Statements

A PDF statement is perfect for filing and sharing, but for analysis your accountant or finance team often wants the numbers in a spreadsheet. Here is how to get there.

Downloading the source data

Your statements are available as PDFs from your portal — see how to download your statement as a PDF. Where a data export (such as CSV) is offered for a facility, you will find it alongside the PDF in the Statements area; if you cannot see one, ask support what export formats are available for your account.

Getting the figures into a spreadsheet

1. Prefer a data export if one is offered. A CSV opens directly in Excel or Google Sheets with each transaction on its own row — no retyping.
2. Otherwise, transcribe the key lines. From the PDF, copy the transaction list into your sheet — date, description, amount and running balance. See the transaction list on your statement explained.
3. Reconcile against your bank feed. Match each Credicorp line to the corresponding entry in your bank statement so nothing is missed. See using statements to reconcile your facility.

For posting into accounting software rather than a plain sheet, see how to reconcile a statement against your bookkeeping software.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: How to download your statement as a PDF, The transaction list on your statement explained, Using statements to reconcile your facility.

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Regular statements cover fixed periods, but businesses sometimes need a record that spans different dates, for example to support a finance application, an audit, or a specific reporting window. We can usually help.

When a custom range is useful

• Providing a lender or investor with activity over a defined window.
• Matching a reporting period that does not align with your statement dates.
• Pulling together activity around a particular event or transaction.

How to request one

The quickest route is to download the regular statements that cover the dates you need and pass on the relevant ones. If you need a single document for a non-standard range, contact our support team with your account reference and the exact start and end dates. The more precise you are about the dates and the purpose, the faster we can produce something that fits.

What a custom record will and will not be

Any custom record is drawn from the same underlying account activity as your regular statements, so the figures will reconcile. It is a record of what happened, not a forecast or a quotation, and it will not state new pricing, since the rate that applies is the one already set out in your offer. As Credicorp lends only to UK limited companies and LLPs, any record we produce relates to your company's facility.

See also: What do the statement period dates mean?, Can I change my Slice instalment dates? and Statement glossary: statement period.

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Not everyone finds standard A4 typeface in small print easy to read, and not everyone uses email or paper letters in the same way. We can adapt how we send you information without making a fuss about it — please just let us know.

Alternative formats we can usually offer

• Large print. A larger typeface (typically around 16 to 20 point) on standard A4 — useful for visual impairment or when small print is straining.
• Plain language summary. A short, plain-English summary of a longer letter, on request.
• Accessible electronic format. Documents sent as plain text or as accessible PDFs that work properly with screen readers.
• Different channel. If post is not working for you, we can send documents by email instead (or vice versa).

How to ask

The simplest route is the Additional Support Needs form. Tell us what format works for you and we will record it on your account so all future correspondence comes through that way. If you only need a single document in a different format — for example a large-print copy of one statement — use the General Support Enquiry form and tell us which document and which format.

If someone else needs to help you read your correspondence

If a friend, family member or advocate helps you handle your post, we can put a note on the account so they can be present on calls and so we know to send documents in a way that suits the arrangement. We may ask you to confirm in writing who is authorised to speak with us. Free, independent advice on all of this is available from Citizens Advice and from the RNIB if a visual impairment is involved.

What we will not do

We will not charge you for providing information in an accessible format. This is a basic requirement under UK equality law and we treat it as standard practice rather than an extra. Equally, asking for an alternative format will never affect how your account is treated in any other way.

See also: Accessibility and additional support, Can I get my documents in large print?, Funding for print and signage companies.

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Your statements should be usable for everyone who needs to read them. If the standard PDF is hard to work with — you need large print, a screen-reader-friendly version, or a different format — we can help.

Accessible formats

We can provide statements and loan documents in large print and other accessible formats on request. Tell us what you need and we will arrange it. See requesting an accessible-format statement and loan documents in large print or another format.

If a colleague or adviser reads them for you

You can also have your accountant, bookkeeper or a trusted colleague deal with statements on the company's behalf, with the right authority in place. See giving your statement to your accountant or bookkeeper and can an accountant deal with us on your behalf.

Extra support generally

If you need more time or plainer language on any part of managing the account, just say — see extra time and plain language on calls and accessibility and additional support.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Requesting an accessible-format statement, Loan documents in large print or another format, Accessibility and additional support.

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Your Credicorp statements are records of your company's facility, so sharing them with the people who keep your books is entirely expected. Accountants and bookkeepers rely on them to reconcile the account and prepare your accounts.

The cleanest way to share

• Download the statement as a PDF from your account.
• Send the file to your adviser through whatever secure channel you normally use, for example your accounting software's document area or a shared drive.
• Include the statement period in the file name so they can see at a glance what it covers.

If they need ongoing access

Rather than forwarding every statement by hand, you may prefer to authorise a finance team member to access the account directly. Because the facility belongs to your company, you control who can manage it on the company's behalf. Speak to our support team about the options available for your account.

Keeping it secure

Statements contain commercial information about your company, so treat them like any sensitive financial document. Share them only with people who genuinely need them, and avoid sending them over insecure channels. Note that as an exempt business lender, your facility sits outside the consumer credit regime, so the protections that apply to personal borrowing, such as the Financial Ombudsman Service, do not apply here.

See also: How long should I keep my statements for audit and Companies House?, Can a facility replace an unreliable business overdraft? and Can I give my accountant access to my account?.

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Your Credicorp statement is a record of activity on your company's facility, and your accountant will often use it when preparing VAT returns and your Corporation Tax computation. It is a supporting record rather than a tax document in its own right.

Where it helps

• Showing the cost of borrowing applied over the period, at the rate set out in your offer, which your accountant may consider in your accounts.
• Reconciling the facility so the figures in your accounts and returns are supported.
• Providing a clear audit trail if HMRC or your auditor asks how a figure was arrived at.

What it is not

A statement is not a VAT invoice and does not itself decide how anything is treated for tax. How the cost of business borrowing is handled in your accounts and returns depends on your company's circumstances and the relevant rules at the time.

Talk to your adviser

We can show you what happened on the facility, but we cannot give tax advice, so your accountant or tax adviser should confirm the treatment. Because Credicorp lends only to UK limited companies and LLPs for business purposes, the facility is a company arrangement throughout, which is why these documents belong in your company's records.

See also: Is my statement an official document I can rely on?, How to read your statement of account, What is the summary panel at the top of my statement?.

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A cash-flow forecast is only as good as its inputs, and your Credicorp statement is a reliable input for one recurring outgoing: your loan. Using it well makes your forecast more accurate and your payments safer.

Pull the recurring outflow

Your statement and schedule tell you exactly what leaves the account and when, for the rest of the term. Drop each future collection into your forecast on its date so the loan is never a surprise line. See what your payment history tells you and using statements for management accounts.

Line it up against income

With the collections mapped, set them against expected receipts to spot any week that looks tight. See building a simple cash-flow forecast and planning payments around seasonal income.

Act on what you see

If the forecast flags a difficult month, you have time to build a buffer or talk to us. See paying ahead to build a buffer and my business cash flow is tight this month.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Building a simple cash-flow forecast, What your payment history tells you, Using statements for management accounts.

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Your accountant works faster when a statement arrives with a little context. You do not need to do their job — just flag anything that is not self-explanatory so they are not left guessing.

What is worth noting

Point out anything unusual: a one-off overpayment and whether it was meant to shorten the term, a payment made from a group or personal account, a period affected by an arrangement, or a charge you queried. See a lump-sum overpayment and paying from personal funds.

How to do it

A short covering note alongside the PDF, or comments in the shared accounting software, is usually enough. Keep the statement itself unaltered as the official record — annotate around it, not on it. See giving your statement to your accountant.

Provide the full picture

For year-end, give the complete set plus a year-end summary so nothing needs chasing. See a statement covering your financial year and what goes on a year-end summary.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Giving your statement to your accountant or bookkeeper, Using your statement to forecast cash flow, What goes on a year-end summary.

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An entry you don’t immediately recognise is usually explainable — a payment that cleared on a different day than you expected, interest for the period, or a repayment posted under a reference you’d forgotten. Here’s how to work it out before raising it.

Work through it

• Note the date and amount of the line and open your bank statement for the same window.
• Match it to a credit (a drawdown) or a debit (a repayment) around that date — weekends and bank holidays shift clearing by a day or two.
• If it’s an interest line, compare it to the schedule on your Key Information Sheet.
• Check whether a colleague or your bookkeeper made a payment you weren’t expecting.

If it still doesn’t add up

If, after that, an entry genuinely doesn’t belong, raise a query. Quote the date, amount and description from the statement so we can trace it quickly. Because the figures are fixed up front, a real discrepancy is rare — but if there is one, we’ll find and fix it.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: The transaction list on your statement explained, I think there is an error on my statement, Correcting an error or query on your statement.

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You do not have to take a statement on trust — a one-minute arithmetic check confirms it is internally consistent. If the numbers tie, the statement is sound; if they do not, you have found something worth querying.

The check

1. Start from the opening balance. Note the figure at the top of the period. See what the opening balance means.
2. Add the charges, subtract the payments. Work down the transaction list: add interest and fees, subtract repayments and overpayments. See the transaction list explained.
3. Compare to the closing balance. Your running total should match the closing balance shown. See reading the running balance.

If it does not tie

A mismatch usually means a transaction you missed or one that looks wrong. Trace it and, if it still does not make sense, raise it. See how to check a statement line you don't recognise and I think there is an error on my statement.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

Why the check is worth a minute

Running this arithmetic once when each statement arrives means you catch a mis-posted charge or a mis-timed payment while it is still small and easy to fix, rather than discovering it at year-end when it is tangled up with everything else. It also builds your own confidence in the numbers — once you have seen a statement tie out from opening to closing balance a few times, you can trust the process and skim future ones quickly, only slowing down when something does not sit right. See how often to check your statement.

See also: Reading the running balance, The summary panel at the top of your statement, I think there is an error on my statement.

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Your accounts need the loan balance as at your year-end date — not today’s, and not an approximation. You can pull that exact figure so the liability in your accounts is correct to the penny.

How to get it

• Generate a custom-range statement ending on your year-end date.
• Read the closing balance at that date.
• Note it, with the statement, for your accountant.

Why the date matters

Borrowing moves — repayments reduce it, drawdowns add to it — so the balance on your year-end date can differ from the balance a week either side. Using a statement that ends exactly on your accounting date removes any doubt. If a repayment or drawdown was in transit over that date, note it: it may sit differently in your bank than on the statement until it clears.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to get a statement for your VAT quarter, Can I get a statement for a custom date range?, How to put together a year-end pack.

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Every issued statement is stored in your Credicorp account portal and can be downloaded at any time. You do not need to contact support to retrieve a past period — simply navigate to the right facility and select the month you need.

Finding the right statement

• Sign in to your account at clients.credicorp.co.uk.
• Open the facility the statement relates to (your Business Loan, Flex facility, or Slice account).
• Go to the Statements section — your history is listed by period, most recent first.
• Locate the month you want and click the download icon or PDF link next to it.
• Save the file to your chosen location, such as your accounting software's document store or a shared drive folder.

Statement periods and availability

Statements are generated at the end of each billing period. If the month you need is not yet listed, it may not have been issued yet — statements for the current incomplete period are not available until the period closes. Older periods remain accessible in your full statement history. If you need a range of months for your accountant or a year-end review, you can download each period individually as a separate PDF.

Tips for filing downloaded statements

Naming files consistently saves time later. A format such as Credicorp-Flex-2025-03.pdf (company-facility-year-month) keeps a year's downloads in chronological order automatically. Many finance teams keep a dedicated folder in their accounting platform or cloud drive for facility statements.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: How do I request a settlement figure for my loan?, Getting a statement ready to share with your accountant, How do I make sure I download a statement every month for my records?.

