Corporation Tax is due nine months and one day after your accounting period ends. A strong trading year can still leave a company short of liquid cash when that deadline arrives, especially if profits were reinvested into stock, equipment or hiring. A Credicorp facility lets a UK limited company or LLP meet the bill on time and repay over an agreed term.
When this makes sense
- You had a profitable period but cash was put back into the business.
- A large receipt is expected after the tax deadline, not before.
- You would rather protect supplier and payroll cash than dip into reserves.
How the facility works
Apply as a company for a business purpose. If approved, you draw the amount you need and pay HMRC. Repayment follows the schedule, rate and term set out in your offer document — we never quote a price in advance of underwriting. The loan is to the company; no director personal guarantee is taken.
Before you borrow
Make sure the tax figure is settled with your accountant and that your forecast supports the repayments. As an exempt business lender, Credicorp sits outside the FCA consumer-credit framework, so the Financial Ombudsman Service and FSCS do not apply. Choose between Credicorp Flex and Credicorp Slice based on which repayment shape suits your cash cycle.
See also: Funding a quarterly rent or business rates bill, Managing cashflow around a Corporation Tax or VAT bill and Can I change my monthly payment date?.