Invoice Finance Charges
Analysis - August 2024
Analysis of new invoice finance debentures registered at Companies House for August 2024. August 2024 recorded 393 new IF charges, a change of +36 versus August 2023 (+10.1%).
Spark Intel Research Team
Data analysis and market intelligence
Aug 2024 Total
393
new IF charges
Headline Var.
+10.1%
vs Aug 2023
Change
+36
vs Aug 2023
Banks
99
vs 94 in Aug 2023
Summary
August 2024 recorded 393 new IF charges, a change of +36 versus August 2023 (+10.1%).
Cumulative (adjusted*) increase of 6.5%.
Key Insights
- Headline: 393 new IF charges - activity rose +10.1% versus August 2023.
- Banks registered 99 charges (vs 94 in August 2023).
- Bibby Finance led the large independents with 56 charges.
- Cumulative (adjusted*) increase of 6.5%
Lender Analysis
Detailed breakdown of IF charge registrations by lender category for August 2024.
Banks
| Lender | 2022 | 2023 | 2024 | Var. | YTD 2024 | YTD Var. |
|---|---|---|---|---|---|---|
| RBS Invoice Finance | 18 | 39 | 24 | -15 | 189 | -183 |
| Lloyds Commercial Finance | 32 | 30 | 44 | +14 | 342 | +52 |
| HSBC Invoice Finance | 21 | 18 | 16 | -2 | 149 | -1 |
| SME Invoice Finance | 13 | 5 | 8 | +3 | 56 | +4 |
| Arbuthnot Latham & Co | 9 | 1 | 6 | +5 | 31 | +14 |
| Investec Capital | 1 | 1 | 1 | - | 21 | +5 |
| Total - Banks | 94 | 94 | 99 | +5 | 788 | -109 |
Large Independents
| Lender | 2022 | 2023 | 2024 | Var. | YTD 2024 | YTD Var. |
|---|---|---|---|---|---|---|
| Bibby Finance | 52 | 40 | 56 | +16 | 464 | +83 |
| eCapital Commercial Finance | 40 | 33 | 32 | -1 | 274 | +9 |
| Close Brothers | 25 | 24 | 30 | +6 | 217 | -6 |
| Novuna | 18 | 16 | 9 | -7 | 134 | +8 |
| Skipton Business Finance | 14 | 15 | 13 | -2 | 133 | -15 |
| Time Finance | 13 | 6 | 16 | +10 | 72 | +9 |
| Ultimate Finance | 9 | 5 | 8 | +3 | 72 | -3 |
| Cynergy Business Finance | 11 | 10 | 5 | -5 | 70 | -16 |
| IGF | 4 | 3 | 2 | -1 | 24 | - |
| Leumi ABL | 5 | 2 | 1 | -1 | 23 | +5 |
| Praetura | 8 | 3 | 2 | -1 | 23 | -3 |
| Secure Trust Bank | - | - | 8 | +8 | 18 | +2 |
| Pulse Cashflow Finance | 3 | 5 | 2 | -3 | 10 | -7 |
| Total - Large Independents | 202 | 162 | 184 | +22 | 1534 | +66 |
| Continued record results from the specialist providers | 2024 | - | - | - | - | - |
Mid-tier Independents
| Lender | 2022 | 2023 | 2024 | Var. | YTD 2024 | YTD Var. |
|---|---|---|---|---|---|---|
| Team Factors | 8 | 14 | 19 | +5 | 132 | +40 |
| Apollo Business Finance | 11 | 9 | 12 | +3 | 89 | -11 |
| Optimum SME Finance | 7 | 5 | 14 | +9 | 85 | +14 |
| Paragon Business Finance | 3 | 3 | 6 | +3 | 45 | -9 |
| 4SYTE | 5 | 2 | 5 | +3 | 42 | +8 |
| Wedo Finance | 6 | 2 | 3 | +1 | 33 | -5 |
| Peak Cashflow | 6 | 5 | 8 | +3 | 30 | - |
| GRENKE | 2 | 1 | 5 | +4 | 21 | +11 |
| Satago | 4 | 1 | 1 | - | 18 | -15 |
| Castlebridge Finance | 2 | 6 | - | -6 | 15 | -5 |
| Sallyport Commercial Finance | - | - | 2 | +2 | 15 | +2 |
| Shire Invoice Finance | 3 | 1 | 3 | +2 | 14 | -1 |
| Funding Alternative | - | - | 3 | +3 | 12 | +7 |
| Partnership Invoice Finance | 2 | - | 3 | +3 | 11 | -1 |
| Regency Factors | 2 | 3 | - | -3 | 10 | -15 |
| Simplicity Finance | - | 3 | - | -3 | 10 | -1 |
| Total - Mid-tier Independents | 61 | 52 | 84 | +29 | 572 | +19 |
Specialists
| Lender | 2022 | 2023 | 2024 | Var. | YTD 2024 | YTD Var. |
|---|---|---|---|---|---|---|
| Zodeq | 14 | 7 | 11 | +4 | 118 | +60 |
| Quba solutions | 8 | 7 | 8 | +1 | 88 | +25 |
| Sonovate | - | 5 | 1 | -4 | 85 | +41 |
| Liquid Link | 6 | 1 | 2 | +1 | 27 | +6 |
| Giant Finance | - | 1 | 1 | - | 6 | -6 |
| Total - Specialists | 28 | 21 | 23 | +2 | 324 | +126 |
Access the Full Report
Want the complete analysis including detailed sector breakdowns, regional data, and full lender tables? Get in touch with the Spark team.
Contact the Spark TeamMethodology
This analysis uses AI-driven classification to identify invoice finance charges registered at Companies House. Charges are matched based on the charge-holder name or a combination of the name and the nature of the charge description.
For some lenders (e.g. Barclays, Santander), it is not feasible to produce a strong enough pattern to reliably match charges to invoice finance. Where a group of companies has a charge, this is counted as one event. Multiple charges registered by the same company within the reporting period are not counted separately. Refactors are based on IF charges where a previous IF charge was satisfied within 100 days of the new charge or was left open.
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About This Data
This report is produced by the Spark Intel Research Team using data derived from invoice finance charge registrations filed at Companies House. All source data is publicly available under the Open Government Licence v3.0.
For full details on how this data is collected, classified, and analysed, see the Methodology, Data Sources, Definitions, and Caveats pages.
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