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Your statements are available to view and download whenever you are signed in to your Credicorp account. Saving a PDF copy is the easiest way to file it, attach it to an email, or pass it to your bookkeeper.

Step by step

• Sign in and open the account the statement relates to.
• Go to the statements area for that facility.
• Find the period you want in the list of issued statements.
• Choose the download or PDF option next to that statement.
• Save the file somewhere your finance team can find it.

Tips for keeping copies tidy

It helps to name saved files consistently, for example by company, facility and period, so a year's worth of statements sorts neatly in a folder. Many businesses keep a dedicated folder in their accounting software or shared drive for exactly this.

Good to know

The PDF is a faithful copy of the statement as issued, so it carries the same layout and the same figures you see on screen. If you need a statement for a period that is not yet showing, it may simply not have been issued yet. As a UK business lender we keep your company's statement history available to you, so older periods remain accessible too. To get started, sign in to your account and open the statements area for your facility.

See also: How to reconcile your Credicorp statements against your books, The Business Purpose Declaration: what you're signing and Can I give my statement to my accountant or bookkeeper?.

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When you need more than one month — a full quarter, a year, or everything for a lender — you don’t have to open and save each statement separately. You can pull the whole range in a single step.

Two quick routes

• A single combined statement — use Statements > Custom date range and set the whole period; you get one continuous document.
• A bulk export — from the statements list, select the months you want and export them together.

Which to use

For reconciling your books, a CSV export over the full range imports most cleanly. For handing to a person to read — an accountant, a lender — a combined PDF is easiest. Either way it saves the click-by-click grind. Because everything reconciles against your fixed schedule, a longer range is no harder to check than a single month.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to download a statement for a specific month, Finding an old statement in your history, How to export your account history.

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Applying for other finance, a lease or investment usually means showing what you already owe. Your Credicorp documents give a clean, credible picture of your facility.

What to provide

• Your latest statement showing the current balance.
• The Key Information Sheet setting out the term and cost.
• A short account history export if they want to see conduct over time.

Presenting it well

Provide fresh downloads for the exact period asked for, and share only what the request needs. A clean repayment record is a positive signal, so it’s often worth including. Remember the facility is with the company and carries no personal guarantee — that can matter to how another lender views your risk. Send documents, never your login.

Credicorp lends to UK limited companies and LLPs, not to individuals. The agreement is with the company and carries no director personal guarantee. Because this is business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or the FSCS — our own complaints process is the route if something goes wrong.

See also: How to share a statement securely with a third party, Is my statement an official document I can rely on?, How to download your agreement and KIS.

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When the loan balance in your books doesn’t match your statement, the culprit is almost always timing — a payment that’s left your bank but not yet posted, or vice versa, across a weekend or month-end. Here’s how to confirm that before raising anything.

Find the timing difference

• List any repayments or drawdowns near the cut-off date.
• Check the date each one cleared your bank versus the date it posted to the statement.
• A payment that’s cleared your bank but not yet on the statement (or the reverse) is a timing difference, not an error — it self-corrects in the next period.

If it isn’t timing

If, after allowing for in-transit items, a genuine difference remains, raise it with the date, amount and description. Because interest is fixed up front and simply calculated, real discrepancies are uncommon — but we’ll trace and fix any that exist.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to reconcile a statement in your accounting software, Using statements to reconcile with your bank, How to check a statement line you don’t recognise.

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Closing a facility doesn’t make its history vanish. While your account remains open, statements for a closed facility stay available to download; keeping your own archive covers you beyond that.

Where to look

• Sign in and go to Statements or Documents.
• Use the filter to include closed facilities or an older date range.
• Download the statements you need.

Plan for the long term

Business records should be kept for at least six years, and you may need a closed facility’s figures long after it ended — for an audit, an enquiry or a sale. So don’t rely solely on the portal: download and archive the closing statement and year-end summary when you settle. If you’ve closed your whole account and can’t sign in, contact us and we’ll help you obtain historic records, verifying your authority first.

Most of this is self-service in your customer portal, which is the fastest route and available at any time. Where a change needs our team to verify it, we say so and give a realistic turnaround so you can plan around it.

See also: Finding an old statement in your history, How long to keep your statements, How long do you keep my records?.

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Past statements do not disappear once a new one is issued. They are filed in your account so you can look back over the life of your facility whenever you need to, whether for an audit, a year-end, or a query from your accountant.

Where to look

• Sign in and open the relevant account, Credicorp Flex or Credicorp Slice.
• Open the statements area, where issued statements are listed by period.
• Scroll back, or use any date filter on the page, to reach the period you want.

If you cannot find a particular period

First check you are looking at the correct facility, since a company with more than one account will have separate histories. If the period still is not there, it may predate the first statement issued on the account, or it may not have been generated yet. Our support team can confirm what should exist and help you retrieve it.

Keeping your own archive

Even though we retain your history, many finance teams download a copy of each statement as it is issued so they always have it to hand offline. This is good practice for any business record. Because the facility belongs to your company, anyone you authorise to manage the account can access the history on the company's behalf.

See also: Can I get a statement for a custom date range?, What do the statement period dates mean?, What is the summary panel at the top of my statement?.

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When you need to point to a specific payment — for an audit, a query, or your own reconciliation — you need the statement it landed on. Finding it is quick if you work from the date.

How to locate it

• Note the date the payment cleared your bank.
• Open the statement covering that period in your history.
• Find the line matching the amount and reference.

Watch the cut-off

A payment made near the end of a statement period may fall on that statement or the next, depending on when it cleared — so if it’s not where you expect, check the adjacent period. Weekends and bank holidays shift clearing by a day or two. Once you’ve found the line, download that statement and pair it with your bank record for a complete evidence trail.

Most of this is self-service in your customer portal, which is the fastest route and available at any time. Where a change needs our team to verify it, we say so and give a realistic turnaround so you can plan around it.

See also: Finding an old statement in your history, How to prove a payment if it’s queried, What the statement period dates mean.

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If your accountant needs the total interest and fees your company paid on its Credicorp facility over a financial year, there are two ways to get that figure: the year-end summary document, or by totalling the relevant lines across your monthly statements for the year.

The year-end summary

Your account includes a year-end summary document that consolidates the key figures for a full financial year. This shows the total cost of credit charged during the period — which your accountant can use directly as the borrowing cost to post to your profit and loss account. It is available in your portal once the relevant year has closed. If your company's financial year does not match the calendar year, you may need to combine two summary periods or use the monthly statements to cover the exact dates of your accounting year.

Using monthly statements to total interest

Each monthly statement shows the interest or fee charged for that period as a separate line. To build an annual total, download each statement for the months that fall within your financial year and add up the interest or fee lines. For a Business Loan with fixed repayments, the repayment schedule your accountant holds at the outset already shows the interest element of each payment for the full term.

Which product you have makes a difference

• Business Loan — interest is built into the fixed repayments; the repayment schedule shows the split.
• Flex — interest is charged monthly based on your drawn balance; each statement shows the period charge.
• Slice — the cost is a flat 6% fee per bill, not interest; the fee line on each Slice statement is the total cost of that facility.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, What records do I need at year end for my Credicorp facility?, What does my statement show about interest charged?.

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Sometimes you don’t want a full statement — you just want the headline: what do we owe, and what’s next. You can get that snapshot in seconds.

Where to see it

• Your dashboard shows the current balance and the next payment date and amount.
• Account > Facility shows the same, plus headroom on a Flex line.
• For a shareable version, a short-range statement or export gives it on paper.

Using it

This live snapshot is ideal for a quick internal answer, a board note, or confirming a figure before an overpayment. For anything formal — a lender, an audit — use a dated statement instead, so the figure is evidenced as at a specific day. Because the numbers are simple and current, the snapshot and a statement will always tell the same story.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to pull a borrowing summary for a board meeting, How to confirm your closing balance at year end, What the Credicorp dashboard shows.

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At year-end your accountant needs the full picture of the facility across your company's financial year, not just the latest period. Getting the complete set together in one go saves a lot of back-and-forth.

Pulling the full year

1. Know your accounting period. It runs to your accounting reference date at Companies House — often, but not always, the calendar or financial year-end. Confirm the exact start and end dates with your accountant.
2. Download every statement in that window. Pull each period's PDF from your portal for the months your financial year covers. See how to download a statement for a specific month and finding an old statement in your history.
3. Or request a custom date-range statement. If a single document spanning the whole year is more useful, request a custom range covering your accounting period. See a statement for a custom date range.

What your accountant does with it

They use the full-year figures to post the cost of borrowing, reconcile the facility and prepare statutory accounts. A year-end summary showing total interest paid is often the single most useful figure — see what a year-end summary document is for and using your statement for VAT and Corporation Tax.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: A statement for a custom date range, What a year-end summary document is for, Year-end records and your Credicorp facility.

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If you can’t get into the portal — a login problem, a device issue, or you’ve closed the account — you can still obtain a statement. It just goes through a verified request rather than self-service.

Your options

• First, try the usual login fixes — reset your password, use a different browser or device.
• If access still fails, use the statement-request form or contact support.
• Tell us the account, the period you need, and where to send it.

Why we verify

Because a statement contains your company’s financial information, we confirm the request is from an authorised person before we send anything — that check is exactly what keeps your figures out of the wrong hands. Once verified, we’ll get you the statement securely. If the login issue is fixable, restoring your access is the fastest long-term answer, since it puts self-service back at your fingertips.

Whenever a change touches money, access or your company’s data, we verify the request is genuinely from an authorised person before we act. We will never ask you to confirm full security details by email or phone to release information or push through a change — if a message pressures you to do that, treat it as suspicious and contact us to check.

See also: How to fix the portal when it won’t sign in, How do I request a statement of account?, Can I get a statement for a custom date range?.

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Re-typing figures invites errors. Exporting your statement as a CSV lets your accounting software read the transactions directly, so reconciliation is a match-and-confirm rather than manual entry.

How to export CSV

• Go to Statements or Account > Activity and choose Export > CSV.
• Set the date range you’re importing.
• Save the file and import it into your software’s bank/loan feed or manual import.

Mapping the columns

The CSV includes the date, a description, the amount and the running balance — the fields most packages expect. Map drawings to the loan account as increases, repayments as decreases, and interest to your finance-cost account. Because the figures are fixed and simple, once the mapping’s set the first time, every future import is a two-minute job.

If your software prefers a specific date or amount format, most let you set that on import; do it once and save the template. And keep a copy of the raw CSV with your records — it’s the source your imported figures came from, so it’s worth having if a number is ever queried later.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to reconcile a statement in your accounting software, How to export your account history, How to download several months at once.

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Due diligence often comes with a deadline — a lender, buyer or supplier wants to see a statement today. The fastest route is nearly always to get it yourself rather than wait for a request to be processed.

Producing one fast

1. Download the latest statement from your portal. The most recent PDF is available immediately and shows the current position. See how to download your statement as a PDF.
2. If they need a specific period, use a custom range. See a statement for a custom date range.
3. If they need an exact payoff, request a settlement figure. A statement shows the balance; a settlement figure is the exact amount to clear us. See requesting a settlement figure.

Send it securely

Use the recipient's secure portal rather than open email. See how to share a statement securely and giving a lender a statement for refinancing.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

Be ready before the request comes

The reason self-serve is fastest is that a recent statement is already sitting in your portal as a PDF — there is nothing to wait for. Keeping a habit of downloading each statement as it is issued means that when a lender, buyer or supplier asks at short notice, you are handing over a document in minutes rather than raising a request and waiting. For due diligence, having the last few statements and a year-end summary already filed turns a stressful ask into a non-event. See filing your statements for the year.

See also: How to download your statement as a PDF, Giving a lender a statement for refinancing, Proving your loan balance to a third party.

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When all your accountant needs is the finance cost, a full transaction list is more than necessary. You can isolate the interest charged over a period so the figure lifts straight into your books.

