Skipton Business Finance (FCA FRN: 716444) offers invoice factoring from approximately £300,000 annual turnover, invoice discounting from £500,000, and LedgerLite from £50,000. Maximum facility is £5,000,000. Advance rate is up to 90%. It accepts startups (including a rare 3-month trial period) and sole traders. The parent, Skipton Building Society, holds a 4.6/5 Trustpilot rating (8,444 reviews). Skipton Business Finance has no standalone Trustpilot reviews but claims 98% client satisfaction. The Skipton Select interest-free factoring product – a flat service charge with no discount (interest) charge – is uncommon in the UK market and suits businesses that want predictable, transparent pricing.
Our What Is Invoice Factoring? breaks this down further. You can compare options in our Bibby Financial Services Review. See our Novuna Business Cash Flow Review for the full picture. For more on this, read our Kriya Finance Review.
| Factor | Detail |
|---|---|
| Parent company | Skipton Building Society (UK mutual) |
| FCA FRN | 716444 |
| Trustpilot | No standalone reviews; parent 4.6/5 (8,444 reviews) |
| Min. facility (factoring) | £50,000 |
| Max. facility | £5,000,000 |
| Min. turnover (guideline) | ~£300,000 (flexible – no hard minimum stated) |
| Advance rate | Up to 90% |
| Sole traders | Considered |
| Startups | Yes – 3-month trial period available |
Skipton Business Finance Products
Skipton Business Finance’s four core products: (1) Invoice Factoring – standard facility with Skipton managing credit control, advance up to 90%, from £50,000 facility; (2) Confidential Invoice Discounting – client retains credit control, customers are unaware of Skipton’s involvement; (3) Skipton Select – interest-free factoring where you pay a flat service charge (2–3.5% of factored turnover) rather than a discount rate on top – total cost is predictable and there is no daily interest charge; (4) LedgerLite – advance up to 50% of your monthly invoiced turnover with a simpler facility structure, designed for businesses not ready for a full factoring arrangement. Bad Debt Protection is available as an add-on across products.
Skipton Business Finance Fees and Rates
Skipton Business Finance uses two pricing structures depending on product: standard factoring and discounting use a discount fee (2.00–4.50% above Bank of England base rate for factoring; 1.75–3.50% above base for discounting) plus a service charge. The Skipton Select product replaces this with a flat service charge of 2–3.5% of factored turnover – no discount rate, no daily interest. This is genuinely unusual in the market. Skipton Select’s total cost is easier to budget because it is a fixed percentage of revenue rather than a variable daily interest charge. Specific rates are quoted individually after assessment.
Is Skipton Business Finance Right for Your Business?
Skipton Business Finance is best suited for UK SMEs – including startups, sole traders, and businesses with flexible turnover – that want a relationship-managed invoice finance facility with genuinely differentiated product options. The Skipton Select interest-free product is the strongest unique selling point: if you want completely predictable invoice finance costs with no daily interest charge, Skipton Select is one of very few UK products that deliver this.
The 3-month trial period is also rare and valuable for businesses testing invoice finance for the first time. Skipton is not suitable for businesses with very high facility needs (above £5 million) or those wanting a fully digital self-serve experience without account management. For a detailed comparison, see our Best Invoice Finance Companies UK 2026.
Pros and Cons
Skipton Business Finance: Invoice financing solutions with tailored support, expert service, and fast access to working capital. See our review.
Skipton Business Finance is an independent invoice finance provider owned by Skipton Building Society – one of the UK’s largest mutuals. It offers invoice factoring, confidential invoice discounting, and two differentiated products unique to the market: Skipton Select (interest-free factoring with a flat service charge) and LedgerLite (advance up to 50% of your monthly ledger without the full factoring commitment). With no published standalone Trustpilot profile but a 98% self-reported client satisfaction rate, Skipton Business Finance is best assessed by its product range and the parent building society’s 4.6/5 Trustpilot rating. This is our independent review for 2026.
