ThinCats, a leading alternative finance provider to mid-sized SMEs, has announced a record year of lending for its financial year, which ended on 30th, June 2025. Over the past 12 months, ThinCats provided £381 million of funding to businesses, a small increase on the previous financial year’s £378 million.
The figures are especially positive given the uncertainty and challenges facing UK mid-sized businesses ranging from global tariffs, tax increases on businesses and the base rate falling less frequently than forecasted; all of which have a dampening effect on the demand for borrowing. This is highlighted in the most recent industry figures from Experian showing a year-on-year dip in UK M&A activity by 24%. In spite of these challenges, ThinCats continues to be a debt provider for M&A funding.
ThinCats saw a significant increase in use of its transactional capital proposition, a flexible borrowing product that is especially useful for companies engaging in ‘buy and build’ strategies.
In total, ThinCats has now lent more than £2 billion to businesses across the UK while assets under management stand just under £1 billion.
Mike Hackett, Chief Commercial Officer, ThinCats, said: “It’s been a hugely challenging year for UK companies. At home and abroad, we have seen enormous challenges, but adversity can often lead to opportunity with interest and borrower activity across healthcare, telecoms and B2B services. There continues to be huge resilience across the mid-sized SMEs who are looking to grow and invest.”
