Statements

Regular statements cover fixed periods, but businesses sometimes need a record that spans different dates, for example to support a finance application, an audit, or a specific reporting window. We can usually help.

When a custom range is useful

• Providing a lender or investor with activity over a defined window.
• Matching a reporting period that does not align with your statement dates.
• Pulling together activity around a particular event or transaction.

How to request one

The quickest route is to download the regular statements that cover the dates you need and pass on the relevant ones. If you need a single document for a non-standard range, contact our support team with your account reference and the exact start and end dates. The more precise you are about the dates and the purpose, the faster we can produce something that fits.

What a custom record will and will not be

Any custom record is drawn from the same underlying account activity as your regular statements, so the figures will reconcile. It is a record of what happened, not a forecast or a quotation, and it will not state new pricing, since the rate that applies is the one already set out in your offer. As Credicorp lends only to UK limited companies and LLPs, any record we produce relates to your company's facility.

See also: What do the statement period dates mean?, Can I change my Slice instalment dates? and Statement glossary: statement period.

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Not everyone finds standard A4 typeface in small print easy to read, and not everyone uses email or paper letters in the same way. We can adapt how we send you information without making a fuss about it — please just let us know.

Alternative formats we can usually offer

• Large print. A larger typeface (typically around 16 to 20 point) on standard A4 — useful for visual impairment or when small print is straining.
• Plain language summary. A short, plain-English summary of a longer letter, on request.
• Accessible electronic format. Documents sent as plain text or as accessible PDFs that work properly with screen readers.
• Different channel. If post is not working for you, we can send documents by email instead (or vice versa).

How to ask

The simplest route is the Additional Support Needs form. Tell us what format works for you and we will record it on your account so all future correspondence comes through that way. If you only need a single document in a different format — for example a large-print copy of one statement — use the General Support Enquiry form and tell us which document and which format.

If someone else needs to help you read your correspondence

If a friend, family member or advocate helps you handle your post, we can put a note on the account so they can be present on calls and so we know to send documents in a way that suits the arrangement. We may ask you to confirm in writing who is authorised to speak with us. Free, independent advice on all of this is available from Citizens Advice and from the RNIB if a visual impairment is involved.

What we will not do

We will not charge you for providing information in an accessible format. This is a basic requirement under UK equality law and we treat it as standard practice rather than an extra. Equally, asking for an alternative format will never affect how your account is treated in any other way.

See also: Accessibility and additional support, Can I get my documents in large print?, Funding for print and signage companies.

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Your Credicorp statements are records of your company's facility, so sharing them with the people who keep your books is entirely expected. Accountants and bookkeepers rely on them to reconcile the account and prepare your accounts.

The cleanest way to share

• Download the statement as a PDF from your account.
• Send the file to your adviser through whatever secure channel you normally use, for example your accounting software's document area or a shared drive.
• Include the statement period in the file name so they can see at a glance what it covers.

If they need ongoing access

Rather than forwarding every statement by hand, you may prefer to authorise a finance team member to access the account directly. Because the facility belongs to your company, you control who can manage it on the company's behalf. Speak to our support team about the options available for your account.

Keeping it secure

Statements contain commercial information about your company, so treat them like any sensitive financial document. Share them only with people who genuinely need them, and avoid sending them over insecure channels. Note that as an exempt business lender, your facility sits outside the consumer credit regime, so the protections that apply to personal borrowing, such as the Financial Ombudsman Service, do not apply here.

See also: How long should I keep my statements for audit and Companies House?, Can a facility replace an unreliable business overdraft? and Can I give my accountant access to my account?.

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Your Credicorp statement is a record of activity on your company's facility, and your accountant will often use it when preparing VAT returns and your Corporation Tax computation. It is a supporting record rather than a tax document in its own right.

Where it helps

• Showing the cost of borrowing applied over the period, at the rate set out in your offer, which your accountant may consider in your accounts.
• Reconciling the facility so the figures in your accounts and returns are supported.
• Providing a clear audit trail if HMRC or your auditor asks how a figure was arrived at.

What it is not

A statement is not a VAT invoice and does not itself decide how anything is treated for tax. How the cost of business borrowing is handled in your accounts and returns depends on your company's circumstances and the relevant rules at the time.

Talk to your adviser

We can show you what happened on the facility, but we cannot give tax advice, so your accountant or tax adviser should confirm the treatment. Because Credicorp lends only to UK limited companies and LLPs for business purposes, the facility is a company arrangement throughout, which is why these documents belong in your company's records.

