ABL + Invoice Finance
November 2025
10th in cohort
Novuna
November 2025 debenture analysis for Novuna. ABL + Invoice Finance cohort, ranked 10th.
November 2025 Debenture Activity
Year-over-year comparison of debenture registrations for November 2025
| Year | 2022 | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|---|
| Debentures | 27 | 28 | 15 | 21 | +29% |
Borrower Profile
Average borrower characteristics compared to cohort for November 2025
| Avg age (yrs) | Avg net assets | |
|---|---|---|
| Novuna | 9 | £695k |
| Cohort average | 10.5 | £891k |
Top Sectors
| Sector | Count |
|---|---|
| Utilities | 3 |
| Office & business support | 2 |
| Financial services | 2 |
| Fabricated metal products | 2 |
| Logistics & warehousing | 2 |
Top Regions
| Region | Count |
|---|---|
| Yorkshire / Humber | 5 |
| North West | 5 |
| South East | 4 |
| Midlands | 3 |
| South West | 2 |
Notable New Debentures
Significant new debenture registrations in November 2025
| Date | Business | Bus. age | Region | Sector | Financials |
|---|---|---|---|---|---|
| 04/11/2025 | PROGASES (UK) LIMITED | 11.2 yrs | North West | Utilities | Aug-2024, Trade Debtors: £2.8m, Debts: £175k, Net Assets: £2.4m, Staff: 29 |
| 07/11/2025 | TENACITY BUSINESS | 8.4 yrs | South East | Head offices & consultancy | Jun-2025, Trade Debtors: £1.2m, Debts: £90k, Net Assets: £-48k, Staff: 2 |
| 21/11/2025 | DBL MANAGEMENT LTD | 16.8 yrs | Wales | Logistics & warehousing | Mar-2025, Trade Debtors: £92k, Net Assets: £218k, Staff: 40, Est PBT: £4k |
| 27/11/2025 | FLOWER OF LIFE LTD | 13.6 yrs | Yorkshire / | Beverage manufacturing | Dec-2024, Trade Debtors: £594k, Net Assets: £934k, Staff: 35, Est PBT: £-141k |
| 07/11/2025 | KONA ENERGY LIMITED | 4.7 yrs | South East | Utilities | Mar-2025, Net Assets: £2.9m, Staff: 2, Est PBT: £-1.1m |
| 18/11/2025 | YAPLEX LTD | 15.8 yrs | Midlands | - | Mar-2024, Trade Debtors: £593k, Debts: £571k, Net Assets: £516k, Staff: 22 |
| 10/11/2025 | BB FABRICATIONS UK LTD | 17.1 yrs | South West | Fabricated metal products | Mar-2025, Trade Debtors: £222k, Debts: £104k, Net Assets: £62k, Staff: 15 |
| 18/11/2025 | VIBRANT COATINGS LTD | 5.3 yrs | Midlands | Specialist construction | Jan-2025, Net Assets: £-61k, Staff: 7, Est PBT: £-68k |
| 07/11/2025 | KONA ASSET | 3 yrs | LIMITED 2.9 South East | Utilities | Mar-2025, Net Assets: £-16k, Est PBT: £-20k |
| 17/11/2025 | MIDLANDS COMMERCIAL | 1.1 yrs | Midlands | Financial services | Sep-2025, Net Assets: £0k |