Bibby at its Best

Posted Posted in Bibby Financial Services

Last night I attended the Sunday Times Best Companies ceremony held at Battersea Evolution in London, which was a fantastic event and a great opportunity to celebrate the UK’s leading small, medium and large businesses. From what I witnessed last night, there really are some fantastic businesses in the UK, employing engaged and motivated teams. What’s more, Bibby Financial Services climbed 19 places on our 2015 position and were awarded 31st place in the Best […]

Turning tides?

Posted Posted in Bibby Financial Services, Crowdfunding, P2P lending, Risk

Yesterday Lord Turner, former FSA chairman, issued a stark warning against peer-to-peer (P2P) lending, saying that “the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses.” Indeed the contrast between the intricately regulated, highly capitalised banks and nascent P2P lenders could not be starker. It beggars belief that banks are being pressed to shore up seemingly infinite amounts of capital, while crowd […]

Is SME lending about to catch a cold?

Posted Posted in Bank of England, Bibby Financial Services, Commodities, International Monetary Fund, Mark Carney, Oil prices, Stock markets

Amid concerns over oil prices reaching a low of $10 a barrel, stock markets around the world tumbled yesterday. At 4pm (GMT) The Daily Telegraph reported that £60 billion had been wiped off the FTSE 100 as the day’s trading looked set to close 4 per cent down. As market analysts assess the impact, many will point the finger of blame at volatility in the East. However, the catalyst isn’t just one thing but many: […]

The trickle-down effects of Osborne’s Autumn Statement

Posted Posted in Autumn Statement, Bibby Financial Services, Devolution, Enterprise Bill, Small Business Conciliation Service, Uncategorized

To an outside observer, the SME agenda may seem noticeably absent from this year’s Autumn Statement. But read through the details of Osborne’s statement and we find that actually there are a range of measures that will directly impact the small business owner. Although the Government may see the Commissioner and the Small Business Conciliation Service as its crowning achievements, their broader agenda on devolution, infrastructure and empowerment of the regions could go some way […]

Asset based funding: underused and untapped

Posted Posted in Asset based finance, Bank of England, Bibby Financial Services, Crowdfunding, Finance, Financing, Funding, Invoice finance, P2P lending, SMEs

A recent assessment from The Bank of England’s Q3 Credit Conditions report found that “credit availability for smaller firms had improved and was approaching normal levels.” It’s fair to say that in my thirty-plus-years in the financial services industry, I have never seen so much money chasing so few business customers. Whether peer-to-peer lending and crowdfunding or traditional banking channels, SMEs are swamped with lending options. It’s clear, however, that many SMEs don’t want to […]