Yes. A company owned by another company — a subsidiary — can apply in its own name, provided it meets the same core requirements. The borrower is the applicant company itself; who owns it does not change that, though the ownership picture is part of the context we consider.
The subsidiary applies for itself
Eligibility rests on the applicant: a UK limited company or LLP, enough trading history, its own business bank account and a genuine business purpose. A subsidiary that meets those can apply. Group and holding-company structures are covered directly in can a holding company or group company apply.
The subsidiary needs its own UK business account in its own name — we assess that account's activity. Where a group runs money through a single account, the picture is less clear, so clean separation helps. See which business bank accounts you can connect.
Where the parent comes in
Genuine connections in a group can be relevant to the wider risk picture, but a healthy subsidiary is assessed on its own trading. Sharing a director across the group is fine — can i apply if a director is shared with another business. If the applicant is itself the parent, see holding-company applications.
Apply in the subsidiary's own name.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: Can a holding company or group company apply, Can I apply if my company shares a director with another business?, Which business bank accounts you can connect?.