See also: Is my statement an official document I can rely on?, How to read your statement of account, What is the summary panel at the top of my statement?.

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Every issued statement is stored in your Credicorp account portal and can be downloaded at any time. You do not need to contact support to retrieve a past period — simply navigate to the right facility and select the month you need.

Finding the right statement

• Sign in to your account at clients.credicorp.co.uk.
• Open the facility the statement relates to (your Business Loan, Flex facility, or Slice account).
• Go to the Statements section — your history is listed by period, most recent first.
• Locate the month you want and click the download icon or PDF link next to it.
• Save the file to your chosen location, such as your accounting software's document store or a shared drive folder.

Statement periods and availability

Statements are generated at the end of each billing period. If the month you need is not yet listed, it may not have been issued yet — statements for the current incomplete period are not available until the period closes. Older periods remain accessible in your full statement history. If you need a range of months for your accountant or a year-end review, you can download each period individually as a separate PDF.

Tips for filing downloaded statements

Naming files consistently saves time later. A format such as Credicorp-Flex-2025-03.pdf (company-facility-year-month) keeps a year's downloads in chronological order automatically. Many finance teams keep a dedicated folder in their accounting platform or cloud drive for facility statements.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: How do I request a settlement figure for my loan?, Getting a statement ready to share with your accountant.

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Your statements are available to view and download whenever you are signed in to your Credicorp account. Saving a PDF copy is the easiest way to file it, attach it to an email, or pass it to your bookkeeper.

Step by step

• Sign in and open the account the statement relates to.
• Go to the statements area for that facility.
• Find the period you want in the list of issued statements.
• Choose the download or PDF option next to that statement.
• Save the file somewhere your finance team can find it.

Tips for keeping copies tidy

It helps to name saved files consistently, for example by company, facility and period, so a year's worth of statements sorts neatly in a folder. Many businesses keep a dedicated folder in their accounting software or shared drive for exactly this.

Good to know

The PDF is a faithful copy of the statement as issued, so it carries the same layout and the same figures you see on screen. If you need a statement for a period that is not yet showing, it may simply not have been issued yet. As a UK business lender we keep your company's statement history available to you, so older periods remain accessible too. To get started, sign in to your account and open the statements area for your facility.

See also: How to reconcile your Credicorp statements against your books, The Business Purpose Declaration: what you're signing and Can I give my statement to my accountant or bookkeeper?.

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Past statements do not disappear once a new one is issued. They are filed in your account so you can look back over the life of your facility whenever you need to, whether for an audit, a year-end, or a query from your accountant.

Where to look

• Sign in and open the relevant account, Credicorp Flex or Credicorp Slice.
• Open the statements area, where issued statements are listed by period.
• Scroll back, or use any date filter on the page, to reach the period you want.

If you cannot find a particular period

First check you are looking at the correct facility, since a company with more than one account will have separate histories. If the period still is not there, it may predate the first statement issued on the account, or it may not have been generated yet. Our support team can confirm what should exist and help you retrieve it.

Keeping your own archive

Even though we retain your history, many finance teams download a copy of each statement as it is issued so they always have it to hand offline. This is good practice for any business record. Because the facility belongs to your company, anyone you authorise to manage the account can access the history on the company's behalf.

See also: Can I get a statement for a custom date range?, What do the statement period dates mean?, What is the summary panel at the top of my statement?.

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If your accountant needs the total interest and fees your company paid on its Credicorp facility over a financial year, there are two ways to get that figure: the year-end summary document, or by totalling the relevant lines across your monthly statements for the year.

The year-end summary

Your account includes a year-end summary document that consolidates the key figures for a full financial year. This shows the total cost of credit charged during the period — which your accountant can use directly as the borrowing cost to post to your profit and loss account. It is available in your portal once the relevant year has closed. If your company's financial year does not match the calendar year, you may need to combine two summary periods or use the monthly statements to cover the exact dates of your accounting year.

Using monthly statements to total interest

Each monthly statement shows the interest or fee charged for that period as a separate line. To build an annual total, download each statement for the months that fall within your financial year and add up the interest or fee lines. For a Business Loan with fixed repayments, the repayment schedule your accountant holds at the outset already shows the interest element of each payment for the full term.

Which product you have makes a difference

• Business Loan — interest is built into the fixed repayments; the repayment schedule shows the split.
• Flex — interest is charged monthly based on your drawn balance; each statement shows the period charge.
• Slice — the cost is a flat 6% fee per bill, not interest; the fee line on each Slice statement is the total cost of that facility.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, What records do I need at year end for my Credicorp facility?.