How to get it

• Open a custom-range statement or export for the period.
• Read the total interest charged for that range, or filter the export to interest lines.
• The year-end summary gives the full-year interest in one figure.

Using the figure

Interest on a business loan is generally an allowable finance cost for Corporation Tax; your accountant confirms the treatment. Because interest is simple and fixed, the isolated figure reconciles against your schedule with no adjustments to hunt for. Keep the supporting statement with it so the number is evidenced, not just asserted.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to get the total interest figure for your tax return, Getting a record of total interest paid over the year, How to understand the interest on your statement.

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If your VAT quarters don’t line up with calendar months, a statement that matches your exact VAT period saves you slicing figures out of two documents. You can set a custom date range so the statement covers precisely the quarter you’re filing.

How to do it

• Go to Statements > Custom date range.
• Enter the first and last day of your VAT quarter.
• Generate and download the statement for that exact period.

A note on VAT

Interest on a business loan is generally outside the scope of VAT, so it usually doesn’t go on your VAT return the way a standard-rated cost does — but your accountant will confirm the correct treatment for your business. The custom-range statement is there to give you clean figures for whichever return needs them; how they’re reported is a matter for your adviser.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Can I get a statement for a custom date range?, Using your statement for VAT and Corporation Tax, How to get the total interest figure for your tax return.

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Your Credicorp statements are company financial records, and sharing them with your accountant or bookkeeper is entirely standard. They use them to reconcile the facility in your management accounts, post the cost of borrowing to the right nominal codes, and prepare your statutory accounts.

The quickest way to get a statement to your accountant

• Sign in to your account and open the relevant facility.
• Navigate to Statements and find the period your accountant needs.
• Download the statement as a PDF.
• Send the file through your normal secure channel — most accountants accept documents via their client portal, a shared cloud folder, or encrypted email.

Giving your accountant multiple periods at once

For year-end work your accountant will typically need every statement issued during the financial year. Download each period individually and name the files clearly — for example by facility and month — so they can see at a glance what is covered without opening every file. Some firms prefer a single folder per financial year containing all statements for all facilities.

If your accountant needs a running record of interest

Many accountants want to see total interest and fees paid over the year as a single figure. While individual statements show the charge for each period, your year-end summary or a custom date-range statement may be more efficient to provide. You can also ask your accountant whether they want the detailed transaction-level statements or a summary document — both are available in your portal.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, Year-end records and your Credicorp facility, How do I share a statement securely with a lender or landlord?.

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If you’d rather not remember to log in, you can have each new statement pushed to you. Depending on your preference, that’s either the statement notice with a secure link, or the document itself where that suits you.

How to enable it

• Go to Account > Contacts & notifications > Statements.
• Turn on notify me when a new statement is ready.
• Choose the recipient — you, a shared inbox, or your bookkeeper.

A note on security

Because statements contain your company’s financial information, we’re careful about emailing sensitive documents to unconfirmed addresses. The default and safest route is a notice that a statement is ready, which you then download from the portal. If you want documents themselves emailed, we’ll confirm the destination address is genuinely yours first.

Whenever a change touches money, access or your company’s data, we verify the request is genuinely from an authorised person before we act. We will never ask you to confirm full security details by email or phone to release information or push through a change — if a message pressures you to do that, treat it as suspicious and contact us to check.

See also: Will I be told when a new statement is ready?, How to download a statement every month, How to get notices sent to more than one email.

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If a standard PDF doesn’t work for you, we can provide statements and loan documents in an accessible format — large print, high-contrast, or another arrangement that suits your needs. You can ask for a one-off, or set it as your default so every statement arrives the way you need it.

How to request it

• Set an accessibility preference in Account > Contacts & notifications > Accessibility, or
• Ask through our forms or support, telling us the format you need and whether it’s a one-off or ongoing.

What we can offer

Common formats include large print and high-contrast versions; if you need something else, tell us and we’ll do our best to accommodate it. Setting the preference once means we apply it to future documents automatically, so you’re not repeating the request. Accessibility is part of treating customers fairly, and it costs you nothing to ask.

Most of this is self-service in your customer portal, which is the fastest route and available at any time. Where a change needs our team to verify it, we say so and give a realistic turnaround so you can plan around it.

See also: Can I get my documents in large print or another format?, How do I contact Credicorp support?, Changing your communication preferences.

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Interest on a business loan is generally an allowable finance cost for Corporation Tax, so getting the figure right matters. You can produce the exact total interest charged across your financial year without adding it up by hand.

How to get the figure

• Go to Statements and open the year-end summary, or export the period covering your financial year.
• Read the total interest paid line for that period.
• Give that figure, with the supporting statements, to whoever prepares your accounts.

Getting the period right

Match the export to your company’s financial year, which may not be the calendar year. Because interest is simple and fixed up front, the total on the summary reconciles against the schedule in your Key Information Sheet. We provide the figures and documents; your accountant decides how they’re treated for tax — this is record-keeping help, not tax advice.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Getting a record of total interest paid over the year, What counts as interest paid for your tax return, Using your statement for VAT and Corporation Tax.

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If the company is refinancing — moving the borrowing to a new lender who will pay us off — that lender needs clear evidence of what is owed and what it will cost to clear. Two documents cover it.

A recent statement for the picture

Give the new lender a recent statement so they can see the facility, the balance and the payment history. It shows them the shape of the borrowing they are taking on. See how to download your statement as a PDF and is my statement an official document.

A settlement figure for the exact payoff

To actually clear us, the new lender needs the exact settlement figure valid to the payoff date — the statement balance alone will not close the account. Request one and pass it on, watching the validity date. See requesting a settlement figure and why the statement balance differs from a settlement figure.

Share it securely

These are company financial documents, so send them through the new lender's secure portal rather than open email. See how to share a statement securely. Check first whether refinancing early triggers any settlement charge — see does early settlement save money.

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, Proving your loan balance to a third party, How to share a statement securely.

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If the company is subject to an audit, the auditor will want to see the borrowing evidenced independently. Your Credicorp statements and, where relevant, a settlement figure or balance confirmation are exactly what they need.

What the auditor is checking

They verify that the liability in your accounts matches the actual balance owed, that the cost of borrowing is posted correctly, and that payments reconcile. Your statements provide all three. See using statements for management accounts and keeping statements for Companies House and audit.

Providing the documents

Give them the full set of statements for the financial year plus, if they want the year-end position, a statement or balance confirmation as at the year-end date. See a statement covering your financial year and proving your loan balance to a third party.

Share it securely

Provide statements through the auditor's secure portal or your accounting software's sharing feature rather than open email. See how to share a statement securely.

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: Keeping statements for Companies House and audit, Proving your loan balance to a third party, How to share a statement securely.

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If your company is audited, or is heading for a sale or investment, a clean paper trail for your borrowing saves time and builds confidence. It’s easy to keep as you go.

What an audit trail needs

• The agreement and Key Information Sheet setting the terms.
• A run of statements covering the period under review.
• The year-end balance and total interest for each year.
• Any settlement confirmation for a closed facility.

Keeping it effortless

Download each statement monthly and file it by year; keep the KIS and agreement alongside. Because the figures are fixed and every movement is dated, the trail reconciles cleanly — an auditor’s dream. Retain records for at least six years. If your accountant has a read-only login, they can pull anything missing without a request to us.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Keeping statements for Companies House and audit, How long to keep your statements, How to put together a year-end pack.

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Your statements contain the company's financial detail, so they deserve the same care as any sensitive business document. Good habits keep them safe without making them a hassle to use.

Storing them

Keep statement PDFs in a secure, backed-up location — your accounting software, a permissioned cloud folder, or an encrypted drive — rather than loose in an email inbox. Restrict access to the people who genuinely need it. See filing your statements for the year.

Sharing them

When you send a statement to an accountant, lender or auditor, use a secure channel — their portal, a shared permissioned folder, or encrypted transfer — not plain email. See how to share a statement securely.

Getting them safely in the first place

Always download statements from your own signed-in account, not from a link in an unexpected message. See spotting a fake statement or scam and how long we keep your records.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

A simple, safe routine

The whole thing comes down to three habits: download statements only from your own signed-in account, store them somewhere permissioned and backed up rather than loose in an inbox, and share them through a secure channel rather than open email. None of that makes statements harder to use day to day — it just means the company's financial detail is not sitting where it could be intercepted or lost. Restrict access to the handful of people who genuinely need it, and review that list occasionally. See how to share a statement securely.

See also: How to share a statement securely, Spotting a fake statement or scam, Filing your statements for the year.

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On a revolving Flex facility you may draw several times for different reasons — stock one month, a VAT bill the next. Keeping a simple record of what each drawdown funded makes your accounts and decisions clearer.

A light record-keeping habit

• When you draw down, note the purpose against the date and amount in your own books.
• Use your account-level reference or cost code to tie the facility to the right project where possible.
• Match each drawdown on your statement to your note when you reconcile.

Why it helps

Linking finance to purpose shows you whether the borrowing is doing its job — funding genuine working-capital needs that pay back — and keeps your accounts meaningful. It also keeps borrowing disciplined: if you can’t name what a drawdown is for, it’s worth asking whether to make it. Keep the facility proportionate to turnover and every draw earns its place.

Most of this is self-service in your customer portal, which is the fastest route and available at any time. Where a change needs our team to verify it, we say so and give a realistic turnaround so you can plan around it.

See also: How to add a PO or cost code to your account, How to reconcile a statement in your accounting software, How to request a Flex drawdown.

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Your first statement can look a little different from later ones, simply because it covers the start of the facility. Knowing what to expect stops a normal first statement looking like a puzzle.

What you’ll typically see

• Your first drawdown (or the amount advanced) as the opening activity.
• Any partial-period interest if the facility started part-way through a period.
• Your first repayment, once the first collection has been taken.
• A running balance stepping from the amount advanced toward your schedule.

Sanity-checking it

Line the first statement up against your Key Information Sheet: the amount advanced, the first payment date and the interest should all match. If the first payment hadn’t been collected yet when the statement was produced, it simply appears on the next one. Anything that genuinely doesn’t match the KIS is worth a quick query.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: When will my first payment be taken?, How to read your statement of account, The summary panel at the top of your statement.

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Good records are a habit, not a scramble at year end. A light monthly routine keeps your borrowing evidenced as you go, so nothing has to be reconstructed later.

Set it up in two steps

• Turn on the “new statement ready” notification in Account > Contacts & notifications so you’re told the moment each one is available.
• When the alert arrives, download the PDF and file it with that month’s bookkeeping — or have your bookkeeper pull it via their read-only login.

Why monthly beats annual

Reconciling a single month while it’s fresh takes minutes; reconstructing a year takes an afternoon. Because your interest is simple and fixed up front, each statement should line up neatly with the repayment schedule on your Key Information Sheet — a quick monthly check catches any query while it’s small.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How often are statements issued?, How to download your statement as a PDF, Using statements to reconcile with your bank.

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A good habit for any director is to satisfy yourself that what appears on the statement matches what you agreed to. Every charge should trace back to a term in your Business Loan Agreement — nothing on the statement should be a surprise.

Checking a charge against your agreement

1. Identify the charge on the statement. Note the date, description and amount from the transaction list. See understanding the charges shown on your statement.
2. Find the matching term. Interest should match the rate in your offer; any fee should match a fee named in the agreement — the establishment fee, a late-payment fee, and so on. See how charges are disclosed before signing.
3. Query anything that does not tie up. If a charge does not correspond to a term you agreed, raise it with us. See I think a charge is wrong, how do I query it.

Where the figures come from

Your Key Information Sheet and offer set out the cost of borrowing before you sign, and the statement then shows it in practice — the two should reconcile. See what the Key Information Sheet shows and where to find the cost of credit before you sign.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Understanding the charges shown on your statement, What the Key Information Sheet shows, I think there is an error on my statement.

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Applying for a grant, a tender or a supplier framework often means evidencing the company's financial position, including any borrowing. Your Credicorp statements are straightforward evidence of the facility and how well it is run.

