Finance for limited companies with sharper rates.
Asset finance for UK limited companies of every size — from owner-managed start-ups through to £50m turnover groups. Underwritten on filed accounts and management info, with the sharpest pricing on the market.
Eligibility at a glance
- Min trading
- 12 months ideal; new-co considered
- Typical deposit
- 0–10% on prime; 15%+ on weaker
- Rate from
- 6.9% APR
- Max facility
- £5k – £2m+
- PG required
- Sometimes — depends on covenant strength
What actually moves the needle.
Filed accounts
Lenders pull the latest 1–2 years of filed accounts from Companies House plus often the prior year for trend. Profitable, stable trading at >£250k turnover unlocks the sharpest rates.
Management accounts
If the filed set is more than 9 months old, most lenders want recent management accounts — Profit & Loss and balance sheet, ideally with a forecast.
Bank statements
Last 3–6 months of business bank statements. Lenders look for stability, no consistent overdraft pressure, no returned payments.
Director profile
Director credit files pulled with consent. Strong personal credit + meaningful equity in the company strengthens the case and may remove the need for a PG.
Existing borrowing
Other asset finance, invoice finance, term loans and overdrafts factor into affordability. Bring a list — surprises slow deals down.
Realistic green-lights.
- Limited co. trading 3+ years, profitable, applying for £180k of plant — typically 0–5% deposit and prime rates
- Owner-managed Ltd, 12 months trading, growing turnover, £45k van — usually 0–10% deposit and rates from 7.9%
- Group of companies refinancing across multiple subsidiaries — possible via cross-guarantee structures
- Newly-incorporated Ltd with strong director track record — handled through new-start panel (see new-start page)
Where it gets harder.
- Loss-making years without clear narrative
- Recent overdrawn director's loan accounts of meaningful size
- Active County Court judgments against the limited company itself
- Companies under formal HMRC time-to-pay arrangements (workable but slows things down)
Have these ready and we'll move fast.
Reviewed by UK businesses
Sorted in 36 hours
"Bank wanted three weeks just to look at the file. AssetFi had the agreement signed and the digger paid for in 36 hours. Couldn't fault them."
Genuinely no fees
"I'd been stung by brokers before so I asked twice — really, no fees? Confirmed in writing. Got a sharper rate than my bank too. They've now done four vans for me."
Understood our cash flow
"We needed a CBCT scanner but our last accounts had a bad quarter. AssetFi went to specialist healthcare lenders, came back with three options and explained each properly. Brilliant."
Common questions.
Will I need to give a personal guarantee as a limited company director?
It depends. On strong, profitable Ltd companies with 3+ years trading and tangible balance sheet, the answer is often no. On younger or weaker Ltds, yes — but PG is usually limited to a percentage of the facility and the lender's first recourse is the asset itself.
Does asset finance qualify for full expensing?
Hire purchase agreements typically qualify for full expensing — 100% write-off in year one against corporation tax. Finance leases do not (they're rental expenses). Always confirm with your accountant — see HMRC's CA23165 for specifics.
How quickly can a limited company get a decision?
On clean profiles with current accounts, 24 hours is standard. On larger facilities (£250k+) where the lender wants management accounts and a forecast, 48–72 hours is more realistic.
Can I refinance assets owned by the company?
Yes — sale & HP-back is one of the most flexible ways to release working capital. We'll value the asset, pay you up to 90% of the open-market value, and the asset stays in use under a new HP agreement.
See if a deal works for you.
Soft search only. We'll come back inside 24 hours with a real-world view.
Other borrower types