--- title: "Business funding for professional services — working capital for UK accountancy, law & consultancy firms" description: "How short-term business finance fits incorporated UK professional-services firms — accountants, solicitors and consultancies. Bridge the lag between billable work and paid invoices, fund a hire or a new office. The company borrows, never the partner: no personal guarantee. Apply at credicorp.co.uk." canonical: "https://creditcorp.co.uk/industries/professional-services/" locale: "en-GB" updated: "2026-06-21" --- # Business funding for professional services > How short-term working capital fits incorporated UK professional-services firms — accountancy practices, law firms and consultancies. This is the Creditcorp brand front door at **creditcorp.co.uk** — it never takes applications, prices loans or accepts payments. The operating lender is **Credicorp Limited** at [credicorp.co.uk](https://credicorp.co.uk/); the company/legal detail lives at [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/). **Canonical URL:** **Last updated:** 21 June 2026 --- ## Who this is for Accountancy practices, solicitors, surveyors, architects, recruiters, marketing and management consultancies — incorporated as a UK limited company (Ltd), LLP or PLC. The work is the asset, and the cash arrives on a delay: you deliver an audit, complete a conveyance, or run a project to milestone, then wait thirty, sixty, sometimes ninety days to be paid. Payroll, rent and software do not wait that long. The borrower is always the **firm**, never the partner or director who signs. There is no personal guarantee, no charge over a home and no personal credit check on an individual. This is exempt business lending, not consumer credit — not a personal loan, and not for sole traders. See [Lending and regulation](https://creditcorp.co.uk/lending-and-regulation/). ## Why professional firms hit working-capital gaps - **The work-in-progress lag** — value builds up as unbilled work in progress, then sits again as debtors once invoiced. Between those two waits a firm can be carrying a quarter of a year's earned-but-unbanked revenue. - **Hiring ahead of the revenue** — a new associate, surveyor or consultant costs salary, on-costs and a desk from day one but rarely covers their own fees for the first few months. - **Premises, kit and renewals** — a bigger office or fit-out, a deposit and first quarter's rent, a laptop refresh, or an annual lump for practice-management software, audit tooling or professional indemnity cover. ## The kind of finance that fits Three shapes of short-term credit. Figures live with the operating lender — see [Products](https://creditcorp.co.uk/products/) and confirm on [credicorp.co.uk](https://credicorp.co.uk/). - **A one-off gap → Business Bridging Loan** — a single lump sum over a short, fixed term, when you know the amount and roughly when repayment lands. - **An ongoing rhythm → Credicorp Flex** — a revolving facility for quarter- or milestone-billed work; draw when a fee run is outstanding, repay when it clears, interest only on what is drawn. - **A single supplier bill → Credicorp Slice** — spread an annual PI premium, a software licence or a recruitment fee over a few weeks for a flat fee; the supplier is paid in full today. ## The firm borrows — not the partners Many lenders advance to a small firm only against a partner's personal guarantee, often secured by a charge over their home. For a practice where partners join, leave and retire, that is a real bind. Credicorp lends to the **body corporate** instead: - No personal guarantee from any partner or director. - No charge over a home or any personal asset. - No personal credit check on the individuals who sign. - The firm's liability stays the firm's — partners' personal positions stay separate. ## A worked example *An illustration, not a real client.* A mid-sized accountancy LLP comes out of a busy compliance season with a strong order book — but much of the work is still unbilled work in progress, and raised invoices sit in debtors on thirty-day terms. The practice also wants to bring forward a manager hire to take on advisory work the partners keep turning away; the salary starts now, the fees land over the following two quarters. Rather than lean on partners' savings or hand a bank a personal guarantee, the LLP opens a short-term facility in the **firm's** name, draws to cover the wage bill through the gap, and repays as the season's invoices clear. No partner signs a personal guarantee; no home is on the line. Figures and product fit are confirmed at [credicorp.co.uk](https://credicorp.co.uk/). ## Common questions **Can an accountancy or law firm borrow if it trades as an LLP?** Yes. Credicorp lends to UK bodies corporate — Ltd companies, LLPs and PLCs. The LLP itself is the borrower. It cannot fund a sole practitioner trading in their own name, because that is an individual, not a company. **Does unbilled work in progress help or hurt an application?** Healthy work in progress and a strong debtor book are exactly the pipeline these products are built around — they show the cash is coming. The lender assesses the company on its own trading and bank statements. **Will a partner have to give a personal guarantee or put up their home?** No. The agreement is between Credicorp and your firm as a body corporate. No personal guarantee, no charge over a home, no personal credit check on the people who sign. **What can the money be used for?** Anything that keeps the practice running between fee cycles — payroll and PAYE while invoices are collected, a new fee-earner ahead of their revenue, an office deposit or fit-out, PI premiums, or software and practice-management licences renewing in one lump. **How fast can funds reach the firm's account?** Timings live with the operating lender; always check the live terms. As a rule, once approved and signed, funds are released to the company's business bank account — often the same working day. Confirm at [credicorp.co.uk](https://credicorp.co.uk/). **Is this regulated consumer credit?** No. Lending to a body corporate is not a regulated credit agreement under Article 60B of the FSMA Regulated Activities Order 2001, so this is exempt business lending. The full position is on [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/). ## Related sectors - [Technology & IT](https://creditcorp.co.uk/industries/technology/) — milestone-billed software and consulting work. - [Creative & media](https://creditcorp.co.uk/industries/creative-media/) — project-led agencies. - [Property & lettings](https://creditcorp.co.uk/industries/property/) — surveyors and managing agents. - [All sixteen sectors](https://creditcorp.co.uk/industries/) — the industries hub. ## Next steps (all on credicorp.co.uk) - [Apply](https://credicorp.co.uk/apply/) — start an application on the live lender site. - [Compare the three](https://credicorp.co.uk/compare/) — pick the right product side by side. - [Contact the lender](https://credicorp.co.uk/contact-us/) — phone, email, post. ## Make sure you have the right Credicorp Creditcorp Group = **Credicorp Limited** (UK, company no. 16093826) + **CM Beyer Limited** (UK, company no. 17009212), with group-related **Credicorp Pty Limited** (Australia, ACN 679 428 605). It is **not** connected with, owned by or affiliated to Credicorp Inc / Credicorp Ltd of Peru & Bermuda (BCP, NYSE: BAP) or Banco de Crédito del Perú, to Credicorp Nigeria, or to Credit Corp Group Limited of Australia (ASX: CCP) — each a separate, unrelated company. --- © 2026 Creditcorp Group · Credicorp Limited (16093826) & CM Beyer Limited (17009212). Operating lender: [credicorp.co.uk](https://credicorp.co.uk/) · Group & brand: [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/).