Mitsubishi HC Capital UK

What Mitsubishi HC Capital UK does

Mitsubishi HC Capital UK PLC is a UK-registered financial services company (Cardiff, Company No. 1630491; FCA-authorised) operating as the UK and European platform of Mitsubishi HC Capital Inc. The business was founded in 1981 as Hitachi Capital (UK) PLC and became a wholly owned subsidiary of Mitsubishi HC Capital Inc. following the April 2021 merger of Mitsubishi UFJ Lease & Finance and Hitachi Capital Corporation; it now trades in the UK under the Novuna brand. It provides consumer credit and retail point-of-sale finance, personal loans, asset finance (hire purchase, finance lease), invoice finance, and vehicle leasing and fleet management through sub-brands including Novuna Consumer Finance, Novuna Personal Finance, Novuna Business Finance, Novuna Business Cash Flow, Novuna Vehicle Solutions, MHC Mobility (seven European countries), and European Vendor Finance (22 countries). The company reports £79.1m Profit Before Tax, £9.6bn Net Earning Assets, £5.54bn Volume of New Business, 2,200+ employees, and 1.4 million customers.

The business earns revenue primarily through net interest income on its lending book (over £2.61bn lent to 1.4m consumers in FY19/20 alone), transaction-based fees on asset finance (Business Finance £758m new business with 13% portfolio growth), recurring monthly rental income on vehicle leasing and fleet management (95,000+ assets, £1.2bn UK fleet), and European vendor finance volumes (£235m FY19/20 across 20 countries). Distribution is multi-channel: direct enterprise sales for large fleet accounts (Network Rail £136m contract, DEFRA 4,500 vehicles), broker and intermediary networks for SME asset finance, retail point-of-sale partnerships with 3,200+ UK merchants (including an exclusive tie-up with the Company of Master Jewellers covering 150 retailers), and self-serve digital platforms under Novuna.

Technology and sustainability are positioned as differentiators. The FLi digital onboarding platform for invoice finance uses AI-powered processing that increased payout speed by 94%, while the company has been an early issuer in sustainable finance — a USD 40m debut Green Bond (March 2021), a EUR 325m public Green Bond (October 2021) oversubscribed three times and rated DARK GREEN by Sustainalytics, and a EUR 30m sustainable fixed-term fund (June 2024). Sustainability positioning is reinforced operationally through a £10m / 19.63% equity stake in GRIDSERVE Holdings and loan facilities supporting its Electric Forecourt EV charging network.

Name

Mitsubishi HC Capital UK

Legal name

Mitsubishi HC Capital UK PLC

Website

https://mitsubishihccapital.co.uk

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mitsubishi HC Capital UK PLC is the FCA-authorised UK and European arm of Mitsubishi HC Capital Inc., providing consumer credit, asset finance, vehicle leasing, and invoice finance to 1.4 million customers across the UK and 22 European countries under the Novuna trading brand.

Ownership category

akta.pro rank

Product category

Consumer and Business Finance

NAICS

Automotive Equipment Rental and Leasing (5321), Sales Financing (52222)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Fleet & Commercial Vehicle Finance (FSAKADAE)

akta.pro secondary industries

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Consumer credit services
• Asset finance leasing
• Vehicle fleet management
• Invoice discounting factoring
• Vendor finance solutions

Headquarters

HQ city

Staines

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Consumer Credit and Retail Finance: Interest-bearing credit products including personal loans, retail point-of-sale financing at partner retailers. The company holds 20% market share in the UK retail point-of-sale sector and lent over £2.61 billion to over 1.4 million customers in FY19/20.
2. Asset Finance: Hire purchase, finance lease, and asset-backed lending solutions for SMEs and larger corporations. Business Finance division achieved £758m in new business with 13% asset portfolio growth.
3. Vehicle Leasing and Fleet Management: Vehicle funding and fleet management services through Novuna Vehicle Solutions and MHC Mobility. Operating over 95,000 assets with the UK fleet valued at £1.2bn. Ranked as 7th largest UK leasing company.
4. Invoice Finance: Working capital financing through invoice discounting and factoring, providing businesses efficient access to funds supported by digital signature and improved data security.
5. European Vendor Finance: Tailored finance solutions for specialist assets supporting manufacturers, vendors, and distribution partners throughout Europe. Transacted £235m in FY19/20 across 20 countries.
6. Green Bond Financing: Sustainable financing through green bond issuances including EUR325m public green bond and USD40m debut green bond, exclusively financing eligible green projects.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Mitsubishi HC Capital UK provides consumer credit, asset finance, vehicle leasing and fleet management, and business cash flow solutions to UK and European customers. Offerings are delivered primarily through the Novuna trading brand and its European vendor finance division, serving both individual retail customers and businesses across motor, healthcare, technology, renewables and manufacturing sectors.