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Your Credicorp statements are company financial records, and sharing them with your accountant or bookkeeper is entirely standard. They use them to reconcile the facility in your management accounts, post the cost of borrowing to the right nominal codes, and prepare your statutory accounts.

The quickest way to get a statement to your accountant

• Sign in to your account and open the relevant facility.
• Navigate to Statements and find the period your accountant needs.
• Download the statement as a PDF.
• Send the file through your normal secure channel — most accountants accept documents via their client portal, a shared cloud folder, or encrypted email.

Giving your accountant multiple periods at once

For year-end work your accountant will typically need every statement issued during the financial year. Download each period individually and name the files clearly — for example by facility and month — so they can see at a glance what is covered without opening every file. Some firms prefer a single folder per financial year containing all statements for all facilities.

If your accountant needs a running record of interest

Many accountants want to see total interest and fees paid over the year as a single figure. While individual statements show the charge for each period, your year-end summary or a custom date-range statement may be more efficient to provide. You can also ask your accountant whether they want the detailed transaction-level statements or a summary document — both are available in your portal.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, Year-end records and your Credicorp facility.

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Credicorp statements are generated directly from the transaction records on your account, so errors are uncommon — but if a figure does not match what you expect, it is always worth raising it promptly. Queries are easier to resolve when they are raised close to the date of the entry in question.

Before you raise a query

Most apparent discrepancies turn out to be timing differences or entries that are correct but not immediately obvious. Check the following before contacting support:

• Does the statement cover the period you think it does? Check the period start and end dates at the top of the statement.
• Is the entry a drawdown, a repayment, or a charge? They can look similar on a busy statement.
• For a Flex facility, has a repayment you made been applied in this period or the next one?
• Is there a charge type on the statement you have not seen before? Our charges guide explains every line type.

How to raise a query

• Sign in to your account and use the support or messaging feature, or contact our team by email.
• Quote the statement period, the line date, and the amount you believe is incorrect.
• Explain briefly what you expected to see and why.
• Attach a copy of the statement if it helps clarify what you are referring to.

What happens next

Our team will review the transaction records against the entry you have flagged and respond with an explanation or, if an error is confirmed, arrange a correction. If a correction is needed, it will appear on your account as a clearly labelled adjustment line, and you will receive an updated statement where applicable. We aim to resolve factual queries quickly — usually within a few business days of receiving all the relevant information.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, How do I request a settlement figure for my loan?.

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Reconciling your Credicorp facility with your business bank account is a routine part of keeping tidy books. The key is understanding which entries on your Credicorp statement should have a corresponding credit or debit in your bank, and which are internal accounting entries that do not move cash directly.

Entries that appear in your bank

• Drawdowns — when funds are released to you, the amount appears as a credit in your business bank account. Match the drawdown line on your statement to that incoming transfer by date and amount.
• Repayments — scheduled or early repayments leave your bank as debits. Match each repayment line to the outgoing direct debit or bank transfer.

Entries that do not appear directly in your bank

• Interest and fee charges — these accrue on your Credicorp account. They reduce your available balance or increase your outstanding balance, but unless they are collected separately (for example as part of a scheduled repayment that includes interest), you will not see a standalone bank transaction for them.
• Opening and closing balances — these are running totals within the facility, not bank movements.

A simple reconciliation workflow

Start with each drawdown or repayment on your Credicorp statement and find the matching entry in your bank statement by date and amount. Tick both off. Any unmatched items are worth investigating — a common cause is a payment made at the end of a period that settles in the bank a day later and therefore falls in a different bank-statement period. Once cash movements are matched, pass the interest and fee lines to your accountant for correct nominal-code posting.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, What records do I need at year end for my Credicorp facility?.

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A settlement figure is the precise amount your company needs to pay to close a Credicorp facility completely on a specific date. It is different from the outstanding balance shown on your statement, which assumes you continue to the end of the agreed term.

Why the settlement figure differs from your balance

Your statement balance reflects the total remaining under your contract if you pay to schedule. A settlement figure is calculated to a specific date and takes into account only the interest that has actually accrued up to that point. On a Business Loan it may also include an early-settlement charge of up to 28 days' interest if you are repaying before the end of the term. The figure is generated in real time, so it is always accurate for the date you specify.

How to request one

• Sign in to your account at clients.credicorp.co.uk.
• Open the facility you want to settle.
• Use the settlement or early repayment option in the account menu.
• Select the date you intend to pay — the figure is shown to you before you confirm anything.
• If you need the figure in writing for your accountant or solicitor, download or print the confirmation screen.

