Keep a weather eye on the global climate

Posted on Posted in Bank of England, Bibby Financial Services, Blog, China, David Postings, News, SMEs

Clouds gathering over the global economy have implications for all businesses. From small wholesalers to the largest corporates, no business is fully immune to the effects of a global downturn. I’ve cautioned for some time that another economic slump could be on the horizon and there are a number of significant challenges for nations across the world to contend with. Recent ripples emanating from China have pushed this train of thought to the fore as […]

A new opportunity

Posted on Posted in Bibby Financial Services, Blog, David Postings, News

Last week, I was appointed as Global Chief Executive for Bibby Financial Services. I first joined BFS in April 2012 as UK CEO and since this time I have been consistently impressed with the determination, commitment and spirit of the people within this business. In the announcement of my appointment, I commented that BFS was a progressive company with fantastic people and genuine commitment to delivering market leading service to our clients. I meant all […]

Mind the skills gap

Posted on Posted in Bibby Factors, Bibby Financial Services, Blog, Skills gap, SMEs

SMEs recognise that the UK economy is suffering from a prolonged skills shortage. The CBI recently warned that this is a barrier to recovery, with 2 in 3 businesses saying they expect their need for staff with higher level skills to grow in the years ahead. The skills gap is seen as one of the main reasons for the UK’s productivity woes, particularly affecting sectors like engineering and construction. The Institution of Engineering and Technology […]

The Government should avoid chasing start-up numbers and nurture aspiring businesses

Posted on Posted in Bibby Financial Services, David Postings, SMEs, Start-ups

According to the Department for Business Innovation and Skills there were 5.2 million private sector businesses at the start of 2014. This reflected a record annual increase of 330,000 businesses and the first time the business population exceeded 5 million. The political and business landscape is awash with calls of support for aspiring entrepreneurs and StartUpBritain – a Government backed initiative to “accelerate enterprise in the UK” – aims to create 600,000 new start-ups this […]

A change in supply-chain culture is needed to address the problem of late payment

Posted on Posted in Blog, David Postings

Late payment has been a barrier to growth for UK businesses for decades, in some cases threatening their survival. Putting this issue into context, in February, Bacs Payment Schemes (Bacs) reported that in excess of £32 billion is owned to SMEs in the UK. Larger businesses are often blamed for the havoc this wreaks on SMEs, but are they really to blame? Sadly, the answer is frequently yes. As an example, in January it was […]