Yes — a previously dormant company that has restarted trading is eligible to apply. The key difference from a straightforward established-business application is that your recent filed accounts may show no activity, so we place greater weight on current trading evidence and short-term financial projections.
What counts as evidence of restarted trading
We typically look for at least a few months of genuine trading activity after the restart. Useful evidence includes bank statements showing revenue receipts, signed customer contracts or purchase orders, VAT returns (if applicable), and current management accounts. If the company traded actively in a prior period before going dormant, those historic accounts also help us understand the business model.
Why the dormancy period matters
A long dormancy — several years, say — means the market context may have changed and the previous trading record carries less weight. A brief dormancy (for example, a company paused during a restructure and now relaunched) is viewed more favourably because the trading DNA is essentially continuous. Either way, be clear in your application about the reason for dormancy and the plan going forward.
Which product suits a restarting company
- Credicorp Slice — spreading a specific supplier invoice over 3–4 weeks is often the lowest-friction entry point for a company still rebuilding its track record.
- Business Loan — available once we have sufficient trading evidence to support a fixed repayment schedule.
- Credicorp Flex — a revolving facility typically requires a more established cashflow pattern before we can size the limit reliably.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Can a newly incorporated company apply for a business loan?, Can a community interest company apply for business finance?.