What they usually want

Typically a recent statement showing the facility and balance, and sometimes the payment history to show the company services its debt on time. A clean record of on-time payments is a positive, not a negative. See what your payment history tells you and is my statement an official document.

Getting the right document

Download a recent statement, or a custom date-range statement if they specify a period. See how to download your statement as a PDF and a statement for a custom date range.

Share it appropriately

Submit through the application portal rather than plain email where you can, as it contains company financial data. See how to share a statement securely and proving your loan balance to 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: Proving your loan balance to a third party, What your payment history tells you, A statement for a custom date range.

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Occasionally a payment is queried — a supplier chain, an audit, or a mismatch somewhere. Your account gives you clean evidence that a payment was made and where it went.

Your evidence trail

• The payment receipt / confirmation from the portal, with date, amount and reference.
• The statement line showing it posted to the account.
• Your own bank confirmation showing the money leaving your account.

Putting it together

Those three tie the payment end to end: it left your bank, it reached us, and it was allocated to your facility. Download the receipt and the relevant statement, and pair them with your bank record. Because everything is dated and referenced, a queried payment is quick to substantiate. If a payment genuinely didn’t match — usually a wrong reference — raise it with the details and we’ll locate it.

Most of this is self-service in your customer portal, which is the fastest route and available at any time. Where a change needs our team to verify it, we say so and give a realistic turnaround so you can plan around it.

See also: How to get a payment receipt, How do I check whether a payment has reached you?, How to raise and track a statement query.

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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.

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Directors need the borrowing position at a glance, not a stack of statements. You can pull the headline numbers quickly and drop them into a board pack in a couple of minutes.

The figures to grab

• Current balance — what the company owes right now.
• Available headroom (Flex) — how much could still be drawn.
• Interest charged to date this year — the finance cost so far.
• Next payment date and amount.

Where to get them

Your dashboard shows the live position; the year-to-date interest comes from a period export or the year-end summary. Because the figures are fixed and simple, they’re easy to explain to a board: this is what we owe, this is what it’s costing, this is what’s still available. Keep borrowing proportionate to turnover and that summary stays a comfortable one.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to view your facility limit and headroom, How to export your account history, What the Credicorp dashboard shows.

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Handing your accountant a complete pack at year end saves back-and-forth and gets your accounts done faster. Here’s exactly what to include so nothing’s missing.

The year-end checklist

• The year-end summary (or a full-year account history export).
• Each monthly statement for the financial year, or the CSV export covering it.
• The Key Information Sheet and the agreement for reference.
• The total interest paid figure for the year.
• The closing balance at your year-end date.

Make it repeatable

If you give your accountant their own read-only login, they can pull most of this themselves next year. Either way, because the figures are simple and fixed, everything reconciles against the schedule — so their job is matching, not detective work. We provide records; how the finance cost is treated for tax is their call.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Year-end records and your Credicorp facility, How to get the total interest figure for your tax return, How to export your account history.

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If something on a statement genuinely doesn’t look right, raising it well gets it resolved fastest. Give us the specifics and there’s little back-and-forth.

Raising it

• Note the date, amount and description of the entry in question.
• Say what you expected instead and why — for example, “this repayment shows twice”.
• Submit through Account > Support or the statement-query form.

Tracking it

You’ll get an acknowledgement and a reference. We investigate, then either explain the entry (often it’s a timing difference) or correct it if it’s wrong. If a correction changes your balance, it appears on your account and the next statement. If you’re not satisfied with how it’s handled, our complaints process is open to you — though as business finance, this isn’t covered by the Financial Ombudsman Service.

Credicorp lends to UK limited companies and LLPs, not to individuals. The agreement is with the company and carries no director personal guarantee. Because this is business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or the FSCS — our own complaints process is the route if something goes wrong.

See also: Correcting an error or query on your statement, I think there is an error on my statement, How to explain a gap between your books and your statement.

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Credicorp statements are generated directly from the transaction records on your account, so errors are uncommon — but if a figure does not match what you expect, it is always worth raising it promptly. Queries are easier to resolve when they are raised close to the date of the entry in question.

Before you raise a query

Most apparent discrepancies turn out to be timing differences or entries that are correct but not immediately obvious. Check the following before contacting support:

• Does the statement cover the period you think it does? Check the period start and end dates at the top of the statement.
• Is the entry a drawdown, a repayment, or a charge? They can look similar on a busy statement.
• For a Flex facility, has a repayment you made been applied in this period or the next one?
• Is there a charge type on the statement you have not seen before? Our charges guide explains every line type.

How to raise a query

• Sign in to your account and use the support or messaging feature, or contact our team by email.
• Quote the statement period, the line date, and the amount you believe is incorrect.
• Explain briefly what you expected to see and why.
• Attach a copy of the statement if it helps clarify what you are referring to.

What happens next

Our team will review the transaction records against the entry you have flagged and respond with an explanation or, if an error is confirmed, arrange a correction. If a correction is needed, it will appear on your account as a clearly labelled adjustment line, and you will receive an updated statement where applicable. We aim to resolve factual queries quickly — usually within a few business days of receiving all the relevant information.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, How do I request a settlement figure for my loan?, How do I raise a query on my statement and track it to resolution?.

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A Credicorp Flex statement looks a little different from a term-loan statement because Flex is a revolving facility: you draw funds when you need them and repay as you go, so the statement records that ebb and flow rather than a fixed schedule.

What is on it

You will see drawings (money taken from the line), repayments, and the charge for using the facility, with the balance rising and falling across the period. The summary panel shows the position for the period. See the summary panel and how Flex charges are structured.

Why it varies month to month

Because your drawing and repayment activity varies, so does the statement — a busy month shows more movement, a quiet one very little, and a period with nothing outstanding can show a near-nil statement. See what a nil or zero statement means and why Flex and Slice statements look different.

Reconciling it

Match each drawing and repayment to your bank feed as usual. See how to tell a Flex statement from a Slice statement and using statements to reconcile your facility.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Why Flex and Slice statements look different, How to tell a Flex statement from a Slice statement, How Flex charges are structured.

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A Credicorp Slice statement reflects a fixed-fee product: the cost is set as a flat fee agreed up front rather than daily interest, and you repay in scheduled instalments. That makes the statement clean and predictable.

What is on it

You will see the scheduled repayments and how they reduce the balance, with the agreed fee reflected as set out in your offer rather than accruing day to day. See how Slice charges are structured and understanding the charges shown.

Why it is predictable

Because the fee is fixed at the outset, a Slice statement does not move with daily interest the way an interest-bearing facility does — each period tends to look consistent. That predictability is the point of the product. See why Flex and Slice statements look different.

Reconciling it

Match each scheduled repayment to your bank feed. See how to tell a Flex statement from a Slice statement and using statements to reconcile your facility.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Why Flex and Slice statements look different, How Slice charges are structured, How to tell a Flex statement from a Slice statement.

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Credicorp Flex and Credicorp Slice work differently, and their statements reflect that. Knowing what to expect from each means neither one surprises you.

Reading a Flex statement

Flex is a revolving facility — you draw, repay and redraw up to a limit. So a Flex statement can show multiple drawdowns and repayments in a period, and the balance moves up and down. Interest is charged on what you’ve actually drawn, and you’ll see your available headroom rebuild as you repay.

Reading a Slice statement

Slice spreads a specific cost over a fixed schedule, so a Slice statement looks steadier — typically a regular repayment each period stepping the balance down toward zero, with the interest fixed up front. There’s no redraw headroom because it’s a one-off amount repaying to a plan.

The common thread

Whichever you hold, the statement reconciles against your Key Information Sheet, and the transaction list plus summary panel tell you the same story: what went out, what came in, and what you owe now.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Why statements for Flex and Slice look different, How to read your statement of account, How to view your facility limit and headroom.

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The running-balance column on a statement is the single most useful thing to understand, because it shows the effect of every transaction in order: each payment reduces it, each charge increases it, and the final figure is what you owed at the statement date.

Following it line by line

Start from the opening balance at the top, then read down: a repayment or overpayment reduces the running balance; interest or a fee adds to it. By the last line you reach the closing balance. See the running-balance definition and the transaction list on your statement explained.

Opening and closing balances

The opening balance carries over from the previous statement's closing balance, so the two should always tie together across consecutive periods. If they do not, that is worth querying. See opening and closing balance defined and the summary panel at the top of your statement.

Spotting something odd

If the running balance jumps in a way you cannot account for, trace it to the transaction on that line and check it. See how to check a statement line you don't recognise and I think there is an error on my statement.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: The transaction list on your statement explained, Running balance (definition), How to read your statement of account.

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The summary panel at the top of your statement is the whole period in miniature. Read it first and the detail below simply confirms the story.

What the panel shows

• Opening balance — what you owed at the start of the period.
• Drawdowns and repayments — money out to you and money in from you.
• Interest charged — the cost for the period.
• Closing balance — what you owe at the end.

Using it

Opening balance, plus any drawdowns and interest, minus repayments, equals the closing balance — the panel is that sum made visible. If the closing figure matches your books, you’re reconciled and can move on. If it doesn’t, the transaction list below shows exactly which movement to check. Because the arithmetic is simple, the panel is a reliable at-a-glance health check.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: The summary panel at the top of your statement, How to read your statement of account, How to get a simple summary of what you owe.

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Bringing your facility into your accounting software cleanly is mostly a matter of matching three things: money you drew, money you repaid, and the interest charged. Do it monthly and it stays trivial.

The reconciliation, step by step

• Download the statement for the period (CSV is easiest for import).
• Match each drawdown to the credit that hit your bank account.
• Match each repayment to the Direct Debit or transfer that left your account.
• Post the interest shown to your finance-cost account.
• Confirm the closing balance on the statement equals the loan balance in your books.

If something doesn’t tie out

The statement is the document of record — check it against your bank feed first, since timing differences (a payment in transit over a weekend) explain most small gaps. If a figure still looks wrong after that, raise it with us and we’ll check the entry.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Using statements to reconcile with your bank, How to read your statement of account, I think there is an error on my statement.

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Reconciling your Credicorp facility with your business bank account is a routine part of keeping tidy books. The key is understanding which entries on your Credicorp statement should have a corresponding credit or debit in your bank, and which are internal accounting entries that do not move cash directly.

Entries that appear in your bank

• Drawdowns — when funds are released to you, the amount appears as a credit in your business bank account. Match the drawdown line on your statement to that incoming transfer by date and amount.
• Repayments — scheduled or early repayments leave your bank as debits. Match each repayment line to the outgoing direct debit or bank transfer.

Entries that do not appear directly in your bank

• Interest and fee charges — these accrue on your Credicorp account. They reduce your available balance or increase your outstanding balance, but unless they are collected separately (for example as part of a scheduled repayment that includes interest), you will not see a standalone bank transaction for them.
• Opening and closing balances — these are running totals within the facility, not bank movements.

A simple reconciliation workflow

Start with each drawdown or repayment on your Credicorp statement and find the matching entry in your bank statement by date and amount. Tick both off. Any unmatched items are worth investigating — a common cause is a payment made at the end of a period that settles in the bank a day later and therefore falls in a different bank-statement period. Once cash movements are matched, pass the interest and fee lines to your accountant for correct nominal-code posting.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, What records do I need at year end for my Credicorp facility?, How do I reconcile a Credicorp statement in my accounting software?.

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Statements are your company's records, and you are entitled to copies. If you have lost one, need a fresh PDF for your accountant, or a period is not showing, requesting a duplicate is simple.

Getting a copy yourself first

Before asking us, check whether you can simply re-download it — every issued statement stays in your account history as a PDF. See finding an old statement in your history and how to download your statement as a PDF. That is the fastest route and needs no request.

Asking us to reissue

If a statement is not in your history, or you need one covering a non-standard period, contact support with the facility and the dates and we will reissue it or produce a custom date-range statement — see a statement for a custom date range. If you need it in an accessible format, say so — see requesting an accessible-format statement.