What happens after you receive the figure

The settlement figure is valid for the date specified. If you do not pay on that date, you will need to request a fresh figure, since daily interest continues to accrue on Flex balances and some loans. Once you make the full settlement payment and it is confirmed, your account is closed and no further charges apply. You will receive a closure confirmation you can retain for your records.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What do the charges on my statement mean?, How do I raise a query or correct an error on my statement?.

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How long an organisation keeps your information is one of the questions people ask us most often. Here is how it works at Credicorp Limited.

The principle

Under UK data-protection law (the UK GDPR and the Data Protection Act 2018) we are only allowed to keep your personal information for as long as we need it for the purpose we collected it for. "As long as we need it" is shaped by several rules at once:

• tax record-keeping rules (HMRC requires financial records to be kept for several years) and anti-money-laundering record-keeping under the Money Laundering Regulations 2017;
• HM Revenue & Customs rules on how long we must keep financial records for tax purposes;
• limitation rules — the period during which a legal claim could be brought against, or by, either party;
• specific complaint-handling and Ombudsman timelines.

For most customer loan files those rules taken together come out at around six years after the relationship ends. There are some categories — call recordings, marketing-consent records, employment-related records — with different (typically shorter) retention periods. Our full retention schedule is summarised in our Privacy Policy.

While your account is open

While your loan is active, we keep the full record. You can ask for a copy of your Business Loan Agreement or a statement of account at any time using the Statement Request or Copy of Agreement form. There is no charge for a reasonable request.

After your account closes

After closure we hold the record for the period set out above. During that period you can still:

• ask for a copy of the closed account record under a subject access request (see subject access requests);
• raise a complaint about something that happened while the account was open (subject to the time limits in our complaints time-limits article);
• ask for the information held about you to be corrected if it is wrong.

Deletion at end of retention

When the retention period runs out, the information is securely deleted from our systems. We do not retain personal data "just in case" beyond what the rules allow. If you ever have a specific question about the data we hold about you, please contact our privacy team via the General Support Enquiry form.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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Statements for your Credicorp facility are part of your company's financial records, so they fall within the record-keeping you already do for your accounts, your auditors, and HMRC.

Why keep them

• They support the figures in your statutory accounts filed at Companies House.
• They give auditors a clear trail for how the facility moved over the year.
• They back up the cost of borrowing claimed in your accounts and tax return.

How long to keep them

UK companies are generally required to keep accounting records for several years, and the exact period depends on your circumstances and the relevant rules at the time. Your statements should be retained at least as long as the accounts they support. Your accountant can confirm the right retention period for your company, since the duty sits with the company and its directors.

Practical archiving

We keep your statement history available in your account, but it is sensible to download and archive your own copies too, ideally alongside the accounts for each year. A consistent folder structure by financial year makes any future audit straightforward. Because Credicorp lends only to UK limited companies and LLPs, these are always company records, never personal ones, and no director gives a personal guarantee for the facility.

See also: How long do you keep my records?, Can I give my statement to my accountant or bookkeeper?, Can I use my statement for VAT and Corporation Tax?.

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You do not have to wait for a statement to land — your portal lets you generate one whenever you need it. Here is when statements appear and how to get a copy on demand.

On request, any time

Sign in to your portal and you can produce a current statement of account for any of your loans on the spot, then download or print it as a PDF with selectable text. This is the quickest way to get an up-to-date record — for your accountant, your own files, or a finance application.

At key points in the loan

We also make a statement available at the moments that matter: when the loan is drawn down, and when it is settled or closed. If your account ever falls into arrears, we will keep you informed in writing as part of supporting you back on track.

If you have closed your account, you can still ask for a copy of the closed-account record during the period we are required to keep it — see how long we keep your records. For what is on a statement, see how to read your statement of account. This relates to lending to a body corporate, outside FCA consumer-credit regulation under Articles 60B and 60L FSMA RAO 2001; the Financial Ombudsman Service and the FSCS do not apply.

See also: Can I get a statement for a custom date range?, How do I find an old statement in my history?, Can I give my statement to my accountant or bookkeeper?.

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Your statement of account — sometimes called a statement of borrowing — is the official record of your loan with Credicorp. You can view or download it from your portal at any time. This article explains what each part means so it is easy to read at a glance.

The header

At the top you will see the issue date, the loan reference number, and the two parties: Credicorp Limited as lender and your company as borrower, with your Companies House number and the signing director. This is what makes the statement a true record you can rely on or share with your accountant.

