Sometimes another party needs to see what the company owes on its Credicorp facility — a new lender assessing the business, a buyer in due diligence, a landlord, or your own auditor. A statement, or a settlement figure, is the evidence they need.
For the current outstanding balance
Your latest statement shows the outstanding balance as at the statement date, which is usually enough for a third party who wants to understand the company's liabilities. See how to read your statement of account and is my statement an official document.
For an exact figure to close or refinance
If the third party needs the precise amount to clear the facility — for example a refinance that will pay us off — a settlement figure is the right document, because it is the exact closing amount valid to a stated date. See requesting a settlement figure for your loan and the difference between your balance and a settlement figure.
Sharing it safely
Statements and settlement figures contain company financial data, so share them through a secure channel rather than plain email. See how to share a statement securely with a third party.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance arranged outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or the FSCS, though you can still raise a complaint with us and we will handle it fairly.
See also: Requesting a settlement figure for your loan, The difference between your balance and a settlement figure, How to share a statement securely.