Latest Experian M&A Activity report shows ThinCats as leading alternative finance debt provider in Q1 to Q3 of 2025
Experian has published its latest M&A Review, a comprehensive guide to dealmaking activity across the UK and Ireland for the three quarters to end of September 2025.
With a sharp rise (100%) in deal value while volumes saw a smaller (21%) dip, ThinCats ranked as the top alternative finance provider of debt funding across the UK and leading in Scotland and the South East, in terms of volume, for the period. SMEs accounted for over 85% of all disclosed-deal value, highlighting the importance of availability of funding for smaller businesses.
Over the last 12 months we’ve seen a decrease in lending volumes but a major uptick in value. The uncertainty that the recent Budget created had a real impact on business activity, with many choosing to sit on their hands rather than risking getting their fingers burnt. But there does come a point where businesses have to grow their value.Mike Hackett, Chief Commercial Officer, ThinCats
“Experian’s report shows that capital is available for businesses that need it. The recent Bank of England’s changes to capital requirements will have freed up funding for larger deals, but there are smaller companies across the UK that are keen to grow too. Now they know the score for 2026, we should see a pickup in deal activity.”