The totals

The repayment schedule

Below the totals is the schedule: each instalment with its number, due date, amount, and whether it is paid or still due. This is the same schedule you agreed at signing, so you can always check what is coming and when.

If anything on your statement does not look right, please contact us and we will check it. For how long we keep these records, see how long we keep your records. This statement reflects an agreement with a body corporate, which is outside FCA consumer-credit regulation under Articles 60B and 60L of the FSMA Regulated Activities Order 2001, so it is not a regulated credit agreement and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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If something on your statement does not match your expectations, it is worth a quick check before you contact us, because most apparent errors trace back to a single identifiable entry.

Check these first

• Confirm you are looking at the right facility and the right period.
• Remember the closing position of the previous statement should equal the opening position of this one.
• Look for an entry whose date falls just outside the period, which would put it on a neighbouring statement.
• Match each line against your own records to find the one that differs.

What to send us

Once you have found the line you are unsure about, contact our support team with your account reference, the statement period, and the date and description of the specific entry. That detail lets us locate it straight away rather than working through the whole account.

What happens next

We will review the entry against the underlying account activity and explain what it is, or correct it if it genuinely needs adjusting. Any correction appears on your account as a clear, dated entry so the audit trail stays intact. Because the facility belongs to your company, an authorised finance colleague can raise and follow up the query on the company's behalf.

See also: What do the statement period dates mean?, What is the summary panel at the top of my statement?, How do I find an old statement in my history?.

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Yes. Your Credicorp statement is a true record of the activity on your company's facility for the period it covers, generated directly from the account. It is suitable for your bookkeeping, your statutory accounts, and audit purposes.

What makes it reliable

• It is produced from the same underlying account data as every figure we hold.
• The opening and closing positions chain to the neighbouring statements, so the record is continuous.
• Descriptions are in plain English, so an auditor can follow the activity without internal codes.

What it does not do

A statement records what has already happened on the account. It is not a quotation, a settlement letter, or a forecast. If you need a figure to clear the facility on a particular day, that is a settlement figure and is provided separately, because it is calculated to a specific date.

The regulatory position

Credicorp is an exempt business lender, lending only to UK limited companies and LLPs for business purposes. Your facility sits outside the consumer credit regime, which means protections designed for personal borrowing, such as the Financial Ombudsman Service and FSCS, do not apply. That does not change the accuracy or usefulness of your statement as a business record, it simply reflects that this is commercial lending to your company.

See also: How to read your statement of account, Can I use my statement for VAT and Corporation Tax?, What is a year-end summary document for?.

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Opening balance and closing balance are the two anchor figures on any statement. Together they tell you where your facility stood at the start and end of the statement period.

Opening balance

The opening balance is the position of your account on the first day of the statement period, before any of that period's activity is applied. It is carried straight over from the closing balance of the previous statement, which is why your records should run continuously from one period to the next.

Closing balance

The closing balance is the position on the last day of the period, after every movement during that period has been applied. It is usually the figure your bookkeeper reconciles against your accounts, and it becomes the opening balance of the next statement.

How to use them

• Read top to bottom: opening balance, then each dated entry, arriving at the closing balance.
• Check that one statement's closing balance equals the next statement's opening balance.
• If they do not match, an entry has been missed and the detail will show where.

A balance is not the same as a settlement figure, which is the amount needed to clear the facility on a specific day and is provided separately. Your facility is a company account, since Credicorp lends only to UK limited companies and LLPs.

See also: Statement glossary: running balance, Statement glossary: statement period and Arrears (glossary).

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The running balance is the figure shown alongside each entry in the transaction list. It tells you the position of your facility immediately after that particular movement was applied, so you can follow the account moving down the page.

How it works

Each line records an amount, and the running balance to its right reflects the account once that amount has been taken into account. The running balance on the first line starts from the opening balance, and the running balance on the final line equals the closing balance shown in the summary.

Why it is useful

• You can see the effect of any single transaction without adding up the whole list yourself.
• It makes spotting the line that caused an unexpected change much easier.
• It gives auditors a clear, step-by-step trail from opening to closing balance.

A quick check

If you ever doubt a figure, follow the running balance line by line from the opening balance, you should arrive exactly at the closing balance. If you do not, the line where it diverges is the one to ask us about. This is a record of your company's facility, since Credicorp lends only to UK limited companies and LLPs.

See also: Statement glossary: opening balance and closing balance, Statement glossary: statement period and Arrears (glossary).

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The statement period is the window of time a single statement covers, shown as a start date and an end date near the top of the page. It is the rule that decides which activity belongs on that statement and which does not.

