Hallmarq vs Opagio Collateral Pack Compared
Hallmarq vs Opagio Collateral Pack: UK IP collateral assessments compared on lender tests, asset scope, bank fit and pricing. See which fits your loan.
Introduction
Hallmarq™ and the Opagio Collateral Pack both answer the same lender-side question: can this intangible asset support a loan, and how much reliance can a lender place on it? Both are collateral-suitability checks for UK IP-backed lending, so the comparison is like-for-like. They differ in what they hand the lender. Hallmarq scores the assets and, where they pass, recommends a loan-to-value ratio. The Collateral Pack assembles the evidence a credit committee reads, asset by asset, and leaves the advance rate to the lender.
This page is for borrowers and advisers choosing the right collateral assessment for a specific lending conversation. The wider comparison of the two companies' toolkits sits at Opagio vs Inngot.
Choose Hallmarq when your lender has asked for it, or when you want a recommended loan-to-value ratio from the assessment itself. Choose the Opagio Collateral Pack when you are approaching more than one lender, or want the evidence behind your collateral case (title, encumbrance, valuation and grading per asset) built once and kept current in Opagio Intangibles. Each lender decides what it accepts.
About Hallmarq
Hallmarq™ is Inngot's loan suitability check, the step that follows its Goldseam® IP profiling and Sollomon® IP valuation tools. Everything in this section is taken from Inngot's own website (inngot.com, the Hallmarq tool page and the toolkit pricing page, accessed 16 October 2026).
Inngot describes Hallmarq as answering three lender questions:
- Separability: could key assets of value survive if the business ceased trading?
- Saleability: if the assets became available, would there be a market for them?
- Strength: do the assets have characteristics that would be attractive to buyers?
Hallmarq scores the IP and intangibles against 18 sets of criteria under those three headings and presents the results as a summary dashboard and radar charts. If the scores pass Inngot's threshold, Hallmarq recommends a loan-to-value (LTV) ratio, which Inngot says is typically applied to the orderly disposal value from the Sollomon valuation to derive a security value. Inngot notes that the final security value is determined by the lender.
Inngot publishes Hallmarq's price on its pricing page. A Hallmarq check is based on a Sollomon valuation, which in turn is based on a free Goldseam profile. Inngot's experts moderate the answers, and the report is typically ready within two to three working days. Inngot states that UK banks including NatWest and HSBC rely on its toolkit, and that the final Hallmarq report can be shared with participating IP finance lenders. Inngot states its services are not tied to any particular lender. Source: inngot.com, accessed 16 October 2026.
About the Opagio Collateral Pack
The Collateral Pack is the lender-facing step of Opagio's lending line. It takes the register, valuation and evidence built during the IP Audit and assembles them into twelve sections, ordered for a credit reader rather than for an accountant. The full section list is set out in our guide to the IP collateral pack for lenders.
Three things shape what a lender receives:
- A suitability verdict per asset. Each asset gets a Red/Amber/Green collateral suitability rating across separability, legal strength and saleability, alongside its valuation, method and basis.
- Evidence grading. Each asset is graded L0 to L4 (Unidentified, Identified, Title-confirmed, Diligence-ready, Bank-ready), with chain of title evidence and encumbrance status recorded for the lender to corroborate at Companies House.
- An as-at date. The pack is stamped as at a date and should be re-scored after roughly ninety days. Lending readiness is re-scored against live data in Opagio Intangibles; regenerating the pack requires the Growth plan or above.
The evidence is built once, and the pack can be re-issued as at a new date for each lender approached. Each lender decides what it accepts. The first pack is included with the IP Audit (standard price £995+VAT, currently by waitlist); further packs are £295+VAT.
The register underneath covers the Opagio 12 framework (twelve value drivers), so the pack can show non-statutory intangibles where a lender is willing to consider them. The same valuation work supports an investor pack or exit preparation without being re-run.
Side-by-Side Comparison
The table below sets out a borrower's view of the two assessments across the criteria that matter most in an IP-backed lending shortlist. Hallmarq facts are from inngot.com, accessed 16 October 2026.