Is there a charge?

You can view and download your statements yourself at no cost. For whether a charge applies to a manually produced copy of documents, see is there a charge for requesting copies of documents.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Finding an old statement in your history, How to download your statement as a PDF, A statement for a custom date range.

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A settlement figure is the precise amount your company needs to pay to close a Credicorp facility completely on a specific date. It is different from the outstanding balance shown on your statement, which assumes you continue to the end of the agreed term.

Why the settlement figure differs from your balance

Your statement balance reflects the total remaining under your contract if you pay to schedule. A settlement figure is calculated to a specific date and takes into account only the interest that has actually accrued up to that point. On a Business Loan it may also include an early-settlement charge of up to 28 days' interest if you are repaying before the end of the term. The figure is generated in real time, so it is always accurate for the date you specify.

How to request one

• Sign in to your account at clients.credicorp.co.uk.
• Open the facility you want to settle.
• Use the settlement or early repayment option in the account menu.
• Select the date you intend to pay — the figure is shown to you before you confirm anything.
• If you need the figure in writing for your accountant or solicitor, download or print the confirmation screen.

What happens after you receive the figure

The settlement figure is valid for the date specified. If you do not pay on that date, you will need to request a fresh figure, since daily interest continues to accrue on Flex balances and some loans. Once you make the full settlement payment and it is confirmed, your account is closed and no further charges apply. You will receive a closure confirmation you can retain for your records.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, How do I raise a query or correct an error on my statement?, Why is my statement balance different from a settlement figure?.

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A third party — a prospective lender, a landlord, a grant body — may ask to see your Credicorp statement as evidence of your borrowing. Sharing it safely protects your company’s financial information.

Sharing it well

• Download a fresh PDF for the exact period they need — don’t send more history than the request calls for.
• Send it by a channel you trust, and confirm the recipient’s address is genuinely theirs before you do.
• If only certain figures are needed, share only those — you don’t have to hand over everything.

Proving it’s genuine

Our statements are laid out like a formal financial document precisely so they read as authentic to a third party. If the recipient wants to confirm authenticity, they can ask you to download a fresh copy in their presence, or you can provide it alongside your Key Information Sheet. Never share your login to “show” someone your account — send a document, not access.

Whenever a change touches money, access or your company’s data, we verify the request is genuinely from an authorised person before we act. We will never ask you to confirm full security details by email or phone to release information or push through a change — if a message pressures you to do that, treat it as suspicious and contact us to check.

See also: Is my statement an official document I can rely on?, Getting a statement to share with your accountant, Can I get a statement for a custom date range?.

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Scammers occasionally forge lender statements or send messages pretending to be from a finance company, hoping you will pay money to the wrong place or hand over details. A little care keeps the company safe.

Check where it came from

A genuine Credicorp statement is available in your own signed-in account — so the safest check is always to log in and see it there, rather than trusting a document that arrived by email or post. If a statement or payment demand did not come through your account and asks you to pay to new details, treat it with suspicion. See advance-fee and fake-loan scams.

Never change payment details on a message alone

We will not ask you to switch the account you pay to via an unexpected email. If you get a request to change payment details, verify it by logging in or contacting us on a number you already have. See the correct payment details and how genuine payments show on your bank statement.

If in doubt, ask

Contact us directly to confirm any document or request. See contacting us safely and is my statement an official document.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Advance-fee and fake-loan scams, Is my statement an official document?, How to share a statement securely.

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The cost of borrowing for genuine business purposes is generally an allowable expense for Corporation Tax, which is one reason keeping good statements matters. Your statement separates the figures your accountant needs — though the tax treatment itself is a question for them.

What the statement separates

Interest and finance costs are shown distinctly from repayments of the amount borrowed. Repaying the principal is not a cost — only the interest and fees are — so the split on your statement is what feeds the deductible figure. See what your statement shows about interest and the difference between interest and fees.

Pulling the figure for the year

Your accountant needs total interest and finance costs across the accounting period. A year-end summary or custom date-range statement gives this in one place. See getting a record of total interest paid and using your statement for VAT and Corporation Tax.

Leave the treatment to your accountant

Exactly what is deductible depends on the company's circumstances, so give your accountant the statements and let them apply the rules. See what counts as interest paid for your tax return. This is general information, not tax advice.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: What counts as interest paid for your tax return, Using your statement for VAT and Corporation Tax, What your statement shows about interest.

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The interest line is often the one people most want to understand. On a Credicorp facility it’s simple interest, fixed up front, so it should never be a surprise — and it’s easy to check.

What the figure means

The interest shown is the charge for the borrowing over the statement period. On Flex, interest is on the amount actually drawn, for the time it’s drawn — draw less or repay sooner and you pay less. On Slice, the interest is fixed at the outset and spread across the schedule, so each period’s share is predictable.

Checking it

• Compare the interest on the statement to the schedule on your Key Information Sheet.
• For Flex, cross-check against how much was drawn and for how long.
• If it doesn’t match what you expect, raise a query with the period and figure.

Because the terms are fixed and transparent, the interest line is a figure you can rely on and reconcile, not one you have to take on trust.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: Understanding the charges shown on your statement, How to check a statement line you don’t recognise, What the Key Information Sheet shows.

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Your repayments are a known, fixed outgoing — which makes them one of the easiest lines to build into a cash-flow forecast. Your statement and schedule give you exactly what the forecast needs.

What to lift into the forecast

• The repayment amount and date for each period, from your schedule.
• Any planned drawdowns (money in) if you’re using Flex.
• Any overpayment you intend to make, and when.

Why it’s reliable

Because interest is fixed up front, your scheduled repayments don’t move — so they’re a dependable line in the forecast, not a guess. Model the collection landing a day or two either side of the date to allow for clearing, and keep the collecting account funded to that plan. A forecast that includes your finance outgoings honestly is one that keeps you ahead of every collection.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to read your repayment schedule, How to plan repayments around seasonal cash flow, How to get a reminder before a collection.

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Good management accounts give directors an honest monthly picture of the business, and any borrowing has to be reflected accurately. Your Credicorp statements carry everything your bookkeeper needs to do that.

The three figures that matter

From each statement your bookkeeper takes the outstanding balance (a liability on the balance sheet), the interest and fees for the period (a cost in the profit and loss), and the repayments made (splitting principal from cost). Your statement separates these clearly — see understanding the charges shown on your statement and how payments are allocated to your balance.

Posting it correctly

The outstanding balance sits as a creditor; the cost of borrowing goes to interest/finance costs. Reconciling the statement to the bank feed each month keeps the ledger accurate — see how to reconcile a statement against your bookkeeping software and using statements to reconcile your facility.

Keeping the trail for year-end

Filing each monthly statement as you go means year-end is a matter of totting up rather than hunting. See year-end records and your Credicorp facility and scheduling regular statement downloads.

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: How to reconcile a statement against your bookkeeping software, Using your statement for VAT and Corporation Tax, Year-end records and your Credicorp facility.

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Beyond the balance, directors often want the headline: what has this facility actually cost us? Your statements give you that, and it should track closely to what your Key Information Sheet set out at the start.

Working it out

• Export the account history for the whole life of the facility.
• Sum the interest lines — that total is the cost of the borrowing.
• Compare it to the total charge on your Key Information Sheet.

Why it should match

Because interest is simple and fixed up front, there are no hidden extras to hunt for. On Flex, settling early or drawing less than planned means you pay less than the illustrative maximum, because interest only runs on what’s drawn while it’s drawn. On Slice, the total is set at outset. Either way, the statement is the honest record of what the money cost — no surprises, by design.

Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.

See also: How to understand the interest on your statement, How to get the total interest figure for your tax return, What the Key Information Sheet shows.

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When the company applies for further finance — from us or another lender — a clean statement history on an existing facility is evidence you can lean on. It shows the business borrows responsibly and pays on time.

What it demonstrates

A run of on-time payments and a well-managed balance shows a lender the company services its debt reliably, which is exactly what they want to see. See what your payment history tells you and will a late payment affect future borrowing.

Providing it

Offer a recent statement, or the payment history, alongside your application. See getting a statement quickly for a lender and proving your loan balance.

The bigger picture

How a company's overall credit position is assessed is covered in our decisions guidance — see business credit reference agencies explained. A settled facility's closing statement is also worth keeping as proof of a completed borrowing. See what to keep when you close a facility.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: What your payment history tells you, Will a late payment affect future borrowing?, Getting a statement quickly for a lender.

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How long an organisation keeps your information is one of the questions people ask us most often. Here is how it works at Credicorp Limited.

The principle

Under UK data-protection law (the UK GDPR and the Data Protection Act 2018) we are only allowed to keep your personal information for as long as we need it for the purpose we collected it for. "As long as we need it" is shaped by several rules at once:

• tax record-keeping rules (HMRC requires financial records to be kept for several years) and anti-money-laundering record-keeping under the Money Laundering Regulations 2017;
• HM Revenue & Customs rules on how long we must keep financial records for tax purposes;
• limitation rules — the period during which a legal claim could be brought against, or by, either party;
• specific complaint-handling and Ombudsman timelines.

For most customer loan files those rules taken together come out at around six years after the relationship ends. There are some categories — call recordings, marketing-consent records, employment-related records — with different (typically shorter) retention periods. Our full retention schedule is summarised in our Privacy Policy.

While your account is open

While your loan is active, we keep the full record. You can ask for a copy of your Business Loan Agreement or a statement of account at any time using the Statement Request or Copy of Agreement form. There is no charge for a reasonable request.

After your account closes

After closure we hold the record for the period set out above. During that period you can still:

• ask for a copy of the closed account record under a subject access request (see subject access requests);
• raise a complaint about something that happened while the account was open (subject to the time limits in our complaints time-limits article);
• ask for the information held about you to be corrected if it is wrong.

Deletion at end of retention

When the retention period runs out, the information is securely deleted from our systems. We do not retain personal data "just in case" beyond what the rules allow. If you ever have a specific question about the data we hold about you, please contact our privacy team via the General Support Enquiry form.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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Business records, including finance documents, generally need keeping for at least six years — and your accountant may advise longer in some circumstances. Keeping your statements in order means you’re never caught out by an audit, an enquiry or a due-diligence request.

A simple archive routine

• Download each statement as a PDF and store it in a dated folder — by financial year, then by month.
• Keep the year-end summary and your Key Information Sheet alongside them.
• Back up the folder — secure cloud storage or your accounting system’s document store both work.

Our copy vs your copy

We keep records of your account too, and you can re-download historic statements from the portal while your account is open. But keeping your own archive means the documents are always to hand — including after a facility closes — without needing to ask. Treat them as the financial records they are: stored securely, shared carefully.

Whenever a change touches money, access or your company’s data, we verify the request is genuinely from an authorised person before we act. We will never ask you to confirm full security details by email or phone to release information or push through a change — if a message pressures you to do that, treat it as suspicious and contact us to check.

See also: How long do you keep my records?, Keeping statements for Companies House and audit, Finding an old statement in your history.

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Statements for your Credicorp facility are part of your company's financial records, so they fall within the record-keeping you already do for your accounts, your auditors, and HMRC.

Why keep them

• They support the figures in your statutory accounts filed at Companies House.
• They give auditors a clear trail for how the facility moved over the year.
• They back up the cost of borrowing claimed in your accounts and tax return.

How long to keep them

UK companies are generally required to keep accounting records for several years, and the exact period depends on your circumstances and the relevant rules at the time. Your statements should be retained at least as long as the accounts they support. Your accountant can confirm the right retention period for your company, since the duty sits with the company and its directors.

Practical archiving

We keep your statement history available in your account, but it is sensible to download and archive your own copies too, ideally alongside the accounts for each year. A consistent folder structure by financial year makes any future audit straightforward. Because Credicorp lends only to UK limited companies and LLPs, these are always company records, never personal ones, and no director gives a personal guarantee for the facility.

