Case Study
Invoice finance helps transport firm with improved cash flow
Invoice finance helps transport firm with improved cash flow Summary Motis Ireland Ltd is one of the most progressive shipping companies in Europe with over 1,000 customers across the continent. Based in Newry, their network covers more than 500 freight ferry routes and is open for business 24 hours a day, seven days a week. From a standing start in 2002 with only five employees, the company has enjoyed significant growth during the last number of years and now employs more than 40 people. ChallengeAs the business continued to expand rapidly, Motis felt increasing strain on their day-to-day cash flow. The organisation had an existing invoice finance arrangement in place with another provider, however this was no longer able to provide suitable levels of funding to support business object