Hallmarq vs the Opagio Collateral Pack: side-by-side criteria
| Criterion | Opagio Collateral Pack | Hallmarq™ |
|---|---|---|
| Collateral tests applied | A Red/Amber/Green suitability verdict per asset across separability, legal strength and saleability | Separability, saleability and strength, scored against 18 sets of criteria |
| What the lender receives | Twelve sections: register, ownership and title, encumbrance and charge status, per-asset valuation, L0–L4 evidence grading, RAG suitability, realisation, financials, debt serviceability and UK charge mechanics | A summary dashboard and radar charts; where scores pass the threshold, a recommended loan-to-value ratio |
| Asset scope | Opagio 12: twelve value drivers, covering registered IP and other intangibles | Assets profiled in Goldseam: more than 80 types of intangible asset, including non-IP assets (per Inngot) |
| Underlying valuation | Asset Valuator output (RFR, MPEEM, With and Without, Cost, Market and Greenfield), with the method and basis stated per asset | Sollomon valuation: income (relief from royalty), cost and market models |
| Bank integration | The evidence is built once and the pack re-issued for each lender approached; each lender decides what it accepts | Inngot states that NatWest and HSBC rely on its toolkit and that participating banks use Hallmarq to decide how much to lend; Inngot states its services are not tied to any particular lender |
| Output format | Collateral Pack exported from Opagio Intangibles for lender submission | Online report, moderated by Inngot's experts, shareable with participating IP finance lenders |
| Pricing model | First Collateral Pack included with the IP Audit (standard price £995+VAT); further packs £295+VAT; readiness re-scored in Opagio Intangibles | Per check, published on Inngot's pricing page; requires a Sollomon valuation built on a free Goldseam profile |
| Multi-jurisdiction | UK-primary; the pack's security section covers UK charge mechanics | Goldseam is available in all countries; Inngot states it supports lenders in the UK and internationally |
| Best fit when… | The borrower is approaching more than one lender, or wants the evidence kept current for later lending, fundraising or exit work | The lender has asked for a Hallmarq output, or the borrower wants a recommended LTV from the assessment |
How the two assessments handle the same lender conversation
A UK manufacturing business has two granted patents, a registered trade mark, a strong customer book and a proprietary process refined over a decade. It is scoping IP-backed lending with a high street bank, two challenger banks and a specialist IP lender, and it plans to raise equity within a year. One evidence base, a Collateral Pack re-issued for each lender approached (the first included with the IP Audit, further packs £295+VAT), and the same Asset Valuator output supports the investor pack.
A different UK business is several weeks into a conversation with a bank whose relationship manager has asked for a Hallmarq assessment for the credit process. The lender has named the output it wants, so providing a different-shaped document would add friction. Hallmarq is the sensible choice for that conversation.
When a lender names the output it wants, give it that output. When the borrower is choosing, the question is whether a recommended LTV or a per-asset evidence file is the more useful thing to put in front of a credit team.
How UK Lenders Use Collateral Assessments
UK IP-backed lenders apply collateral suitability tests for two reasons. The first is the credit decision: does the asset support a facility at all, and at what size? The second is the workout case: in a default, can the lender recover value from the asset? Separability and saleability appear in both assessments because they are the tests a lender would apply to any non-cash asset offered as security.
The two assessments then diverge on what they leave to the lender. Hallmarq goes as far as a recommended LTV. The Collateral Pack stops at the evidence (valuation, suitability verdict, evidence grade, encumbrance status and the financials that service the debt) and leaves the advance rate to the credit team.
Cash flow first, collateral second. A lender's primary source of repayment is cash flow; collateral is the fallback. That is why the Collateral Pack pairs the asset case with a financials summary and a debt-serviceability section. For the wider UK lending landscape, including the NatWest and HSBC programmes, see our IP-backed lending hub.
Note (jurisdiction): UK IP-backed lending operates under UK company and security law: a charge over IP must be registered at Companies House within 21 days under s.859A of the Companies Act 2006. US, EU and other lending markets operate under different rules.
Asset Scope and Collateral Reality
How often do UK lenders take non-IP intangibles as collateral? Today the dominant collateral classes in UK IP-backed lending are granted patents and registered trade marks: assets with clean legal title, observable markets and well-established separability. Customer relationships, data assets and brand equity beyond the registered mark are less often used as direct collateral, although they inform the wider credit narrative around the business.
Hallmarq works from the assets profiled in Goldseam, which Inngot states covers more than 80 types of intangible asset, including non-IP assets. The Collateral Pack works from the register built in the IP Audit, which covers the Opagio 12 framework.
Listing an asset does not make it lendable. The Collateral Pack's evidence grade and suitability verdict show which assets a lender can act on today, and what evidence would move the rest towards Green.