See also: How long do you keep my records?, Can I give my statement to my accountant or bookkeeper?, Can I use my statement for VAT and Corporation Tax?.

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On a Credicorp Flex facility, statements follow a regular cycle just like a term loan — but what appears on each one depends on how you used the line during the period.

Regular cycle, variable content

Statements are issued on a regular schedule for the period. On Flex, a busy period with several drawings and repayments produces a fuller statement, while a quiet period with nothing drawn can show very little or a near-nil statement. See how often statements are issued and what a nil or zero statement means.

Reading each one

Each Flex statement records the drawings, repayments and charge for the period. See reading a Credicorp Flex statement and why Flex and Slice statements look different.

Staying on top of them

File every statement, even a quiet one, so your year is a continuous record. See filing your statements for the year and will I be told when a new statement is ready.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: How often are statements issued?, Reading a Credicorp Flex statement, What a nil or zero statement means.

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You do not have to wait for a statement to land — your portal lets you generate one whenever you need it. Here is when statements appear and how to get a copy on demand.

On request, any time

Sign in to your portal and you can produce a current statement of account for any of your loans on the spot, then download or print it as a PDF with selectable text. This is the quickest way to get an up-to-date record — for your accountant, your own files, or a finance application.

At key points in the loan

We also make a statement available at the moments that matter: when the loan is drawn down, and when it is settled or closed. If your account ever falls into arrears, we will keep you informed in writing as part of supporting you back on track.

If you have closed your account, you can still ask for a copy of the closed-account record during the period we are required to keep it — see how long we keep your records. For what is on a statement, see how to read your statement of account. This relates to lending to a body corporate, outside FCA consumer-credit regulation under Articles 60B and 60L FSMA RAO 2001; the Financial Ombudsman Service and the FSCS do not apply.

See also: Can I get a statement for a custom date range?, How do I find an old statement in my history?, Can I give my statement to my accountant or bookkeeper?.

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Statements are only useful if someone actually reads them. A light, regular review catches an odd charge or a mis-timed payment while it is still small, and keeps your year-end painless.

A sensible routine

Check each new statement when it is issued — see how often statements are issued and will I be told when a new statement is ready. Skim the summary panel for the period's charges and closing balance, then glance down the transaction list for anything unexpected.

What to look for

Confirm the payments you made appear, the charges match what you expected, and the running balance moves the way it should. If a line does not look right, check it rather than letting it ride — see how to check a statement line you don't recognise and I think there is an error on my statement.

Tie it to your bookkeeping

The most efficient rhythm is to review the statement as part of your monthly bank reconciliation, so the two are checked together. See using statements to reconcile your facility and scheduling regular statement downloads.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: How often are statements issued?, I think there is an error on my statement, Using statements to reconcile your facility.

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Statements are only as useful as they are findable. A light filing routine as each one arrives turns year-end from a scramble into a five-minute job, and keeps the company audit-ready.

A filing routine that works

1. Download each statement when issued. Save the PDF as soon as it is available rather than leaving it in the portal. See will I be told when a new statement is ready.
2. Name files consistently. Use a clear convention — facility and period, for example — so any statement is instantly identifiable. See scheduling regular statement downloads.
3. Keep a folder per financial year. Group all statements for all facilities by accounting period so a full year is in one place. See a statement covering your financial year.

How long to keep them

Keep company records for at least the period required for tax and Companies House purposes. See keeping statements for the right length of time and keeping statements for Companies House and audit.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Scheduling regular statement downloads, Keeping statements for Companies House and audit, Year-end records and your Credicorp facility.

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Your statement of account — sometimes called a statement of borrowing — is the official record of your loan with Credicorp. You can view or download it from your portal at any time. This article explains what each part means so it is easy to read at a glance.

The header

At the top you will see the issue date, the loan reference number, and the two parties: Credicorp Limited as lender and your company as borrower, with your Companies House number and the signing director. This is what makes the statement a true record you can rely on or share with your accountant.

The totals

The repayment schedule

Below the totals is the schedule: each instalment with its number, due date, amount, and whether it is paid or still due. This is the same schedule you agreed at signing, so you can always check what is coming and when.

If anything on your statement does not look right, please contact us and we will check it. For how long we keep these records, see how long we keep your records. This statement reflects an agreement with a body corporate, which is outside FCA consumer-credit regulation under Articles 60B and 60L of the FSMA Regulated Activities Order 2001, so it is not a regulated credit agreement and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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If something on your statement does not match your expectations, it is worth a quick check before you contact us, because most apparent errors trace back to a single identifiable entry.

Check these first

• Confirm you are looking at the right facility and the right period.
• Remember the closing position of the previous statement should equal the opening position of this one.
• Look for an entry whose date falls just outside the period, which would put it on a neighbouring statement.
• Match each line against your own records to find the one that differs.

What to send us

Once you have found the line you are unsure about, contact our support team with your account reference, the statement period, and the date and description of the specific entry. That detail lets us locate it straight away rather than working through the whole account.

What happens next

We will review the entry against the underlying account activity and explain what it is, or correct it if it genuinely needs adjusting. Any correction appears on your account as a clear, dated entry so the audit trail stays intact. Because the facility belongs to your company, an authorised finance colleague can raise and follow up the query on the company's behalf.

See also: What do the statement period dates mean?, What is the summary panel at the top of my statement?, How do I find an old statement in my history?.

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Yes. Your Credicorp statement is a true record of the activity on your company's facility for the period it covers, generated directly from the account. It is suitable for your bookkeeping, your statutory accounts, and audit purposes.

What makes it reliable

• It is produced from the same underlying account data as every figure we hold.
• The opening and closing positions chain to the neighbouring statements, so the record is continuous.
• Descriptions are in plain English, so an auditor can follow the activity without internal codes.

What it does not do

A statement records what has already happened on the account. It is not a quotation, a settlement letter, or a forecast. If you need a figure to clear the facility on a particular day, that is a settlement figure and is provided separately, because it is calculated to a specific date.

The regulatory position

Credicorp is an exempt business lender, lending only to UK limited companies and LLPs for business purposes. Your facility sits outside the consumer credit regime, which means protections designed for personal borrowing, such as the Financial Ombudsman Service and FSCS, do not apply. That does not change the accuracy or usefulness of your statement as a business record, it simply reflects that this is commercial lending to your company.

See also: How to read your statement of account, Can I use my statement for VAT and Corporation Tax?, What is a year-end summary document for?.

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Reconciliation is the routine of checking that two records of the same thing agree — most often, that the transactions on your Credicorp statement match the entries in your company's bank feed and accounting records. When they tie up, your books are right; when they do not, reconciliation is how you find and fix the difference.

What you are matching

You compare each collection or payment on the statement to the corresponding line on your bank statement and in your accounting software, confirming the date, amount and reference all agree. See using statements to reconcile your facility with your bank and how to reconcile against your bookkeeping software.

Why it matters

Regular reconciliation catches errors and mis-timed payments while they are small, keeps management accounts accurate, and makes year-end straightforward. See using statements for management accounts and how often to check your statement.

Related terms

See statement of account and running balance.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

What a good reconciliation looks like

In practice, reconciliation means sitting the Credicorp statement next to the company's bank feed for the same period and ticking off each line — every collection, every payment, every charge — until both records agree to the penny. Most differences turn out to be timing (a payment near a period end showing on one record before the other) rather than error, and those resolve themselves next period. Doing this monthly rather than annually keeps any genuine discrepancy small and easy to trace, and it makes year-end a formality. See how often to check your statement.

See also: Using statements to reconcile your facility with your bank, How to reconcile against your bookkeeping software, Statement of account (definition).

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Opening balance and closing balance are the two anchor figures on any statement. Together they tell you where your facility stood at the start and end of the statement period.

Opening balance

The opening balance is the position of your account on the first day of the statement period, before any of that period's activity is applied. It is carried straight over from the closing balance of the previous statement, which is why your records should run continuously from one period to the next.

Closing balance

The closing balance is the position on the last day of the period, after every movement during that period has been applied. It is usually the figure your bookkeeper reconciles against your accounts, and it becomes the opening balance of the next statement.

How to use them

• Read top to bottom: opening balance, then each dated entry, arriving at the closing balance.
• Check that one statement's closing balance equals the next statement's opening balance.
• If they do not match, an entry has been missed and the detail will show where.

A balance is not the same as a settlement figure, which is the amount needed to clear the facility on a specific day and is provided separately. Your facility is a company account, since Credicorp lends only to UK limited companies and LLPs.

See also: Statement glossary: running balance, Statement glossary: statement period and Arrears (glossary).

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The running balance is the figure shown alongside each entry in the transaction list. It tells you the position of your facility immediately after that particular movement was applied, so you can follow the account moving down the page.

How it works

Each line records an amount, and the running balance to its right reflects the account once that amount has been taken into account. The running balance on the first line starts from the opening balance, and the running balance on the final line equals the closing balance shown in the summary.

Why it is useful

• You can see the effect of any single transaction without adding up the whole list yourself.
• It makes spotting the line that caused an unexpected change much easier.
• It gives auditors a clear, step-by-step trail from opening to closing balance.

A quick check

If you ever doubt a figure, follow the running balance line by line from the opening balance, you should arrive exactly at the closing balance. If you do not, the line where it diverges is the one to ask us about. This is a record of your company's facility, since Credicorp lends only to UK limited companies and LLPs.

See also: Statement glossary: opening balance and closing balance, Statement glossary: statement period and Arrears (glossary).

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The statement period is the window of time a single statement covers, shown as a start date and an end date near the top of the page. It is the rule that decides which activity belongs on that statement and which does not.

What it determines

Any movement on your facility dated within the period appears on the statement. Anything dated before the start date is already captured in the opening balance carried over from the previous statement, and anything dated after the end date will appear on the next one. There are no gaps and no overlaps, so your statements chain together cleanly.

Why it matters

• When reconciling, set your own date filter to match the statement period so you do not double count.
• If a transaction looks missing, check whether its date falls just outside the period.
• The closing balance on the period's last day becomes the opening balance for the next period.

Related terms

The statement period is not the same as your financial year, which a year-end summary covers, nor the same as a due date, which is when something must be paid. Whichever applies, your statement relates to your company's facility, because Credicorp lends only to UK limited companies and LLPs for business purposes.

See also: Statement glossary: opening balance and closing balance, Statement glossary: running balance and Arrears (glossary).

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A statement of account is the periodic document that records everything that has happened on your Credicorp facility during a period — the opening balance, every payment and charge, and the closing balance. It is your company's formal record of the borrowing.

What it contains

A statement of account brings together the summary of the period, the transaction list, and the running balance. Together these show exactly how the balance moved from the start of the period to the end. See how to read your statement of account and the summary panel at the top of your statement.

What it is used for

It feeds your bookkeeping and management accounts, evidences the balance to third parties, and provides the interest figure for your tax return. See using statements for management accounts and using your statement for VAT and Corporation Tax.

Related terms

See also running balance, opening and closing balance and statement period.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

Why it is more than a receipt

A statement of account is not just a note of what you paid — it is the authoritative running record of the facility that your accounts, your tax return and any third party rely on. Because each period's closing balance carries forward as the next period's opening balance, the statements form an unbroken chain across the whole life of the loan. That continuity is what lets an auditor or a new lender trust the numbers, and it is why keeping every statement — even a quiet one — matters. See filing your statements for the year.

See also: How to read your statement of account, Running balance (definition), Statement period (definition).

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Two numbers on your account look similar but answer different questions, and mixing them up can cost you money. Here is the difference between your outstanding balance and a settlement figure.

Outstanding balance

Your outstanding balance is what is left to pay if you keep to your agreed schedule to the end of the term. It is the running figure you see on your statement of account: total repayable under the contract, minus what you have paid so far.

