Global uncertainty mustn’t stall SME ambitions

Posted on Posted in Brexit, Exports, French elections, SMEs, Uncategorized, Uncertainty

We are living in times of such political unorthodoxy there is arguably a danger that economic commentators will start to sound like a broken record. Uncertainty, or rather what Mervin King the former Governor of the Bank of England calls radical uncertainty, is a dominating factor in the global economy. This is the kind of uncertainty that pollsters and skilled economists find difficult, if not impossible to predict. Events such as Brexit, a hung Parliament […]

Bibby beats banks to top factoring table for SME funding

Posted on Posted in Business Money, Factoring, Receivables Finance

Earlier this month, the business finance publication, Business Money, published its annual receivables review league table, showing Bibby Financial Services as the market leader in relation to factoring assignments for 2015. What this means is that we funded more debt than any other Factoring provider, freeing up our clients’ cashflow and helping them to grow. We were also ranked second in terms of client numbers, seeing growth during a time where most other invoice financiers […]

SME Referral Scheme: why the wait?

Posted on Posted in Bank referral scheme, Banks, British Business Bank, Finance, SMEs

In its Small Business Finance Markets report published earlier this month, the British Business Bank (BBB) found that “over half of UK smaller businesses still go only to their main bank and do not shop around for finance.” While choices available to SMEs have increased significantly in recent years, there is still a distinct lack of awareness of the full range of funding options available among many small business owners. It’s perhaps for this reason […]

Attitudes Towards Enterprise

Posted on Posted in Bibby Financial Services, Blog, Enterprise, Enterprise Bill, Finance, Late payment, News, Payment disputes, Small business commissioner, Small businesses, SMEs

The Government published its Enterprise Bill on 17th September, which aims to cement the UK’s position as the best place in Europe to start and grow a business. Measures in the bill include reforming the Business Rates Appeals system so that it is more transparent and easier to understand, shifting and reducing the regulatory burden on businesses and extending the Business Impact Target to include regulators. It will also change the way that the term […]

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 […]