What it determines

Any movement on your facility dated within the period appears on the statement. Anything dated before the start date is already captured in the opening balance carried over from the previous statement, and anything dated after the end date will appear on the next one. There are no gaps and no overlaps, so your statements chain together cleanly.

Why it matters

• When reconciling, set your own date filter to match the statement period so you do not double count.
• If a transaction looks missing, check whether its date falls just outside the period.
• The closing balance on the period's last day becomes the opening balance for the next period.

Related terms

The statement period is not the same as your financial year, which a year-end summary covers, nor the same as a due date, which is when something must be paid. Whichever applies, your statement relates to your company's facility, because Credicorp lends only to UK limited companies and LLPs for business purposes.

See also: Statement glossary: opening balance and closing balance, Statement glossary: running balance and Arrears (glossary).

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Two numbers on your account look similar but answer different questions, and mixing them up can cost you money. Here is the difference between your outstanding balance and a settlement figure.

Outstanding balance

Your outstanding balance is what is left to pay if you keep to your agreed schedule to the end of the term. It is the running figure you see on your statement of account: total repayable under the contract, minus what you have paid so far.

Settlement figure

A settlement figure is the exact amount to clear the loan in full today. Because interest is charged only for the days you actually hold the balance, stopping now usually means you pay less interest than running to term — so a settlement figure is often lower than the outstanding balance. On a one-time Business Loan it may include an early-settlement charge of up to 28 days' interest; whatever the number, it is shown to you before you confirm.

To get a settlement figure, sign in to your portal and request one — it is generated live and shown before you commit. For paying off early in general, see repaying your loan early. This relates to lending to a body corporate, outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001; the Financial Ombudsman Service and the FSCS do not apply.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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Below the summary panel, your statement shows a dated list of every movement on the account during the period. This is the part your bookkeeper will work through line by line when reconciling.

How a line is built up

Each entry generally records the date it happened, a short description of what it was, the amount, and the running position of the account afterwards. Reading top to bottom, you can follow how the account moved from its opening position to its closing position.

Common kinds of entry

• Amounts drawn or advanced on your facility.
• Repayments received.
• Any cost of borrowing applied, shown at the rate set out in your offer.
• Adjustments, where something has been corrected or rebalanced.

Reconciling against your books

The reliable way to check a statement is to match each line to an entry in your own records. If something does not match, note the date and description of the line in question before contacting us, because that reference lets our team find it immediately. We have deliberately kept descriptions in plain English rather than internal codes, so an entry should make sense without a glossary. The statement always relates to your company's facility, since Credicorp lends only to UK limited companies and LLPs.

See also: What is the summary panel at the top of my statement?, How to read your statement of account, Statement glossary: running balance.

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For most UK limited companies, the cost of borrowing on a business facility is a deductible expense that reduces your taxable profit. Your Credicorp statements give you the figures your accountant needs — but it is important to use the right lines and to take advice on how they are treated under your specific circumstances.

What to look for on your statements

Your statements show each charge separately. The lines relevant to your tax return are typically:

• Interest charged on your Business Loan or Flex facility for the period.
• The flat fee on a Slice account (the 6% of the bill amount), which is the total cost of the facility rather than interest as such.
• Any arrangement or administration fees charged at the time the facility was set up or varied.

Capital repayments — the portion of your payments that reduces what you owe — are not a deductible expense and should not be confused with the interest or fee element.

How your accountant uses this

In accruals accounting, interest is recognised in the period it accrues, not necessarily when it is paid. Your monthly statements show the charge for each period, which is what your accountant needs to match the cost to the correct accounting period. For a Business Loan with fixed repayments, your repayment schedule breaks down each payment into its capital and interest components.

A note on advice

The deductibility of financing costs depends on a number of factors, including transfer-pricing rules if there are group relationships, and the corporate interest restriction rules for larger borrowers. This article is a guide to what your statements contain — your accountant or tax adviser should determine the correct treatment for your company's position.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What records do I need at year end for my Credicorp facility?, How do I get a statement to share with my accountant?.

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Each line on your Credicorp statement is a record of money moving in or out of your facility. Understanding what each charge represents makes reconciliation straightforward and helps your accountant post entries correctly.

Business Loan — fixed repayments

On a Business Loan you see a series of scheduled repayments, each of which covers a portion of the principal and a portion of the total cost of credit. Because the loan has a fixed term and fixed payments, the total you will pay is agreed upfront and does not change if you pay to schedule. The interest element within each payment is shown separately so you can record it accurately in your accounts.

