Yes, and it is a good question because it gets to the heart of how we assess. High turnover looks impressive, but what actually matters for a repayment is headroom — what is genuinely left over after costs. A thin-margin business can still borrow well if that headroom is real and steady.
Headroom, not headline
We do not lend against turnover; we lend against affordability — the money that remains once outgoings are met — what does assessing affordability mean. A £2m-turnover business with wafer-thin margins may have less true headroom than a smaller, tighter-run company. The bank feed shows the real flow, so the picture is honest — how we decide whether to lend.
Request an amount your genuine headroom supports, not one your turnover suggests — does applying for a larger amount make a decline more likely. Over-asking against thin margins is a classic route to a smaller offer.
Model it honestly
Use the affordability tool at Credicorp Tools to see what your real margin can carry. Thin-margin sectors are covered at Credicorp for Sectors.
Apply for what your margins truly support.
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: What does 'assessing affordability' actually mean?, Does applying for a larger amount make me more likely to be declined?, How we decide whether to lend?.