Simply Business - Insurance for your business

Call Us0333 0146 683
Our opening hours
Knowledge centre

What small businesses need to know about the new plastic £10 note

2-minute read

What small businesses need to know about the new plastic £10 note
Josh Hall

Josh Hall

14 September 2017

The new plastic £10 note, featuring the face of Jane Austen, is now in circulation.

The note is made of polymer, and includes a range of new security features intended to make it much harder to forge.

  • The best business bank accounts compared

So what do small businesses need to know about the new £10 note?

When did the plastic £10 note enter circulation?

The new note entered circulation (and became legal tender) on 14 September, following the introduction of a new fiver last year.

What’s different about it?

The new £10 note is different from the old version in several ways.

First, it’s slightly smaller, just like the new fiver. It’s also made of polymer, making it significantly more durable – even if it goes through the wash.

The new tenner is also designed with the partially sighted in mind, with a range of tactile information included in order to help those with seeing problems know what they’re holding.

8 things to look out for

However, for small businesses the main changes are related to security. These include:

  • A see-through window displaying a portrait of the Queen
  • A gold foil picture of Winchester Cathedral on the front, which is displayed in silver on the reverse
  • A quill which changes colour from purple to orange when the note is moved in the light
  • Two holograms, one which changes from the word ‘ten’ to the word ‘pounds’, and another of the coronation crown
  • A copper foil patch displaying a book
  • Lettering below the portrait of the Queen which is visible only under microscope
  • The number ten, which appears only under ultra-violet light
  • Raised lettering reading ‘Bank of England’ along the top of the note and in the lower right hand corner

The note is only genuine if it contains all of these features.

What about the old tenners?

All businesses must continue to accept the old £10 note until some point during the first half of 2018.

The exact date that they will be removed from circulation will be announced later, with at least three months’ notice.

Is my new note worth something?

If you’re lucky, your new £10 note could be worth much more than a tenner.

You should particularly look out for those with serial numbers beginning ‘JA’, after Jane Austen. Experts think that JA57 and JA17 could be particulary valuable, because they are the year of the author’s birth and death respectively.

Will the new notes make life easier or harder for your business? Let us know below.

Is your business insured?

We have 800,000 UK policies plus a 9/10 satisfaction score. Why not take a look at our expert business insurance options - including public liability insurance and professional indemnity - and run a quick quote to get started?

Start your quote

We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer

Find this article useful? Spread the word.


People also liked

Still got old five pound notes, tenners or pound coins? Here’s what to do.

29 July 20192-minute read

Still got old five pound notes, tenners or pound coins? Here’s what to do

We’ve had a whole host of new currency introduced recently, but what should you do if you still have old coins or notes knocking about? The…

Read more

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter


Popular articlesBusiness resources from FarillioGeneral businessGuestInsuranceLandlordLandlord resources from FarillioLegal and financeMarketingNewsOpinionProperty maintenanceTradesmanCovid-19 business support hub


6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ

© Copyright 2021 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.