Flex — interest on drawn balances

The Credicorp Flex revolving credit facility charges interest only on the amount you have drawn, and only for the days it is outstanding. Your statement shows each drawdown, each repayment, and then the interest accrued for the period. If your balance moves during the month, you will see multiple draw or repay lines before a single interest charge at the period end. There is no charge on undrawn headroom.

Slice — the flat 6% fee

Credicorp Slice spreads a specific business bill across 3–4 weekly instalments. The cost is a flat 6% fee applied once to the bill amount — there is no compounding interest. Your statement shows the original bill value, the fee charged, the instalment schedule, and each payment made. The total you pay is always the bill amount plus 6%, split across the agreed instalments.

Other lines you may see

• Drawdown — funds sent to your nominated business bank account.
• Repayment — a payment received from your company.
• Adjustment — a correction applied to the account; if you see one you did not expect, contact support.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: How do I download a statement for a specific month?, What counts as interest paid for your Corporation Tax return?.

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Near the top of every statement you will see a period, shown as a start date and an end date. These two dates do more than label the document, they define precisely which activity the statement captures.

How the dates work

A statement includes the movements that fall within its period and excludes anything before the start date or after the end date. Activity before the start is already reflected in the opening position carried over from the previous statement, and activity after the end date will appear on the next one.

Why this matters for reconciling

• The closing position of one statement becomes the opening position of the next, so your records should run continuously with no gaps.
• If a transaction seems to be missing, check whether its date falls just outside the period, in which case it belongs on the neighbouring statement.
• When matching to your books, line up your own date filter with the statement period to avoid double counting.

If periods do not seem to join up

Statements are designed to chain together, so the closing position of one should equal the opening position of the next. If they ever appear not to, contact our support team with both statement references. As your facility is a company account with Credicorp, anyone you authorise can raise the query on the company's behalf.

See also: Can I get a statement for a custom date range?, Statement glossary: statement period and How to read your Flex statement.

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At the close of your financial year, a year-end summary brings together the movements on your Credicorp facility over that period in one document. It is designed to make preparing your statutory accounts and Corporation Tax return more straightforward.

What it helps you do

• Reconcile the facility against your bookkeeping in one pass rather than statement by statement.
• Give your accountant a clean overview of the year's activity.
• Support the figures that appear in your company accounts.

How it differs from a regular statement

A periodic statement covers a single statement period. A year-end summary takes a longer view across your whole financial year, so it is better suited to accounts preparation while the individual statements remain the detailed underlying record. You will normally use both together at year-end.

A note on tax

We can show you what happened on your facility, but we are not your accountant or tax adviser. How any cost of borrowing is treated in your accounts depends on your circumstances, so your own adviser should confirm the treatment. Credicorp lends only to UK limited companies and LLPs, so this document is always part of your company's records, prepared for business purposes.

See also: Is my statement an official document I can rely on?, What is the summary panel at the top of my statement?, Can I use my statement for VAT and Corporation Tax?.

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Every Credicorp statement opens with a summary panel, the boxed area you see before the detailed transaction list. It exists so you can take in the essentials in a few seconds, exactly as you would with the front of a utility bill.

What the panel typically contains

• Account reference so you know which facility the statement relates to, whether that is Credicorp Flex or Credicorp Slice.
• Statement period, the start and end dates this document covers.
• Opening position, where the account stood at the start of the period.
• Closing position, where it stood at the end.
• Anything due and the date it is due, if applicable to your facility.

Why the closing position matters most

The closing position is usually the figure your bookkeeper will reconcile against your accounts. It reflects every movement during the period, so it is the single most useful number on the page for record keeping.

If a figure looks wrong

The summary is generated from the underlying transactions, so any discrepancy almost always traces back to a specific entry in the detail below. Scroll down, find the line that does not match your expectation, and contact our support team with that reference. Because Credicorp lends to your company rather than to you personally, your finance team can deal with statement queries on the company's behalf.

See also: How to read your loan statement, Understanding the transaction list on your statement and Funding stock for a brand-new product line.

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At your company's year end, your Credicorp facility generates a small set of records your accountant will need to close off the books correctly. Pulling these together before your year-end meeting saves time and avoids back-and-forth requests later.

Core documents to gather

• All monthly statements for the financial year — one per issued period, covering every month the facility was active during the year.
• The year-end summary document — a consolidated view showing opening balance, total drawdowns, total repayments, and total cost of credit for the period. Available in your account once the year has closed.
• The repayment schedule — for a Business Loan, this shows what portion of each payment was capital and what was interest, which is needed for accruals accounting.
• Any settlement or variation confirmation — if you settled a facility or varied its terms during the year, keep the written confirmation.

