Creditas Financial Solutions

What Creditas Financial Solutions does

Creditas Financial Solutions Limited is a UK-regulated credit broker (not a lender) that intermediates vehicle finance between consumers, FCA-regulated motor dealers, and a panel of 17+ lenders. Founded in 2007 by Andy Shaw in Guiseley, West Yorkshire, the firm operates a national branch network spanning Scotland, the North East, North West, Midlands, the South (Essex), Northern Ireland (under the carfinanceni.com brand) and a wholly-owned Hull-based subsidiary, New Look Loans Ltd, which focuses on sub-prime motor finance applications. The firm employs approximately 60 staff and oversees four Appointed Representatives under its FCA authorisation (FRN 661849).

The company's core service is brokering Hire Purchase, Personal Contract Purchase, Lease Purchase, Contract Hire and Personal Loan products across cars, electric and hybrid vehicles, vans, motorbikes, caravans, motorhomes, quad bikes and horseboxes. Operations are supported by an automated proposal processing system that delivers most decisions within minutes, with dealer partners accessing the platform through dedicated account managers and consumer applicants entering via the website, telephone or in-branch. Creditas conducts an initial soft credit search before any hard search to protect customer credit profiles, and uses Experian and Equifax for identity and credit verification.

Creditas earns commission from lenders on its panel for each successful introduction, with commission rates predetermined by commercial agreements and shared in part with introducing dealers; the firm does not charge customer-facing fees. In May 2024, Creditas was acquired by Evolution Funding Group, the UK's largest used auto finance platform and a Carlyle-controlled entity since July 2023, and continues to operate under its own brand with its existing management team. In April 2025 the firm priced USD 50 million of senior unsecured bonds at a 10.50% fixed coupon, partly to execute a buy-back of existing debt. The business is currently exposed to the FCA's industry-wide investigation into historic discretionary commission arrangements in motor finance.

Name

Creditas Financial Solutions

Legal name

Creditas Financial Solutions Limited

Website

https://creditasfinancialsolutions.co.uk

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Creditas Financial Solutions is a UK-regulated credit broker that intermediates vehicle finance between consumers, FCA-regulated dealers, and a panel of 17+ lenders across cars, vans, motorbikes, caravans and EVs; founded 2007, ~60 staff, subsidiary of Evolution Funding Group since May 2024.

Ownership category

akta.pro rank

Product category

Motor Vehicle Finance Brokerage

NAICS

Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Personal Loan & Unsecured Credit Intermediation (FSAEAEAM)

akta.pro secondary industries

Auto / Vehicle Marketplace Lending (FSAKAHAF), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Vehicle finance broker
• Motor finance intermediary
• Consumer credit broker
• Car finance brokerage
• Auto finance panel

Headquarters

HQ city

Guiseley

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Broker Commission from Lenders: Creditas Financial Solutions acts as a credit broker and receives commission from lenders on their panel for each successful finance introduction. The company does not charge fees to customers for their brokering services. Commission amounts are predetermined by commercial agreements with lenders and cannot be varied on a per-agreement basis. The company also pays a portion of this commission to introducing suppliers or dealer partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Creditas Financial Solutions is a UK motor finance broker that intermediates between customers seeking vehicle finance and a panel of FCA-authorised lenders. The company does not lend directly; instead it matches applicants to suitable lenders (based on a soft credit search) and arranges finance products including Hire Purchase, PCP, Lease Purchase, Contract Hire, and Personal Loans for cars, vans, motorbikes, caravans, EVs/hybrids and motorhomes.

