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 […]

Funding futures

Posted Posted in Asset based finance, Bibby Factors, Bibby Financial Services, Blog, Corporate finance, Customer service, Financing, Funding, Invoice finance, Non-bank lending, Securitisation, Small businesses, SMEs

Bibby Financial Services was formed in 1982 and for the first two years, the business was operated from the accounts department of our parent company, the Bibby Line Group, before becoming a separate entity in 1984. Fast-forward 33 years later and we’re Britain’s largest independently owned invoice finance provider, handling annual client turnover of £5bn in the UK and supporting over 9,500 businesses worldwide. Over the past thirty-plus-years, we’ve consistently grown our position in the […]

Reflections on the changing funding world

Posted Posted in Asset based finance, Banks, Bibby Financial Services, Blog, Chancellor of the Exchequer, Crowdfunding, David Postings, Economic growth, Invoice finance, Leasing, News, Non-bank lending, P2P lending, Regulation, SMEs

Some onlookers thought that 2015 would be the year when we might be able to move on from the fallout of the financial crisis, with UK banks finally forgiven for their past misdemeanours. There were positive murmurs from the Government and a clear desire to get on with the vital work of restoring trust and confidence in the financial services sector. Indeed, in his June Mansion House speech, Chancellor George Osborne spoke about the UK […]