What your accountant does with them

The statements give your accountant a complete transaction trail: every drawdown, every repayment, and every charge. From this they can calculate the closing balance as a liability on your balance sheet, post the interest and fees to your profit and loss account, and produce the loan-note disclosure required in your statutory accounts. The figures on your Credicorp statements are the authoritative record — they match what has actually been charged to your company.

Retaining the records

UK accounting rules require companies to keep accounting records for a minimum number of years. Your statements should be retained at least as long as the accounts they support. We keep your full statement history available in your portal, but we recommend keeping your own archived copies alongside each year's accounts as a matter of good practice.

We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.

See also: What counts as interest paid for your Corporation Tax return?, How do I get a statement to share with my accountant?.

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When we can lend, your offer comes with a Key Information Sheet, or KIS. It is a short, plain summary of the headline terms, designed so you can take in the whole deal at a glance before you commit. It is not the full agreement — it is the at-a-glance version of it.

What is on it

When you get it

You see the figures when you receive your offer, and the signed Business Loan Agreement and KIS are made available immediately after you accept. An offer is typically valid for 14 days, so there is no rush to decide on the spot.

The point of the KIS is consumer-understanding done properly: no figure in your agreement is a surprise, because you have already seen it summarised. For how an offer is reached, see what information goes into a lending decision. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I get a statement for a custom date range?, Can I get my loan documents in large print or another format?, How do I find an old statement in my history?.

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Both Credicorp Flex and Credicorp Slice statements use the same familiar utility-bill layout, but the detail in the middle reflects how each product actually works. If you hold both, knowing the difference helps you read each one correctly.

Credicorp Flex statements

Flex is built around flexibility in how you draw and repay, so its statement tends to show movements as the facility is used over the period. You will see how the position changed as amounts were drawn and repaid, with any cost of borrowing applied as set out in your offer.

Credicorp Slice statements

Slice works on a more structured basis, so its statement tends to read more like a schedule of agreed activity across the period. The shape of the detail follows the structure of your Slice arrangement.

What stays the same

• The summary panel at the top, showing the period and the opening and closing positions.
• Plain-English descriptions rather than internal codes.
• A complete, dated record you can reconcile and hand to your accountant.

Whichever product you hold, the facility is to your company. Credicorp lends only to UK limited companies and LLPs for business purposes, and no personal guarantee is taken from directors, so the statement is always a company document.

See also: Understanding the transaction list on your statement, Statement glossary: opening balance and closing balance, What is a year-end summary document for?.

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If you have ever looked at a Credicorp statement and thought it resembled a gas, electricity or broadband bill, that is by design. We borrowed the familiar utility-bill layout because almost every business owner already knows how to read one, even under time pressure.

What the layout puts first

A utility bill leads with the few things you actually need to act on, then keeps the detail below. Your statement does the same. The top of the page shows your company name, the account it relates to, the period the statement covers, and the headline position for that period. You should be able to answer "what do I owe and by when" without scrolling.

Why this helps a business

• Directors and bookkeepers can scan it the same way they scan any supplier invoice.
• The most decision-relevant figures sit above the detailed breakdown.
• It reduces the chance of missing something important buried in a wall of rows.

It is still a full record

The friendly layout does not mean less information. Every movement on your account for the period is recorded further down the page, so the statement remains a complete and accurate record you can hand to your accountant. Remember that Credicorp lends only to UK limited companies and LLPs for business purposes, so your statement is always a company document, never a personal one.

See also: What is a loan statement?, What is the summary panel at the top of my statement?, I think there is an error on my statement, what should I do?.

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Each time a statement is issued for your facility, it appears in the statements area of your account. You do not have to wait for a posted copy, it is there to view and download as soon as it is generated.

How you will know

Depending on your account settings, we will let you know a new statement is available so you do not have to keep checking. The statement itself always lives in your account, and any notification simply points you to it.

Make sure it reaches the right person

• Keep the contact details on the account up to date, especially if your bookkeeper or finance contact changes.
• Consider using a shared finance inbox rather than one individual's address, so cover is not lost if someone is away.
• Check your settings if you are not seeing notifications you expect.

If you prefer to manage it yourself

Some finance teams simply diarise to download each statement at the end of every period, which works well alongside or instead of notifications. Either way, the full history stays in your account. As the facility belongs to your company, you decide who is set up to receive these prompts and access the documents on the company's behalf.

See also: Can I give my statement to my accountant or bookkeeper?, What is the summary panel at the top of my statement?, How do I find an old statement in my history?.

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