Settlement figure

A settlement figure is the exact amount to clear the loan in full today. Because interest is charged only for the days you actually hold the balance, stopping now usually means you pay less interest than running to term — so a settlement figure is often lower than the outstanding balance. On a one-time Business Loan it may include an early-settlement charge of up to 28 days' interest; whatever the number, it is shown to you before you confirm.

To get a settlement figure, sign in to your portal and request one — it is generated live and shown before you commit. For paying off early in general, see repaying your loan early. This relates to lending to a body corporate, outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001; the Financial Ombudsman Service and the FSCS do not apply.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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The transaction list is the itemised part of your statement — the line-by-line record of everything that happened on the facility during the period. Each line is one event: a payment, an overpayment, an interest charge or a fee.

What each line shows

A typical line carries the date, a description of what it is, the amount, and the effect on the running balance. Read top to bottom, the list tells the full story of the period. See the transaction list explained and reading the running balance.

Using it

It is what you check against your bank feed when reconciling, and where you trace anything that looks odd. See reconciliation and how to check a statement line you don't recognise.

Related terms

See running balance and statement of account.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

Reading it in order

The transaction list is best read top to bottom as a story: you start at the opening balance, and each line then nudges the running balance up (a charge) or down (a payment) until you arrive at the closing balance. Read this way, nothing on the statement is a mystery — every movement is accounted for by a line you can point to. If the running balance ever jumps in a way a single line does not explain, that is exactly the sort of thing worth querying. See checking your statement adds up.

See also: The transaction list explained, Running balance (definition), Statement of account (definition).

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Below the summary panel, your statement shows a dated list of every movement on the account during the period. This is the part your bookkeeper will work through line by line when reconciling.

How a line is built up

Each entry generally records the date it happened, a short description of what it was, the amount, and the running position of the account afterwards. Reading top to bottom, you can follow how the account moved from its opening position to its closing position.

Common kinds of entry

• Amounts drawn or advanced on your facility.
• Repayments received.
• Any cost of borrowing applied, shown at the rate set out in your offer.
• Adjustments, where something has been corrected or rebalanced.

Reconciling against your books

The reliable way to check a statement is to match each line to an entry in your own records. If something does not match, note the date and description of the line in question before contacting us, because that reference lets our team find it immediately. We have deliberately kept descriptions in plain English rather than internal codes, so an entry should make sense without a glossary. The statement always relates to your company's facility, since Credicorp lends only to UK limited companies and LLPs.

See also: What is the summary panel at the top of my statement?, How to read your statement of account, Statement glossary: running balance.

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For most UK limited companies, the cost of borrowing on a business facility is a deductible expense that reduces your taxable profit. Your Credicorp statements give you the figures your accountant needs — but it is important to use the right lines and to take advice on how they are treated under your specific circumstances.

What to look for on your statements

Your statements show each charge separately. The lines relevant to your tax return are typically:

• Interest charged on your Business Loan or Flex facility for the period.
• The flat fee on a Slice account (the 6% of the bill amount), which is the total cost of the facility rather than interest as such.
• Any arrangement or administration fees charged at the time the facility was set up or varied.

Capital repayments — the portion of your payments that reduces what you owe — are not a deductible expense and should not be confused with the interest or fee element.

How your accountant uses this

In accruals accounting, interest is recognised in the period it accrues, not necessarily when it is paid. Your monthly statements show the charge for each period, which is what your accountant needs to match the cost to the correct accounting period. For a Business Loan with fixed repayments, your repayment schedule breaks down each payment into its capital and interest components.

A note on advice

The deductibility of financing costs depends on a number of factors, including transfer-pricing rules if there are group relationships, and the corporate interest restriction rules for larger borrowers. This article is a guide to what your statements contain — your accountant or tax adviser should determine the correct treatment for your company's position.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What records do I need at year end for my Credicorp facility?, How do I get a statement to share with my accountant?, How do I get a record of all the interest paid on my facility over the year?.

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Each line on your Credicorp statement is a record of money moving in or out of your facility. Understanding what each charge represents makes reconciliation straightforward and helps your accountant post entries correctly.

Business Loan — fixed repayments

On a Business Loan you see a series of scheduled repayments, each of which covers a portion of the principal and a portion of the total cost of credit. Because the loan has a fixed term and fixed payments, the total you will pay is agreed upfront and does not change if you pay to schedule. The interest element within each payment is shown separately so you can record it accurately in your accounts.

Flex — interest on drawn balances

The Credicorp Flex revolving credit facility charges interest only on the amount you have drawn, and only for the days it is outstanding. Your statement shows each drawdown, each repayment, and then the interest accrued for the period. If your balance moves during the month, you will see multiple draw or repay lines before a single interest charge at the period end. There is no charge on undrawn headroom.

Slice — the flat 6% fee

Credicorp Slice spreads a specific business bill across 3–4 weekly instalments. The cost is a flat 6% fee applied once to the bill amount — there is no compounding interest. Your statement shows the original bill value, the fee charged, the instalment schedule, and each payment made. The total you pay is always the bill amount plus 6%, split across the agreed instalments.

Other lines you may see

• Drawdown — funds sent to your nominated business bank account.
• Repayment — a payment received from your company.
• Adjustment — a correction applied to the account; if you see one you did not expect, contact support.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: How do I download a statement for a specific month?, What counts as interest paid for your Corporation Tax return?, What do the statement period dates mean?.

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Near the top of every statement you will see a period, shown as a start date and an end date. These two dates do more than label the document, they define precisely which activity the statement captures.

How the dates work

A statement includes the movements that fall within its period and excludes anything before the start date or after the end date. Activity before the start is already reflected in the opening position carried over from the previous statement, and activity after the end date will appear on the next one.

Why this matters for reconciling

• The closing position of one statement becomes the opening position of the next, so your records should run continuously with no gaps.
• If a transaction seems to be missing, check whether its date falls just outside the period, in which case it belongs on the neighbouring statement.
• When matching to your books, line up your own date filter with the statement period to avoid double counting.

If periods do not seem to join up

Statements are designed to chain together, so the closing position of one should equal the opening position of the next. If they ever appear not to, contact our support team with both statement references. As your facility is a company account with Credicorp, anyone you authorise can raise the query on the company's behalf.

See also: Can I get a statement for a custom date range?, Statement glossary: statement period and How to read your Flex statement.

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Sometimes a statement arrives showing little or no movement — no drawings, perhaps only a small charge, or a flat balance. On the right facility this is completely normal and simply reflects a quiet period.

On a Credicorp Flex facility

Flex is a flexible line you draw on when you need it, so a period where you did not draw and had nothing outstanding can show a nil or near-nil statement. Note that a dormant or zero-balance facility can still carry a small standing cost — see Flex facility dormancy and zero-balance costs and why Flex and Slice statements look different.

On a term loan

A term loan is repaying on a schedule, so a truly nil statement is unusual — a flat balance might indicate a missed collection rather than genuine inactivity. Check your payment history if a period shows no repayment when one was due. See what a failed payment looks like.

Still worth keeping

File a nil statement like any other — it is part of the continuous record for the year. See filing your statements for the year.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Why Flex and Slice statements look different, Flex dormancy and zero-balance costs, How to tell a Flex statement from a Slice statement.

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One of the most useful things a statement tells you is exactly what the borrowing cost the company during the period. Knowing where to look makes the figure easy to pull out for management accounts or a tax return.

Where interest appears

On an interest-bearing facility, each statement shows the interest charged for the period, usually as its own line or within the transaction list, separate from any repayment of principal. The summary panel at the top often carries a period total — see the summary panel at the top of your statement and understanding the charges shown on your statement.

Interest versus fees

Interest is the cost of borrowing the outstanding balance over time; fees are separate charges for specific events. Your statement distinguishes the two so you can post them correctly. See the difference between interest and fees and how charges are shown on your statement.

Pulling a total for the year

For a tax return your accountant needs total interest paid across the financial year. Rather than adding each statement by hand, use a year-end summary or a custom date-range statement — see getting a record of total interest paid over the year and what counts as interest paid for your Corporation Tax return.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Understanding the charges shown on your statement, The difference between interest and fees, Getting a record of total interest paid over the year.

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When you settle a facility early, the closing statement is an important record — it is the document that shows the account was paid in full and closed, which you will want on file and may need to prove to a third party later.

What the closing statement records

It shows the settlement payment applied, the balance reduced to zero, and the account marked as closed as at the settlement date. Any interest or fee up to that date is included in the figure you paid — see how early settlement works and the difference between your balance and a settlement figure.

If a collection overlapped the settlement

If a scheduled collection was taken just after you settled, the statement will show the overpayment and any refund back to your business account — see what happens to payments when you settle early and getting a refund after settlement.

Keep it as proof

File the closing statement with your records — it is your evidence the debt is discharged. See keeping your statements for Companies House and audit and how to prove your loan balance to a third party if a future lender asks about it.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: What happens to payments when you settle early, Getting a refund after settlement, Keeping statements for Companies House and audit.

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The closing balance is the number most directors look at first, and rightly so — it is what the company owed on the facility at the end of the statement period. Everything else on the statement explains how it got there.

What it is

The closing balance is the opening balance plus the period's charges minus the period's payments. It becomes the opening balance of the next statement, which is how consecutive periods tie together. See opening and closing balance defined and what the opening balance means.

What it is not

It is not the amount to settle the facility — that is a separate settlement figure that includes interest to the day you pay. See why the settlement figure differs from the balance.

Using it

The closing balance is the figure your bookkeeper posts as the outstanding liability, and the one a third party wants to see. See using statements for management accounts and proving your loan balance.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Opening and closing balance (definition), Statement balance vs settlement figure, Reading the running balance.

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Every statement begins with an opening balance. It is simply the amount you owed at the start of that statement period — the launch point from which every payment and charge on the statement moves the figure.

Where it comes from

The opening balance is carried straight over from the closing balance of the previous statement. That is why consecutive statements should always tie together: last period's closing figure is this period's opening figure. See opening and closing balance defined.

Following it through the period

From the opening balance, each repayment reduces it and each charge adds to it, ending at the closing balance. See reading the running balance and the transaction list explained.

If it does not match

If a statement's opening balance does not equal the previous statement's closing balance, something is off — query it. See I think there is an error on my statement and how to check a statement line you don't recognise.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Opening and closing balance (definition), Reading the running balance, The summary panel at the top of your statement.

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The payment-history section of your statement is a running record of every collection and payment on the facility. Read properly, it is a quick health check on the account — and a useful thing to be able to show a lender or accountant.

What it shows

Each payment appears with its date, amount and effect on the balance, so you can confirm every scheduled collection was taken and applied. A clean run of on-time payments is exactly what you want to see. See how to view your payment history and statements and the transaction list on your statement explained.

Using it as an early-warning check

If you spot a failed or partial collection in the history, deal with it straight away rather than waiting — see what a failed payment looks like and how to catch up after one missed collection.

Why a good history matters

A consistent payment record is useful evidence when the company next borrows or refinances — it shows the facility was well run. See will a late payment affect future borrowing and proving your loan balance to a third party.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: How to view your payment history and statements, The transaction list on your statement explained, Will a late payment affect future borrowing?.

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A year-end summary is a single document that pulls together a whole financial year of activity on your facility. For your accountant it is often the most useful thing you can hand over, because it saves adding up twelve statements by hand.

What it shows

Typically the total interest and fees paid over the year, the movement in the balance across the period, and the total repaid — the headline figures for the accounts and the tax return. See what a year-end summary is for and getting a record of total interest paid.

How your accountant uses it

They post the cost of borrowing, confirm the liability, and pull the deductible interest figure. See using your statement for VAT and Corporation Tax and which charges are tax-deductible.

Getting one for your period

Your accounting period may not match the calendar year, so make sure the summary or the statements cover the right dates. See a statement covering your financial year.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: What a year-end summary document is for, Getting a record of total interest paid, Using your statement for VAT and Corporation Tax.