Product overview

Creditas Financial Solutions operates as a vehicle finance broker offering a portfolio of finance products. The core offering is their vehicle finance brokering service, which connects customers with lenders through an automated proposal system. They offer multiple finance types including Hire Purchase (HP), Personal Contract Purchase (PCP), Lease Purchase (LP), Contract Hire (CH), and Personal Loans. Finance is available across vehicle categories including cars, electric/hybrid vehicles, caravans, motorbikes, and vans. The company operates through subsidiaries including New Look Loans, which specializes in serving customers with poor credit history. The company was acquired by Evolution Funding in May 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Vehicle Finance Broker Services Core service through which Creditas Financial Solutions connects customers and dealers with a panel of FCA-authorised lenders to arrange vehicle finance. Operations include soft credit search, lender routing, application submission, automated decisioning (typically within minutes), and settlement.
• Hire Purchase (HP) Hire Purchase agreement allowing customers to spread the cost of a vehicle with monthly payments; ownership transfers to the customer upon completion of all payments plus any option-to-purchase fee.
• Personal Contract Purchase (PCP) PCP agreement splitting the vehicle price into a deposit, monthly instalments, and a final balloon payment; the customer may pay the balloon to take ownership, return the vehicle, or trade it in against a new agreement.
• Lease Purchase (LP) A form of Hire Purchase with lower monthly payments and a deferred higher balloon payment at the end of the term; typically structured over 12–48 months with deposits starting from 0%.
• Contract Hire (CH) Long-term rental/lease agreement typically lasting 2–5 years with fixed monthly costs; the vehicle is returned at the end with no option to purchase.
• Personal Loans (unsecured vehicle finance) Unsecured loan not tied to the vehicle, where ownership transfers immediately to the borrower and monthly fixed payments clear the loan over the agreed term.
• Car Finance Vehicle finance arrangements for car purchases through the panel of lenders, with competitive rates and flexible terms tailored to various financial situations.
• Electric & Hybrid Vehicle Finance Specialist finance options for electric and hybrid vehicles through panel lenders focused on the eco-friendly vehicle market.
• Caravan Finance Finance arrangements for new or used caravans, campervans, and motorhomes available from 24 to 120 months with little to no deposit required.
• Motorbike Finance Finance packages for motorbikes for pleasure or work use, with loans available from 12 to 60 months through major UK motorbike finance providers on the panel.
• Van Finance Finance options for new or used vans for business or recreational purposes, tailored to individual needs.
• New Look Loans (poor-credit specialist broker) Subsidiary brand of Creditas Financial Solutions specialising in vehicle finance for customers with poor credit histories, operating from Hull and serving the East Yorkshire franchised-dealer corridor.

Quantifiable outcome

• Most finance decisions reached within minutes via automated system processing
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• New Look LoansminorChannel Partner/ Reseller/ DistributorNew Look Loans is a subsidiary of Creditas Financial Solutions, established as a sole trader in October 2007 by Martin Morgan and incorporated in 2009. Joined the Creditas group in January 2010. Based in Hull, East Yorkshire, it focuses on specialist motor finance applications, particularly for customers with poor credit histories. Now located in prestigious offices near franchised motor dealers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Evolution Funding Group: The parent company of Creditas since May 2024 and the UK's largest used auto finance platform. Directly comparable as a UK motor-finance intermediary aggregator, with broader scale, a Carlyle-backed capital base, and prior broker acquisitions (Click Dealer, Motion Finance).
• Zopa: A digital consumer lender that sits on Creditas's lender panel and competes for the same UK personal loan and vehicle finance customer. Relevant as both a partner and an emerging direct-to-consumer competitor in unsecured and vehicle-secured credit.
• Close Brothers Motor Finance: A major UK motor finance lender on Creditas's panel. Comparable as a scaled motor finance distributor with both dealer and direct channels, and a potential long-term disintermediation threat as it deepens direct dealer relationships.
• Auto Trader: The UK's largest automotive marketplace, increasingly embedding finance and credit journeys on its platform. Comparable as a broad incumbent with the scale and consumer data to disintermediate brokers by enabling direct lender-to-consumer finance journeys.

Direct peers

• Car Finance 247: A UK-based motor finance credit broker operating a similar panel-based intermediary model. Direct competitor for both consumer-direct applications and dealer-originated finance proposals across the prime and near-prime credit spectrum.
• Oodle Car Finance: UK car finance broker operating as both a lender and a panel-based intermediary. Appears on Creditas's lender panel, indicating direct overlap in customer acquisition, vehicle finance distribution, and dealer network coverage.
• Moneybarn: UK specialist motor finance lender focused on non-prime / subprime borrowers, also on Creditas's panel. Highly comparable given overlap in specialist vehicle finance distribution and shared customer base of credit-impaired car buyers.
• Motonovo Finance: A UK motor finance lender and intermediary on Creditas's panel. Operates a similar dealer-channel and consumer-facing proposition across prime and specialist vehicle finance, with overlapping customer and dealer reach.
• Blue Motor Finance: A specialist UK motor finance lender focused on prime and near-prime consumers, and a member of Creditas's lender panel. Direct overlap in dealer-originated vehicle finance and shared customer base in the UK used-car segment.

Emerging players

• Carwow: A UK online car marketplace that connects consumers to dealers and increasingly offers finance as part of the purchase journey. Comparable as an emerging digital channel that competes with traditional brokers for consumer finance originations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Creditas Financial Solutions