Novuna Business Finance provides business asset finance through hire purchase and leasing to UK limited companies, LLPs, sole traders and partnerships trading for at least three years. It funds assets across sectors including transport, manufacturing, technology, construction and green assets, and states it does not currently offer business loans.
At a glance
- Product type
- Asset finance
- Based in
- Staines-upon-Thames
- Company number
- 01630491
- Part of
- Mitsubishi HC Capital
| Product | Amount | Term | How you repay |
|---|---|---|---|
| Hire purchase | Not published | Not published | Not published |
| Leasing | Not published | Not published | Not published |
Figures are Novuna Business Finance’s own published terms, checked on . They can change, and what you are offered depends on your business: see Novuna Business Finance’s site for current terms.
Who is Novuna Business Finance?
Novuna Business Finance is a UK provider of asset finance. The legal entity named on its site is Mitsubishi HC Capital UK PLC (trading as Novuna), company number 01630491. It is based in Staines-upon-Thames. Companies House shows the company was incorporated 1982. It is part of Mitsubishi HC Capital.
Novuna is a trading style of Mitsubishi HC Capital UK PLC (company number 01630491), originally established as Hitachi Capital (UK) PLC and rebranded as Novuna in 2022. Its site says it has operated for over 40 years, is authorised and regulated by the FCA (register number 704348), and has a registered office at Novuna House, Staines-upon-Thames.
In its own words on scale:
- Says it serves more than 1.4 million customers and manages about £9.6 billion in net earning assets (figures on its site in October 2026).
Everything on this page comes from what Novuna Business Finance publishes itself. We show the date we last checked it, and we do not rate or rank lenders.
What does Novuna Business Finance offer?
Novuna Business Finance publishes 2 products for UK businesses. The table above gives the amounts and terms as it states them.
Hire purchase
Its asset finance page describes hire purchase and leasing as a way to spread the cost of new business assets without tying up capital. It says it does not offer business loans. The page does not set out ownership, deposit or term details.
Leasing
Offered alongside hire purchase as point-of-sale finance for assets; its introducer page refers to solutions 'from leasing to hire purchase'. Product-specific terms are not published on the pages read.
What does Novuna Business Finance fund?
Novuna Business Finance says its finance is used for:
- Spreading the cost of new business assets
- Point-of-sale finance for manufacturers and dealers
- Stock finance for dealers and manufacturers
Sectors and business types it says it funds:
- SMEs across more than 50 industries (own claim)
- Manufacturers and dealers
Who can apply to Novuna Business Finance?
Novuna Business Finance publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.
- UK based limited company, PLC, LLP, sole trader or partnership.
- Trading for a minimum of three years.
- Looking for hire purchase or leasing agreements.
How do you apply to Novuna Business Finance?
Novuna Business Finance describes its process like this:
- Contact the Novuna Business Finance team or submit an enquiry online.
- Finance introducers can use the introducer page to submit business.
Every application is subject to status and the lender’s own criteria at the time.
How it works: asset finance
Asset finance spreads the cost of equipment, vehicles or machinery, with the asset itself as the main security. Under hire purchase you own the asset once the final payment is made; under a lease you pay to use it and hand it back, extend or replace it at the end.
Lenders look at the asset’s age, condition and resale value as well as the business, and many fund used as well as new equipment. Sector pages such as transport and logistics finance and construction finance show how it is used in practice.
Points Novuna Business Finance publishes that are worth knowing:
- States it does not currently offer business loans.
- Sectors listed: transport and logistics, manufacturing and technology, green assets, construction.
- Also offers stock finance, block discounting and project finance through other product pages.
Is Novuna Business Finance regulated?
Novuna Business Finance’s site states: “Novuna is a trading style of Mitsubishi HC Capital UK PLC Authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. Registered Office: Novuna House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP. Registered in Cardiff under company no. 1630491.”
Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.
What are the alternatives to Novuna Business Finance?
Other providers of asset finance with profiles here include PEAC Solutions, Renaissance Asset Finance and Simply Asset Finance. Each profile uses that lender’s own published terms.
The full list, grouped by product type, is in our directory of UK business lenders.
Applying through a broker
Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.
Sources
- Asset finance, Novuna Business Finance
- Finance introducers, Novuna Business Finance
- Our story, Novuna Business Finance
- Companies House, Companies House
Capzy is a credit broker, not a lender. We get paid by the lender. This page is general information, not financial, tax or legal advice. Finance is subject to status, lender criteria and affordability; rates and terms depend on your circumstances.