ultimate Finance: UK Invoice Finance Comparison 2026

See how Novuna Business Finance compares to Ultimate Finance side by side, then get three tailored quotes to weigh alongside them. Free, no obligation, and nothing to pay if you decide not to proceed.

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Start here: what fits your business?

Recruitment agencyConstructionWholesaleUnder £500k turnoverConfidential (clients mustn't know)Not sure

Both are UK invoice finance providers outside the high street banks. Novuna Business Finance advances up to 90%, setup time 1 to 3 working days to funds; Ultimate Finance advances up to 95%, setup time within one week. Neither publishes a minimum turnover.

Side-by-side

Full reviews: Novuna Business Finance · Ultimate Finance

Figures are what each provider publishes on its own website; "Not published" means it gives no figure. Prices are usually set per facility, so check terms before signing.
Compared on Novuna Business Finance Ultimate Finance
Product type Invoice finance, asset finance, vehicle financeInvoice finance (factoring, CID), bridging, asset finance
Min turnover Not publishedNot published
Advance rate Up to 90%Up to 95%
Typical fee Not published (quoted per facility)Quoted per facility (not published)
Confidential available? YesYes
Factoring available? YesYes
Setup speed 1 to 3 working days to fundsWithin one week

Sources for these figures: Novuna Business Finance: advance rate · Novuna Business Finance: setup time · Novuna Business Cash Flow · Novuna invoice finance · Companies House 01630491, Mitsubishi HC Capital UK PLC · Mitsubishi HC Capital UK, Novuna rebrand announcement · Ultimate Finance: advance rate and setup (facility set up within one week) · Ultimate Finance: founding date · Ultimate Finance, invoice finance (advance up to 95%, funding to £10m)

When Novuna Business Finance wins

  • Backed by the Mitsubishi HC Capital UK balance sheet.
  • Multi-product cross-sell (IF + asset + vehicle).
  • Long-established UK presence as the former Hitachi Capital UK (rebranded Novuna, February 2022).
  • 6-month trial period before committing to the rolling contract.

Best for

Mid-market Ltd companies, Cross-product (IF + asset) facility seekers, Stable mid-market funders.

Watch outs

  • Three brand names in play (Novuna, Novuna Business Finance, Novuna Business Cash Flow).

When Ultimate Finance wins

  • Facility set up within one week; funds within 24 hours of invoices once live.
  • Funding lines up to £10m.
  • Multi-product (IF + bridging + asset) under one decision team.
  • Flexible on industry, including some construction and recruitment.

Best for

SME urgent setup, Multi-product facility seekers, Hybrid IF + bridging needs.

FAQ

Novuna Business Finance or Ultimate Finance: which is the better fit for UK invoice finance in 2026?

On what they publish, they differ on the most they advance (Novuna Business Finance: up to 90%; Ultimate Finance: up to 95%), and setup time (Novuna Business Finance: 1 to 3 working days to funds; Ultimate Finance: within one week). Start with the one whose published terms fit your business, then compare a quote from each.

How do Novuna Business Finance and Ultimate Finance price their facilities?

Neither publishes its pricing; both quote per facility. Get a written quote from each on the same invoices and compare the total cost.

Can I get a confidential facility with either Novuna Business Finance or Ultimate Finance?

Both Novuna Business Finance and Ultimate Finance offer confidential invoice discounting (your customers are not notified).

Can Market Invoice help me choose between Novuna Business Finance and Ultimate Finance?

Yes. marketinvoice.co.uk is an independent comparison and introducer service operated by Best Business Loans Ltd (company 16833937), and is not tied to either provider. Share your turnover, sector and debtor profile and our introduction partner, a UK invoice finance provider, handles your enquiry and comes back to you with quotes, with no obligation to proceed.

Related

Sources

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Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .

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Disclosure: marketinvoice.co.uk is an independent invoice finance comparison and introducer service operated by Best Business Loans Ltd (company number 16833937). It is a separate business and is not connected to Kriya, Allica Bank or to any provider named on this page. Our introduction partner pays us a fixed fee for each business we introduce, whether or not a facility follows; this is never added to your costs. Invoice finance for limited companies is not a regulated activity, so this comparison is general information rather than regulated financial advice. Figures are indicative; larger facilities are commonly priced bespoke, so confirm terms directly with the provider before you sign.