Transactional funding and the art of building relationships

Posted on Posted in Digital, Funding, Funding relationships, SMEs

We’re living in a time of exciting change where the word “digital” is on many lips. A recent internal presentation from IBM declared that “digital disruption has already happened” given that Uber is the world’s largest taxi company without owning any taxis and Airbnb is probably the largest accommodation provider without owning any properties. What sets these digital services apart is that they do not seek to replace people with technology. They simply utilise technology […]

Asset based funding: underused and untapped

Posted on 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 […]

Dark clouds on the economic horizon according to UK SMEs

Posted on Posted in Bad debt, Bank of England, Bibby Factors, Bibby Financial Services, Blog, China, Economic growth, IMF, Inflation, Late payments, SMEs

The findings of our SME Confidence Tracker, reported in the Daily Telegraph, highlight subdued business confidence in Q3. Our research among 1,000 UK SMEs, shows declining business performance and significantly lower sales expectations for the final quarter, when compared with the same period in 2014. Investment is also on shaky ground. Less businesses are recruiting, and – overall – investment in people is down 6%, year-on-year. Though there are small pockets of optimism in both geography […]

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 […]

Why P2P lending is not a silver bullet

Posted on Posted in David Postings

The myth of the P2P panacea I am in favour of anything that increases choice and enables the UK’s SMEs to access the funding they need to grow. The peer-to-peer (P2P) lending market has grown substantially since the first provider, Zopa, arrived in the UK in 2005, with the market surpassing the £1 billion funds advanced mark by the end of last year. To be clear, this is the total of all loans and not […]