FAQ
Is Hallmarq the same as the Opagio Collateral Pack?
Both are collateral-suitability checks for UK IP-backed lending, and both test separability and saleability. They differ in what they hand the lender. Hallmarq scores the assets against 18 sets of criteria and, where they pass, recommends a loan-to-value ratio. The Collateral Pack assembles twelve sections of evidence, with a Red/Amber/Green verdict and an L0 to L4 evidence grade per asset, and leaves the advance rate to the lender.
Which is better for a NatWest IP-backed lending application?
If the relationship manager has asked for a Hallmarq output, provide one: Inngot states that NatWest relies on its toolkit. If the borrower is approaching NatWest without that request, the lender decides what evidence it accepts: ask the relationship manager whether a Collateral Pack alongside the underlying valuation meets its process. For a borrower scoping several lenders in parallel, the Collateral Pack builds the evidence once and the pack can be re-issued for each.
Do the two apply the same collateral tests?
Largely. Hallmarq scores separability, saleability and strength, where Inngot defines strength as whether the assets have characteristics that would be attractive to buyers. The Collateral Pack rates separability, legal strength (clean, unencumbered and enforceable title) and saleability. Both are rooted in the same lender questions about recovering value from a non-cash asset.
Does the Collateral Pack recommend a loan-to-value ratio?
No. The pack sets out each asset's valuation, method and basis, its suitability verdict and its evidence grade, together with the financials and the debt-serviceability position. The lender sets the advance rate. Hallmarq does recommend an LTV where the scores pass Inngot's threshold, and Inngot notes that the final security value is still the lender's decision.
What about specialist or non-bank IP lenders?
Lenders weight collateral differently, so ask each lender what it requires. The Collateral Pack's evidence is built once and the pack can be re-issued for each lender approached. Each lender decides what it accepts. Inngot says the final Hallmarq report can be shared with participating IP finance lenders.
Can I use both?
Yes. A borrower might provide a Hallmarq assessment for a lender that has asked for one, and use the Collateral Pack for other lender conversations and for keeping the evidence current. The two are not contradictory; they serve different requests.
How does pricing compare?
Inngot publishes Hallmarq's price, and the price of the Sollomon valuation it requires, on its pricing page (accessed 16 October 2026). Opagio's lending line is published: the IP Audit (standard price £995+VAT, currently by waitlist) includes the first Collateral Pack; further packs are £295+VAT. The two are scoped differently, so compare what each delivers against what your lender has asked for. See the Opagio pricing page or book a demo.
How long does a Collateral Pack stay current?
The pack is stamped as at a date. Title can change, a new charge can be registered at Companies House and markets move, so a pack more than roughly ninety days old should be re-scored before it goes in front of a lender. Lending readiness is re-scored against live data in Opagio Intangibles; regenerating the pack requires the Growth plan or above.
Where can I see a Collateral Pack?
Book a demo of Opagio Intangibles and an Opagio team member will walk through the register, valuation and suitability rating against an IP-backed lending scenario relevant to your business. To start the assessment itself, join the IP Audit waitlist.
Closing
Hallmarq™ is a focused loan suitability check that goes as far as a recommended loan-to-value ratio, and Inngot states that participating banks, including NatWest and HSBC, rely on its toolkit. Where a lender has asked for it, that is the output to provide.
The Opagio Collateral Pack is built for borrowers whose lending strategy spans more than one lender, or who want the evidence behind their collateral case built once and kept current. It hands each lender a pack in the shape a credit committee reads and leaves the lending decision where it belongs, with the lender.
The best test of either is a real lending conversation. Book a demo and bring a target lender, a facility size and a collateral question, or join the IP Audit waitlist to start the assessment.
Companion pieces: Opagio vs Inngot: Intangible Asset Platforms Compared | Sollomon vs Opagio Asset Valuator | IP-backed lending in the UK: the hub
Related reading
- The IP collateral pack for lenders: what a bank needs
- IP-backed lending in the UK: eligibility, lenders, and the application process
- Patent-backed lending in the UK
- Trade-mark-backed lending in the UK
- NatWest IP-backed lending: how the programme works
- HSBC UK Growth Lending: what HSBC has published
- Intangible asset glossary: Collateral suitability
- Intangible asset glossary: Patent
- Intangible asset glossary: Trade Mark
Related Glossary Terms
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