How Do Skip Hire Companies Fund Fleet and Containers?

The funding challenge for skip hire companies

Skip hire firms own lorries and a big inventory of skips that sit on customer sites during each hire, tying up capital against payments on terms. The money goes out well before it comes back in, and for skip hire companies that timing mismatch — around skip lorries and a large stock of containers — is the recurring pressure point. Understanding the shape of it is the first step to funding it without overpaying.

The facility that tends to fit

For this trade the natural route is asset finance, because it matches the need rather than forcing a general-purpose loan onto a specific problem. Where a firm needs both an asset funded and a cash gap bridged, running two matched facilities is usually cheaper than stretching one to do both jobs. Read the underlying guide before committing.

Put real numbers behind it

Size the facility against your own figures with our return on borrowing calculator and the asset vs working capital on Learn. Borrowing a figure pulled from a forecast beats borrowing a round number, and it keeps the repayments matched to when cash actually arrives.

How lenders view the trade

Our sector page for skip hire companies sets out what a lender looks at, and the general answers on whether your sector affects getting a loan and how affordability is assessed give the wider picture. Credicorp lends to limited companies and LLPs, not individuals, with no personal guarantee. When ready, you can apply. General information, not an offer of finance.