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Business lending, sitting honestly outside consumer credit.
Credicorp lends only to bodies corporate — UK limited companies and LLPs. Under Article 60B of the FSMA Regulated Activities Order 2001, that is not a regulated “credit agreement”, so it needs no FCA authorisation. We would rather set out exactly what that means — and what protections do and don’t apply — than leave any of it vague.
16093826
The short version
Credicorp Limited is a UK business lender. It funds incorporated businesses — private limited companies (Ltd), limited liability partnerships (LLPs) and PLCs — and nobody else.
Because every borrower is a body corporate, the lending falls under Article 60B of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. In plain terms, a loan to a company is not a regulated “credit agreement”, so providing it is not a regulated activity. That has three honest consequences, and we want each of them on the record:
- Credicorp is not authorised by the Financial Conduct Authority — authorisation is not required for this kind of lending.
- The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to its business lending.
- This is business credit, not consumer credit, and it does not affect anyone borrowing as an individual or sole trader.
Everything below is the detail behind those three lines — what “body corporate” means, what Article 60B actually says, and how to check us for yourself. The deeper, line-by-line version lives on the group site: Lending & regulation at creditcorpgroup.co.uk ↗.
What “body corporate” lending means
A body corporate is a legal person in its own right — an entity the law treats as separate from the people who own or run it. In the UK that means an incorporated business: a private limited company (Ltd), a public limited company (PLC) or a limited liability partnership (LLP). When such a business borrows, the company is the borrower and is responsible for the debt, not the director or member who signs on its behalf.
That is the heart of how Credicorp lends. The agreement is between Credicorp Limited and your company. It is not a loan to a human being. This is the legal distinction that keeps the lending outside the consumer-credit regime — and it is also why these products are genuinely not suitable for, and not offered to, individuals or sole traders, who borrow in their own personal name.
- Who can borrow: UK private limited companies (Ltd), PLCs and limited liability partnerships (LLPs).
- Who cannot: individuals, consumers and sole traders — anyone borrowing in their own name rather than a company’s.
- Who is liable: the company, as a separate legal person. No personal guarantee is taken from a director or member.
Article 60B, in plain English
The rules that decide whether lending is “regulated” live in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 — usually shortened to the RAO, with the reference SI 2001/544.
Article 60B is the part that makes “entering into a regulated credit agreement as lender” a regulated activity. The key word is regulated. The same Order defines a regulated credit agreement as one where the borrower is an individual or a relevant recipient of credit — broadly, a person rather than a company. A loan to a body corporate falls outside that definition.
So when Credicorp lends to a UK company or LLP, the agreement is not a regulated credit agreement, and entering into it is not a regulated activity under Article 60B. There is therefore nothing here that requires FCA permission, and Credicorp does not hold — or claim to hold — any.
The full statutory wording, the definitions it leans on, and how the perimeter is drawn are set out on the group site: the deep explainer ↗.
What this means for protections
Being outside the consumer-credit regime cuts both ways. Here is the honest balance — what does not apply, and what still does.
No FCA authorisation
Because lending to a body corporate is not a regulated activity, Credicorp is not authorised or regulated by the Financial Conduct Authority, and does not appear on the FCA register as a consumer-credit firm. Authorisation is not required for what it does. We never imply otherwise.
FOS & FSCS don’t apply
The Financial Ombudsman Service and the Financial Services Compensation Scheme sit within the regulated consumer framework. They do not apply to Credicorp’s business lending. Concerns are raised with Credicorp directly, through the customer site.
Not consumer credit
These are business-credit products, not consumer credit, payday loans or personal loans. Nothing here affects anyone borrowing as an individual or sole trader — they keep the full consumer protections of a regulated lender, because they cannot borrow from Credicorp at all.
No personal guarantee — ever
On every Credicorp product, the company borrows and the company repays. No personal guarantee is taken from a director or member.
This matters more than it might first appear. A personal guarantee is what turns a company debt into a personal one — it lets a lender pursue an individual, and sometimes their home, if the business cannot pay. Credicorp does not take one. That means:
- No charge over your home or personal assets.
- No personal credit agreement recorded in a director’s own name.
- No personal liability for the company’s borrowing, beyond a director’s ordinary legal duties.
It keeps the line between the business and the person who runs it clean — which is exactly where the law on body-corporate lending draws it too.
How to verify us
None of this needs to be taken on trust. Every record below is public and free to check.
Companies House
UK IPO register
Hi, I’m Credi
Still got a “so where does that leave me?” question?
The straight answers are right below — what applies, what doesn’t, and what it means for you. No legalese, promise.
Regulation questions, answered plainly
Is Credicorp regulated by the FCA?
No, and it does not need to be. Credicorp Limited lends only to bodies corporate — UK limited companies and LLPs. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a body corporate is not a regulated "credit agreement", so providing it is not a regulated activity and no FCA authorisation is required. We say this plainly rather than implying an authorisation we do not hold.
Can I complain to the Financial Ombudsman Service or claim from the FSCS?
Not for this business lending. The Financial Ombudsman Service and the Financial Services Compensation Scheme are part of the regulated consumer-credit framework. Because lending to a body corporate falls outside that framework, neither the FOS nor the FSCS applies to Credicorp's business lending. If you have a concern, you raise it with Credicorp directly through the customer site.
Is this consumer credit, a payday loan or a personal loan?
No. These are business-credit products provided to incorporated businesses. They are not consumer credit, not payday loans and not personal loans. The borrower is always the company, not an individual, a sole trader or a director borrowing in their own name.
Do you take a personal guarantee from the director?
No. No personal guarantee is taken on the products. The agreement is between Credicorp Limited and your company, so there is no charge over a director's home and no personal credit agreement in a director's own name.
Does any of this affect someone borrowing as an individual or sole trader?
No. Because Credicorp lends only to bodies corporate, none of this touches anyone borrowing as an individual or as a sole trader — they simply are not eligible to borrow from Credicorp. Individuals keep the full protections of the regulated consumer-credit regime with an FCA-authorised consumer lender.
How can I verify who Credicorp is?
Every record is public. Credicorp Limited is registered at Companies House under number 16093826, and holds the registered Credicorp trade mark (UK00004156742, classes 36 and 45) on the UK IPO register. You can check both yourself using the official links on this page.
That’s the regulatory position, plainly put.
Want the full, line-by-line version? It lives on the group site. Ready to borrow as a UK company or LLP? That happens on the lender’s own site.