Invoice Finance Charges
Analysis - January 2026
Analysis of new invoice finance debentures registered at Companies House for January 2026. January 2026 recorded 371 new IF charges, a change of +18 versus January 2025 (+5.1%).
Spark Intel Research Team
Data analysis and market intelligence
Jan 2026 Total
371
new IF charges
Headline Var.
+5.1%
vs Jan 2025
Change
+18
vs Jan 2025
Banks
78
vs 99 in Jan 2025
Summary
January 2026 recorded 371 new IF charges, a change of +18 versus January 2025 (+5.1%).
Cumulative.
Key Insights
- Headline: 371 new IF charges - activity rose +5.1% versus January 2025.
- Banks registered 78 charges (vs 99 in January 2025).
- Charges led the large independents with 2026 charges.
- Cumulative
Lender Analysis
Detailed breakdown of IF charge registrations by lender category for January 2026.
Banks
| Lender | 2024 | 2025 | 2026 | Var. | YTD 2026 | YTD Var. |
|---|---|---|---|---|---|---|
| RBS Invoice Finance | 21 | 24 | 30 | +6 | 30 | +6 |
| Lloyds Commercial Finance | 32 | 47 | 25 | -22 | 25 | -22 |
| HSBC Invoice Finance | 18 | 23 | 19 | -4 | 19 | -4 |
| Metro Bank IF | 2 | 5 | 3 | -2 | 3 | -2 |
| Investec Capital | 1 | - | 1 | +1 | 1 | +1 |
| Total - Banks | 74 | 99 | 78 | -21 | 78 | -21 |
Large Independents
| Lender | 2024 | 2025 | 2026 | Var. | YTD 2026 | YTD Var. |
|---|---|---|---|---|---|---|
| Bibby Finance | 53 | 39 | 47 | +8 | 47 | +8 |
| eCapital Commercial Finance | 29 | 18 | 26 | +8 | 26 | +8 |
| Close Brothers | 18 | 29 | 27 | -2 | 27 | -2 |
| Skipton Business Finance | 15 | 11 | 9 | -2 | 9 | -2 |
| Novuna | 16 | 10 | 15 | +5 | 15 | +5 |
| Time Finance | 9 | 16 | 6 | -10 | 6 | -10 |
| Ultimate Finance | 10 | 13 | 5 | -8 | 5 | -8 |
| Cynergy Business Finance | 11 | 6 | 4 | -2 | 4 | -2 |
| IGF | - | 4 | 1 | -3 | 1 | -3 |
| Praetura | 2 | 2 | 2 | - | 2 | - |
| Secure Trust Bank | 2 | - | - | - | - | - |
| Leumi ABL | 2 | 3 | 1 | -2 | 1 | -2 |
| Pulse Cashflow Finance | 1 | - | 9 | +9 | 9 | +9 |
| FGI Finance | - | - | - | - | - | - |
| Total - Large Independents | 168 | 151 | 152 | +1 | 152 | +1 |
Mid-tier Independents
| Lender | 2024 | 2025 | 2026 | Var. | YTD 2026 | YTD Var. |
|---|---|---|---|---|---|---|
| Apollo Business Finance | 11 | 8 | 23 | +15 | 23 | +15 |
| Team Factors | 14 | 9 | 15 | +6 | 15 | +6 |
| Optimum SME Finance | 8 | 12 | 7 | -5 | 7 | -5 |
| 4SYTE | 6 | 5 | 18 | +13 | 18 | +13 |
| Paragon Business Finance | 6 | 6 | 6 | - | 6 | - |
| Simplicity Finance | - | 1 | - | -1 | - | -1 |
| Sallyport Commercial Finance | 6 | 2 | 4 | +2 | 4 | +2 |
| Shire Invoice Finance | 3 | 3 | 3 | - | 3 | - |
| Castlebridge Finance | 2 | 3 | 2 | -1 | 2 | -1 |
| Wedo Finance | 2 | 2 | 3 | +1 | 3 | +1 |
| Peak Cashflow | 3 | 4 | - | -4 | - | -4 |
| Regency Factors | 2 | 1 | - | -1 | - | -1 |
| TP24 | 4 | 1 | - | -1 | - | -1 |
| Partnership Invoice Finance | 2 | 1 | 1 | - | 1 | - |
| GRENKE | 4 | - | - | - | - | - |
| FI Capital | 1 | - | - | - | - | - |
| Total - Mid-tier Independents | 74 | 58 | 82 | +24 | 82 | +24 |
Specialists
| Lender | 2024 | 2025 | 2026 | Var. | YTD 2026 | YTD Var. |
|---|---|---|---|---|---|---|
| Quba solutions | 13 | 16 | 13 | -3 | 13 | -3 |
| Sonovate | 8 | 3 | 25 | +22 | 25 | +22 |
| Zodeq | 13 | 12 | 2 | -10 | 2 | -10 |
| Liquid Link | 9 | 2 | 6 | +4 | 6 | +4 |
| Giant Finance | - | 4 | 4 | - | 4 | - |
| Total - Specialists | 43 | 37 | 50 | +13 | 50 | +13 |
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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