Aberdeen has long been the centre of the UK's offshore energy industry, and its business base reflects that. Alongside oil and gas operators and the engineering supply chains that serve them, the city now hosts a growing offshore-wind and energy-transition sector, a busy harbour and marine economy, food processing and fishing, and the professional and technical services that sit around all of it. Credicorp lends to Aberdeen limited companies and LLPs only, for genuine business purposes — never to individuals or sole traders. We are the lender, not a broker.
The Aberdeen business picture
The North-East economy is heavily project-driven. An engineering or fabrication firm may win a larger contract and need working capital before that contract pays; a marine or harbour-services operator may need to fund equipment ahead of a busy season; an energy-supply-chain business may be carrying staged costs while it waits on staged fees. Aberdeen's diversification into offshore wind, hydrogen and decommissioning has widened the range of companies coming to us, but the underlying cash-flow question is usually the same — bridging the gap between doing the work and being paid for it.
Legitimate uses
- Working capital to fulfil a new order or contract in the energy or marine supply chain.
- Equipment, fit-out or vehicle purchases for a growing company.
- Bridging a gap between invoicing and payment on staged or project-based work.
- Covering seasonal or project-driven dips in income.
Flex or Slice
Credicorp Flex gives a company a flexible facility to draw on as working-capital needs rise and fall — useful where income is project-driven or seasonal. Credicorp Slice supports a one-off, clearly defined cost over an agreed repayment period, such as a planned equipment or fit-out purchase. If you are weighing the two, our guide to Credicorp Flex and Credicorp Slice explained sets out how each one works in plain terms. The rate, amount and term are always those set out in your own offer, based on your company's circumstances — there is no single advertised figure.
Scottish incorporation
An Aberdeen company or LLP is registered at Companies House like any other, carrying an "SC" company number (or "SO" for a Scottish LLP). That difference does not change how we assess you — we look at the same public register and your company's circumstances on exactly the same basis as a business registered elsewhere in the UK. For the wider regional picture, see business lending in Scotland, and for the nearest comparable city economy, business lending in Glasgow.
The protections position
Credicorp is an exempt business lender operating outside the FCA consumer-credit regime. Because we lend to incorporated businesses for business purposes, the Financial Ombudsman Service and FSCS do not apply to these agreements. We do not take personal guarantees from directors — the agreement is with the company itself, and you can read why Credicorp does not take personal guarantees for the full reasoning. Read your offer carefully and contact us with any questions before you accept.
See also: Business lending in Belfast and Northern Ireland, Business lending in Bradford, Business lending in Bristol.