Credicorp lends across the whole of the United Kingdom, and that includes companies registered and trading in Wales — from Cardiff, Newport and Swansea down to the valleys, and across rural Mid and North Wales. We lend to UK limited companies and LLPs only, for genuine business purposes. We do not lend to individuals or sole traders, and we are the lender rather than a broker. Welsh companies are registered at Companies House on the same basis as English ones, so applying works in exactly the same way.
The Welsh companies we see
Wales has a broad and resilient business base, and the incorporated firms we fund span several of its mainstays:
- Manufacturing & advanced engineering — Wales has a strong industrial heritage, from steel and automotive supply chains to aerospace and electronics clusters. Manufacturers often carry raw materials and work in progress long before they invoice, which creates a working-capital gap. See Funding for UK manufacturing companies.
- Agriculture & food production — farming, dairy, and food-and-drink producers face long lead times and seasonal income. Our guidance on funding for food and drink producers covers the cash-flow realities of stockholding and seasonal demand.
- Tourism & hospitality — Wales' coastline, national parks and visitor economy support a large hospitality sector that earns much of its income in a short season. See funding for hospitality businesses.
Seasonality and cash flow
Like other nations with a big visitor economy and an agricultural base, Welsh trading is often shaped by the calendar. A company may earn the bulk of its revenue in summer or at harvest, then need to cover fixed costs through quieter months. Short-term business finance is built for exactly that kind of timing mismatch — covering a genuine gap, not propping up a loss-making position.
Choosing between Flex and Slice
For a recurring or hard-to-predict need, Credicorp Flex gives your company a facility to draw against as working-capital pressures rise and fall — which can suit a seasonal business well. For a defined, one-off cost — a piece of plant, a specific invoice, a contract you need to fund up front — Credicorp Slice gives a fixed term and a clear repayment schedule. The rate, amount and term are always the ones set out in your own offer, based on your company's circumstances.
What to keep in mind before you borrow
Because we lend only to incorporated borrowers for business purposes, this sits outside the FCA consumer-credit regime. That means the Financial Ombudsman Service and FSCS protection do not apply — our guide to the exempt business lending market explains what that changes and what protections remain. We take no personal guarantees from directors; lending is to the company itself. If you run a Welsh limited company or LLP and anything in your agreement is unclear, ask us before you sign.
See also: Business lending in Belfast and Northern Ireland, Business lending in Bradford, Business lending in Bristol.