David Postings looks at Bibby Financial Services reports and studies

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My team at Bibby Financial Services continuously monitor the market to enable us to better service our customers. We often use the market insight gathered to produce regional or sectorial reports and our latest two reports are available on this blog.

SME Sentiment Scotland

I’ve blogged before about funding Scotland’s thriving SME sector, and prior to September’s referendum my team produced the SME Sentiment Scotland report, which was a look at the country’s small and medium sized enterprise sector.

The report was based on research conducted among 500 businesses and includes a look at typical business profiles, sources of business advice and growth expectations.

Building growth on a heritage of excellence

The publication of our West Midlands report coincided with the official opening of Bibby Financial Services’ West Midlands Business Centre and – again – I’ve written before about the thriving local economy in this region.

It’s now widely recognised that the West Midlands is a great place to do business and – developing beyond our strong industrial heritage – over recent years the region’s central location and supporting infrastructure links to the rest of the UK and further afield, have put it firmly on the map as an area of inward investment.

Livelihood businesses in the UK

Also available on my blog is our report based on microbusinesses in the UK. This was based on research we conducted among smaller businesses and we found that more than a quarter (26 per cent) would close their business at retirement, rather than selling it or passing it on to a family member. In fact, findings were picked-up by The Telegraph, where some of my comments on the report were also published.

I’ll continue to host the latest studies carried out by my team at Bibby Financial Services on this blog so check-back in future if they’re of interest.

Alternatively, if you have any questions or feedback on our reports or suggestions on topics for future studies, feel free to get in touch with my team at: www.bibbyfinancialservices.co.uk.

Thanks again for reading.

David Postings

UK CEO, Bibby Financial Services

About David Postings

David Postings is the UK Chief Executive Officer for Bibby Financial Services following his appointment in April 2012. David is an experienced senior executive with over 35 years’ experience in financial services. You can read more about David Postings and his position at Bibby Financial Services in the About Me Section.

Bibby Financial Services in the Guardian Small Business Network

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Research conducted by the Bibby Financial Services marketing team featured on the Guardian Small Business Network (GSBN) earlier this month.

The article points towards recent statistics from the Bank of England’s Funding for Lending Scheme (FLS), reiterating what many small business owners experience: that businesses are not getting the financial support they need from the banks.

One in three SMEs looking for alternatives

The GSBN included figures from our own research showing that one in three SMEs is considering other forms of finance. The businesses we surveyed cited poor customer services and a lack of flexibility from traditional banking institutions as the main drivers for change.

I believe that small businesses are becoming more like consumers and they want to try different types of funding before taking them on to see if they’re compatible with their business model.

So it’s crucial that funders become more flexible in their approach if they are to meet the growing demands of the marketplace.

Bibby Financial Services

In the first half of this year our annual client turnover handled has reached £4.9bn in the UK, with global client numbers now approaching 10,000. While we have grown, we’ve continued to put our clients at the heart of our strategy.

Today’s businesses expect more from a funding provider than ever before and we intend to continue to do everything we can to support our clients, old and new. It’s for this reason that we have recently launched an offer for businesses that are new to invoice finance; to give them the opportunity to try this unique funding type, without being tied-in to long-term contracts.

To find-out more about the offer or to speak to a member of my team, you can visit the Bibby Financial Services website here.

Thanks for reading.

David Postings

UK CEO, Bibby Financial Services

About David Postings

David Postings is the UK Chief Executive Officer for Bibby Financial Services following his appointment in April 2012. David is an experienced senior executive with over 35 years’ experience in financial services. David has extensive knowledge of the commercial finance landscape.

You can read more about David Postings and his position at Bibby Financial Services in the About Me Section.