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If a charge on your statement does not look right, you are entitled to have it explained and, if it is genuinely wrong, corrected. The key is to raise it promptly with the specifics to hand.

Getting it checked

1. Identify the exact charge. Note the date, description and amount from the transaction list. See understanding the charges shown.
2. Check it against your agreement. Interest should match your rate; a fee should match a fee named in your agreement. See matching statement charges to your agreement.
3. Raise it with us. If it still looks wrong, contact us with the details and we will explain or correct it. See correcting an error or query and I think a charge is wrong.

If you are not satisfied

If we cannot resolve it to your satisfaction, you can raise a formal complaint and we will handle it fairly. See raising a complaint.

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: Correcting an error or query on your statement, Matching statement charges to your agreement, I think there is an error on my statement.

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If your Credicorp statement and your business bank account do not agree when you reconcile, do not panic — it is nearly always a timing difference or a single mismatched line, and it is findable.

Finding the difference

1. Line up the two records. Put the statement's transactions next to your bank feed for the same period. See using statements to reconcile your facility with your bank.
2. Look for timing gaps first. A collection or payment near a period end may show on one record and not yet the other — that resolves itself next period.
3. Isolate any true mismatch. If a line genuinely differs in amount, check it on both sides. See how to check a statement line you don't recognise.

If it is a real discrepancy

If after checking it is not a timing difference and not a mistake on your side, raise it with us with the date, amount and reference. See I think there is an error on my statement and correcting an error or query on your statement.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Using statements to reconcile your facility with your bank, Correcting an error or query on your statement, How to reconcile against your bookkeeping software.

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At the close of your financial year, a year-end summary brings together the movements on your Credicorp facility over that period in one document. It is designed to make preparing your statutory accounts and Corporation Tax return more straightforward.

What it helps you do

• Reconcile the facility against your bookkeeping in one pass rather than statement by statement.
• Give your accountant a clean overview of the year's activity.
• Support the figures that appear in your company accounts.

How it differs from a regular statement

A periodic statement covers a single statement period. A year-end summary takes a longer view across your whole financial year, so it is better suited to accounts preparation while the individual statements remain the detailed underlying record. You will normally use both together at year-end.

A note on tax

We can show you what happened on your facility, but we are not your accountant or tax adviser. How any cost of borrowing is treated in your accounts depends on your circumstances, so your own adviser should confirm the treatment. Credicorp lends only to UK limited companies and LLPs, so this document is always part of your company's records, prepared for business purposes.

See also: Is my statement an official document I can rely on?, What is the summary panel at the top of my statement?, Can I use my statement for VAT and Corporation Tax?.

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Every statement shows a reference — usually your facility or account reference. It is the single most important thing to get right when you make a manual payment, because it is how we match your money to your account.

Where it is and what it does

The reference appears on your statement and your offer. Quoting it exactly on a bank transfer means the payment lands against your account automatically rather than sitting unmatched. See what reference to use for a bank transfer.

Why it matters most for manual payments

Direct Debit collections carry the reference automatically, but a transfer you send needs you to add it. A missing or wrong reference is the most common reason a payment does not appear promptly. See when a payment doesn't appear on your account.

If you hold more than one facility

Each facility has its own reference, so use the right one for the account you are paying. See paying two facilities with one payment.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: What reference to use for a bank transfer, When a payment doesn't appear on your account, How payments show on your bank statement.

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Every Credicorp statement opens with a summary panel, the boxed area you see before the detailed transaction list. It exists so you can take in the essentials in a few seconds, exactly as you would with the front of a utility bill.

What the panel typically contains

• Account reference so you know which facility the statement relates to, whether that is Credicorp Flex or Credicorp Slice.
• Statement period, the start and end dates this document covers.
• Opening position, where the account stood at the start of the period.
• Closing position, where it stood at the end.
• Anything due and the date it is due, if applicable to your facility.

Why the closing position matters most

The closing position is usually the figure your bookkeeper will reconcile against your accounts. It reflects every movement during the period, so it is the single most useful number on the page for record keeping.

If a figure looks wrong

The summary is generated from the underlying transactions, so any discrepancy almost always traces back to a specific entry in the detail below. Scroll down, find the line that does not match your expectation, and contact our support team with that reference. Because Credicorp lends to your company rather than to you personally, your finance team can deal with statement queries on the company's behalf.

See also: How to read your loan statement, Understanding the transaction list on your statement and Funding stock for a brand-new product line.

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At your company's year end, your Credicorp facility generates a small set of records your accountant will need to close off the books correctly. Pulling these together before your year-end meeting saves time and avoids back-and-forth requests later.

Core documents to gather

• All monthly statements for the financial year — one per issued period, covering every month the facility was active during the year.
• The year-end summary document — a consolidated view showing opening balance, total drawdowns, total repayments, and total cost of credit for the period. Available in your account once the year has closed.
• The repayment schedule — for a Business Loan, this shows what portion of each payment was capital and what was interest, which is needed for accruals accounting.
• Any settlement or variation confirmation — if you settled a facility or varied its terms during the year, keep the written confirmation.

What your accountant does with them

The statements give your accountant a complete transaction trail: every drawdown, every repayment, and every charge. From this they can calculate the closing balance as a liability on your balance sheet, post the interest and fees to your profit and loss account, and produce the loan-note disclosure required in your statutory accounts. The figures on your Credicorp statements are the authoritative record — they match what has actually been charged to your company.

Retaining the records

UK accounting rules require companies to keep accounting records for a minimum number of years. Your statements should be retained at least as long as the accounts they support. We keep your full statement history available in your portal, but we recommend keeping your own archived copies alongside each year's accounts as a matter of good practice.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, How do I get a statement to share with my accountant?, What statements should I keep when I close a facility?.

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If you go looking for a particular statement and it is not where you expect, it is usually either not yet issued, filed under a different facility, or simply further back in your history than you looked. Here is how to track it down.

Check the timing and the facility

A statement for the current period may not be issued yet — see how often statements are issued. If you hold more than one facility, make sure you are looking at the right one, as each has its own statement run — see how to tell a Flex statement from a Slice statement.

Look deeper in your history

Older statements are kept in your account history — see finding an old statement in your history and how long we keep your records. If you need a period that pre-dates what is shown, ask support to retrieve it.

If it genuinely is not there

If a statement that should exist is missing, contact us with the facility and the period and we will reissue it. You can also request a custom date-range statement covering the gap — see a statement for a custom date range. Do not assume a missing statement means a missing payment — check your payment history too.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Finding an old statement in your history, How long we keep your records, A statement for a custom date range.

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When a facility is fully repaid and closed, do not delete the paperwork. The records matter for your accounts, for tax, and as proof the debt is discharged if anyone ever asks.

The must-keeps

Keep the closing statement showing a zero balance and the account closed, the full run of periodic statements across the life of the facility, and your original agreement. Together these are the complete record. See what your statement shows after early settlement and keeping statements for Companies House and audit.

How long to keep them

Retain them at least as long as company and tax record-keeping rules require — your accountant will confirm the exact period for your circumstances. See keeping statements for the right length of time and how long we keep your records.

Why it is worth it

A future lender, buyer or auditor may want evidence the facility existed and was cleared. See proving your loan balance to a third party.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Keeping statements for Companies House and audit, Keeping statements for the right length of time, What your statement shows after early settlement.

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When we can lend, your offer comes with a Key Information Sheet, or KIS. It is a short, plain summary of the headline terms, designed so you can take in the whole deal at a glance before you commit. It is not the full agreement — it is the at-a-glance version of it.

What is on it

When you get it

You see the figures when you receive your offer, and the signed Business Loan Agreement and KIS are made available immediately after you accept. An offer is typically valid for 14 days, so there is no rush to decide on the spot.

The point of the KIS is consumer-understanding done properly: no figure in your agreement is a surprise, because you have already seen it summarised. For how an offer is reached, see what information goes into a lending decision. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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Both Credicorp Flex and Credicorp Slice statements use the same familiar utility-bill layout, but the detail in the middle reflects how each product actually works. If you hold both, knowing the difference helps you read each one correctly.

Credicorp Flex statements

Flex is built around flexibility in how you draw and repay, so its statement tends to show movements as the facility is used over the period. You will see how the position changed as amounts were drawn and repaid, with any cost of borrowing applied as set out in your offer.

Credicorp Slice statements

Slice works on a more structured basis, so its statement tends to read more like a schedule of agreed activity across the period. The shape of the detail follows the structure of your Slice arrangement.

What stays the same

• The summary panel at the top, showing the period and the opening and closing positions.
• Plain-English descriptions rather than internal codes.
• A complete, dated record you can reconcile and hand to your accountant.

Whichever product you hold, the facility is to your company. Credicorp lends only to UK limited companies and LLPs for business purposes, and no personal guarantee is taken from directors, so the statement is always a company document.

See also: Understanding the transaction list on your statement, Statement glossary: opening balance and closing balance, What is a year-end summary document for?.

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If you have ever looked at a Credicorp statement and thought it resembled a gas, electricity or broadband bill, that is by design. We borrowed the familiar utility-bill layout because almost every business owner already knows how to read one, even under time pressure.

What the layout puts first

A utility bill leads with the few things you actually need to act on, then keeps the detail below. Your statement does the same. The top of the page shows your company name, the account it relates to, the period the statement covers, and the headline position for that period. You should be able to answer "what do I owe and by when" without scrolling.

Why this helps a business

• Directors and bookkeepers can scan it the same way they scan any supplier invoice.
• The most decision-relevant figures sit above the detailed breakdown.
• It reduces the chance of missing something important buried in a wall of rows.

It is still a full record

The friendly layout does not mean less information. Every movement on your account for the period is recorded further down the page, so the statement remains a complete and accurate record you can hand to your accountant. Remember that Credicorp lends only to UK limited companies and LLPs for business purposes, so your statement is always a company document, never a personal one.

See also: What is a loan statement?, What is the summary panel at the top of my statement?, I think there is an error on my statement, what should I do?.

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Directors sometimes expect the settlement figure to match the balance on the latest statement to the penny, and are surprised when it does not. The two answer different questions, so a small difference is normal and expected.

What the statement balance is

The outstanding balance on a statement is the position as at the statement date — the principal still owed at that snapshot. It does not include interest that will accrue between the statement date and the day you actually pay. See how to read your statement of account and the summary panel at the top of your statement.

What the settlement figure is

A settlement figure is the exact amount to close the facility on a specific day. On an interest-bearing loan it reflects interest up to that day, and it is only valid to the date stated — pay after it and a fresh figure is needed. See the difference between your balance and a settlement figure and requesting a settlement figure for your loan.

Which to use when

Use the statement balance to understand where you are; use a settlement figure whenever you actually intend to clear the facility. Never pay off using the statement balance alone, as it may leave a small residual amount. See what a year-end summary document is for.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: The difference between your balance and a settlement figure, Requesting a settlement figure for your loan, How to read your statement of account.

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Each time a statement is issued for your facility, it appears in the statements area of your account. You do not have to wait for a posted copy, it is there to view and download as soon as it is generated.

How you will know

Depending on your account settings, we will let you know a new statement is available so you do not have to keep checking. The statement itself always lives in your account, and any notification simply points you to it.

Make sure it reaches the right person

• Keep the contact details on the account up to date, especially if your bookkeeper or finance contact changes.
• Consider using a shared finance inbox rather than one individual's address, so cover is not lost if someone is away.
• Check your settings if you are not seeing notifications you expect.

If you prefer to manage it yourself

Some finance teams simply diarise to download each statement at the end of every period, which works well alongside or instead of notifications. Either way, the full history stays in your account. As the facility belongs to your company, you decide who is set up to receive these prompts and access the documents on the company's behalf.

See also: Can I give my statement to my accountant or bookkeeper?, What is the summary panel at the top of my statement?, How do I find an old statement in my history?.

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