- Mutual ownership structure - Building society backing provides stability and member-focused approach to client relationships
- Best for Yorkshire-based businesses - Regional focus and local relationship management suit businesses preferring face-to-face service
- Advance rates reach 80% - Competitive funding though slightly below Bibby’s 90% maximum advance rate offering
- Minimum £500K turnover - Accessible entry requirements match Close Brothers but exclude smallest business operations
- Personal guarantees typically required - Directors’ security commitments may deter some business owners versus non-recourse alternatives
Skipton Business Finance Review: Key Facts
Skipton Business Finance (FCA FRN: 716444) offers invoice factoring from approximately £300,000 annual turnover, invoice discounting from £500,000, and LedgerLite from £50,000. Maximum facility is £5,000,000. Advance rate is up to 90%. It accepts startups (including a rare 3-month trial period) and sole traders. The parent, Skipton Building Society, holds a 4.6/5 Trustpilot rating (8,444 reviews). Skipton Business Finance has no standalone Trustpilot reviews but claims 98% client satisfaction. The Skipton Select interest-free factoring product – a flat service charge with no discount (interest) charge – is uncommon in the UK market and suits businesses that want predictable, transparent pricing.
Our What Is Invoice Factoring? breaks this down further. You can compare options in our Bibby Financial Services Review. See our Novuna Business Cash Flow Review for the full picture. For more on this, read our Kriya Finance Review.
| Factor | Detail |
|---|---|
| Parent company | Skipton Building Society (UK mutual) |
| FCA FRN | 716444 |
| Trustpilot | No standalone reviews; parent 4.6/5 (8,444 reviews) |
| Min. facility (factoring) | £50,000 |
| Max. facility | £5,000,000 |
| Min. turnover (guideline) | ~£300,000 (flexible – no hard minimum stated) |
| Advance rate | Up to 90% |
| Sole traders | Considered |
| Startups | Yes – 3-month trial period available |
Skipton Business Finance Products
Skipton Business Finance’s four core products: (1) Invoice Factoring – standard facility with Skipton managing credit control, advance up to 90%, from £50,000 facility; (2) Confidential Invoice Discounting – client retains credit control, customers are unaware of Skipton’s involvement; (3) Skipton Select – interest-free factoring where you pay a flat service charge (2–3.5% of factored turnover) rather than a discount rate on top – total cost is predictable and there is no daily interest charge; (4) LedgerLite – advance up to 50% of your monthly invoiced turnover with a simpler facility structure, designed for businesses not ready for a full factoring arrangement. Bad Debt Protection is available as an add-on across products.
Skipton Business Finance Fees and Rates
Skipton Business Finance uses two pricing structures depending on product: standard factoring and discounting use a discount fee (2.00–4.50% above Bank of England base rate for factoring; 1.75–3.50% above base for discounting) plus a service charge. The Skipton Select product replaces this with a flat service charge of 2–3.5% of factored turnover – no discount rate, no daily interest. This is genuinely unusual in the market. Skipton Select’s total cost is easier to budget because it is a fixed percentage of revenue rather than a variable daily interest charge. Specific rates are quoted individually after assessment.
Is Skipton Business Finance Right for Your Business?
Skipton Business Finance is best suited for UK SMEs – including startups, sole traders, and businesses with flexible turnover – that want a relationship-managed invoice finance facility with genuinely differentiated product options. The Skipton Select interest-free product is the strongest unique selling point: if you want completely predictable invoice finance costs with no daily interest charge, Skipton Select is one of very few UK products that deliver this.
The 3-month trial period is also rare and valuable for businesses testing invoice finance for the first time. Skipton is not suitable for businesses with very high facility needs (above £5 million) or those wanting a fully digital self-serve experience without account management. For a detailed comparison, see our Best Invoice Finance Companies UK 2026.
Pros and Cons
Skipton Business Finance: Invoice financing solutions with tailored support, expert service, and fast access to working capital. See our review.