Product overview

Mitsubishi HC Capital UK is a diversified financial services company operating as a single unified organization with multiple product lines under the Novuna trading brand. The company offers consumer finance (retail point of sale, personal loans), business finance (asset finance, business cash flow), and vehicle solutions (fleet management, vehicle leasing) across the UK and Europe. Two specialist European divisions provide tailored vendor finance and mobility solutions across multiple countries. The portfolio includes Novuna Consumer Finance, Novuna Personal Finance, Novuna Business Finance, Novuna Business Cash Flow, Novuna Vehicle Solutions, European Vendor Finance, and MHC Mobility - all unified under the Novuna brand in the UK while operating internationally as Mitsubishi HC Capital Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Novuna Vehicle Solutions: Vehicle leasing, fleet management and asset solutions for businesses, providing funding to help decarbonise and futureproof fleets.
• Novuna Consumer Finance
• Novuna Personal Finance
• Novuna Business Finance
• Novuna Business Cash Flow
• European Vendor Finance
• MHC Mobility

Products and services

• Novuna Consumer Finance (Retail Point-of-Sale Credit) White-label point-of-sale consumer credit offered through a network of over 8,000 UK retail partners for higher-value consumer purchases. The product enables retail partners to brand finance as their own while relying on Mitsubishi HC Capital UK's credit underwriting and servicing.
• Novuna Personal Finance (Personal Loans) Personal unsecured loans for individual consumers in the UK, distributed under the Novuna consumer brand.
• Novuna Business Finance (Asset Finance) Asset finance products including hire purchase and finance lease for UK businesses and SMEs acquiring capital assets, equipment and machinery.
• Novuna Business Cash Flow Solutions Working capital finance solutions for UK SMEs to bridge cash flow gaps, delivered as part of the Novuna Business Finance suite.
• Novuna Vehicle Solutions (Vehicle Leasing and Fleet Management) Contract hire, vehicle leasing and full fleet management services for UK businesses operating company car and commercial vehicle fleets.
• Hitachi Capital Invoice Finance / FLi (Invoice Discounting and Factoring) Invoice discounting and factoring facilities for UK SMEs, with digital onboarding via the FLi platform and AI-powered processing to deliver payouts up to 94% faster than industry norms.
• European Vendor Finance (Specialist Asset Finance for Manufacturers and Vendors) White-label and embedded asset finance solutions provided to manufacturers and distributors across the UK and Continental Europe, enabling them to offer finance at the point of sale to their own customers.
• MHC Mobility (European Sustainable Mobility Solutions) European mobility offering covering electric vehicle leasing, fleet electrification support and decarbonisation services for businesses operating across the UK, France, Netherlands and Czech Republic.

Quantifiable outcome

• 1.4 million customers served across business divisions
• +5 more outcomes

Named customers7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core/flagship and minor.

• Mitsubishi UFJ Lease & Finance Company Limitedcore/flagshipStrategic or Co-development Partner · 24 September 2021Business integration through merger effective April 1, 2021. Mitsubishi UFJ Lease (surviving company) and Hitachi Capital Corporation merged to form Mitsubishi HC Capital Inc. The merger created one of the largest global players in the industry with 10 trillion yen of total assets. Merger ratio of 5.10 shares of Mitsubishi UFJ Lease for each Hitachi Capital share.
• The Company of Master Jewellers (CMJ)minorChannel Partner/ Reseller/ Distributor · 31 March 2021Approved supplier partnership providing Hitachi Capital Consumer Finance products to CMJ's 150 retail members across UK and Ireland. CMJ retailers receive interest-free credit and interest-bearing credit facilities under exclusive preferential terms, with dedicated account manager support.
• WHSmithminorOthers · 7 December 2020Operating retail space at GRIDSERVE Electric Forecourts. WHSmith operates comprehensive retail facilities including WHSmith store, Costa Coffee, Booths, Post Office, and Gourmade food court. Part of the customer experience amenities at EV charging locations.
• Dutch Government (RVO)minorOthers · 2 December 2020Hitachi Capital European Vendor Solutions approved as one of a small number of providers to support businesses in the Netherlands under the BMKB-C SME credit guarantee scheme. The scheme offers loans with 75% government credit guarantee for SMEs impacted by COVID-19.
• Worcester BoschminorChannel Partner/ Reseller/ DistributorVendor finance partnership for Worcester Bosch equipment. Listed in the site map as an equipment finance partner under the European Division.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lombard (NatWest Group): Direct competitor in UK asset finance, vehicle leasing, and invoice discounting, with comparable SME and corporate customer base and similar product breadth across hire purchase, finance leases, and fleet management.
• Close Brothers: UK-listed specialist banking group with comparable SME asset finance, vehicle leasing, and invoice finance divisions serving UK consumers and SMEs with similar origination and credit underwriting models.
• Aldermore Bank: UK challenger bank focused on SME asset finance, invoice finance, and vehicle leasing, competing head-to-head in the same SME broker channels and dealer networks.
• Siemens Financial Services: Captive vendor finance arm financing equipment and specialist assets across Europe, directly comparable to European Vendor Finance's manufacturer and vendor partnership model.
• Volkswagen Financial Services: OEM-affiliated vehicle finance and leasing provider offering fleet solutions, retail finance, and dealer finance competing directly with Novuna Vehicle Solutions and MHC Mobility.
• DLL (De Lage Landen): Global vendor finance provider (Rabobank subsidiary) operating across asset finance, leasing, and fleet solutions in similar European verticals to MHC UK.
• BNP Paribas Leasing Solutions: European vendor finance and equipment leasing business with overlapping asset finance and fleet management offerings across multiple European geographies, directly comparable to European Vendor Finance.
• Paragon Bank: UK specialist bank with comparable asset finance and motor finance franchises, serving similar SME and consumer segments through broker and direct channels.

Emerging players

• Shawbrook Bank: UK challenger bank providing SME asset finance and asset-backed lending, with growing presence in specialist lending segments overlapping with Novuna Business Finance.

Broad incumbents

• HSBC UK Asset Finance: Asset finance and vehicle leasing arm of HSBC competing in UK SME asset finance and corporate fleet management as part of a broader commercial banking portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mitsubishi-hc-capital-uk-plc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Mitsubishi HC Capital UK