Shire Invoice Finance Ltd

Take control of your cashflow
We have a range of fantastic tools which enable you to raise funding from outstanding invoices.
Take away the headache and confusion of looking for the right facility, let us bring it to you. We help remove the jargon associated with invoice finance and keep everything as simple as possible for you, meaning you can focus on growing your business.

Our services
Invoice Discounting
Invoice Discounting is a funding-only type of invoice finance.
It allows you to raise funds against your unpaid customer invoices. The Invoice Discounting provider would advance you an agreed percentage of the total invoice value.

The key difference between this and Invoice Factoring is that there is no credit control. This means you will continue to chase your own invoice payments in.

Selective Invoice Finance
Selective Invoice Finance is a hybrid type of invoice finance
Whereas with the traditional types of invoice finance you will borrow against all or the majority of your sales ledger, this product allows you to only commit certain customers to the facility.

As an example, if you had ten customers, but only two who paid on slower terms, you could simply commit the two slower paying customers to the facility, and exclude the eight who pay well.

Compared to the more traditional products, Selective Invoice Finance is more flexible and is becoming more popular as it is very easy to use. It can be slightly more expensive than Factoring and Invoice Discounting, as you will be putting less through the facility itself.

Invoice discounting can be a confidential facility
This product, ‘Confidential Invoice Discounting’, allows you to continue to deal with customers yourself as normal. This means your customers will not know you are using an invoice finance facility.

As with all Invoice Finance products, Invoice Discounting bridges the gap between completing works and getting paid. It is suitable for businesses with a strong credit control process and a suitable accounts package. It allows you to simply free up cash to grow and attract new customers.

Invoice Factoring
Raise cash from your outstanding business to business invoices
Factoring, also known as invoice factoring, is a financial product which allows your business to raise cash from your outstanding business to business invoices. The invoice factoring provider would advance you an agreed percentage against your unpaid customer invoices.

The factoring company takes assignment of the invoices, giving you a percentage of the total invoice value. They then take responsibility for chasing & collecting the invoice payments. This facility comes with the added benefit of credit control.
Invoice Factoring is an alternative form of business finance which is growing in popularity.
It is a great alternative for businesses who have just started trading, are growing quickly or who cannot secure the traditional forms of funding from their bank. Factoring helps to ensure your business has the cash flow it needs to succeed.

Factoring can be useful for improving your ongoing cash flow. It bridges the gap between completing a job and receiving payment for the work. This means you are able to keep up with bill & wage payments, as well as have the funds to make bulk or early payments to suppliers.

Spot Factoring
Spot Factoring is a form of invoice finance which allows you to borrow funds against single or selected invoices.
The more traditional facilities, such as Invoice Factoring & Invoice Discounting, require you to borrow funds from all or the majority of your invoices. Spot Factoring allows you to simply pick and choose individual invoices to fund against.

This product works well for businesses with one or two slow payers, or if you have a large job on extended terms. It has no contractual tie in, and you will simply pay for funds you borrow from the facility.

This product is more expensive than the traditional products, but it gives you a level of flexibility you do not get with others. You only borrow funds you need to borrow, and there are no fees if you don’t use the facility.

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