There is no fixed lock-out. If your circumstances have genuinely improved — more trading history, filings brought current, existing debt reduced — re-applying can make sense sooner rather than later. The real question is not "how long has passed" but "has the picture actually changed".
Change, not the calendar
Re-applying with the same picture that led to a decline tends to lead to the same result. Re-applying because something material has improved is a different proposition. What counts as improvement is set out in what strengthens an application, and the general timing guidance in how long to wait before re-applying after a decline.
A previous decline is treated in context, not held against you indefinitely — does a previous decline stay on record when i re apply. Fresh, positive evidence carries weight.
Make it count
Before re-applying, check what specifically changed: has a few more months of steady trading built? Are filings current? Is existing strain lower? If yes, you are re-applying from a stronger place. Avoid scattering repeat attempts, though — does applying more than once hurt my chances. To see the effect of the improvement on affordability, use Credicorp Tools.
When something real has changed, apply again.
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: How long to wait before re-applying after a decline?, What strengthens an application?, Does a previous decline stay on record when i re apply.