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 SME funding market.
To continue this growth, we have to stay ahead of the competition and to us, this means ensuring that we can support our clients’ businesses at all times, whatever their need.
So, whether our clients require cashflow support, help with sales ledger management and credit control or structured corporate finance for larger transactions, we want to be there to help.
Our commitment to SMEs
Representing our commitment to the SME market, this week we announced a refinancing deal that will see us pledge £770m in funding for UK businesses. The news, which featured in the Financial Times on Tuesday 10 November, will help us to support even more SMEs, creating jobs and growth opportunities for businesses across the country.
This refinancing was secured through a process of securitisation, whereby ratings agencies DBRS and Moody’s awarded AA and Aa2 ratings to our debtor-book, and with increased funding in place, I believe we can compete with banks and other funders on an even greater scale.
Having funded businesses for over 30 years, we have a sound understanding of the complex and often unique challenges faced by small businesses. It’s our personal touch and commitment to delivering excellent service for our customers that sets us apart from other funders. Now, clients of all shapes and sizes will not only be able to benefit from our tailored, bespoke approach, but they will also be able to unlock greater levels of working capital to fund future business growth.
You can read the full announcement on the BFS website here.