Andrew Darling 2014 Review: Part 1

As we quickly approach Christmas and the New Year, our minds turn to spending time with family and friends, however, it’s hard not to look back at 2014 and reflect on what a great year we’ve had here at Bibby Financial Services.

Part of our role as the UK’s leading independent invoice finance is not only to provide growing businesses with flexible and reliable cashflow solutions, but to raise awareness of alternative forms of funding so that SMEs can make informed decisions about their future. And this year, in 2014, I believe we’ve been able to do just that.

This year I celebrated my 25th year in the invoice finance sector, since joining the industry in 1989. Having spent 10 of those years at Bibby Financial Services, it’s great to see the business perform so well in 2014.

In August, we celebrated what was a record breaking month for Bibby Financial Services. Q3 on the whole was very strong, and we boosted funding to UK PLC from £392m to £415m, representing a 5.8 per cent increase in just three months.

Following on from a more than healthy summer and Q3, our team in the North East were recognised for their hard work at the North East Dealmakers Awards. The team were awarded Asset Based Lender of the Year for the second year running – an amazing achievement for alternative finance in the North of England.

As well as receiving praise from industry professionals, 2014 has provided us with opportunities to give back to the business community. Bibby Financial Services’ series of ‘Fit For The Future’ events were a great success; helping business owners and intermediaries to network and hear from some inspiring speakers.

After a run of dates hosted in Sheffield, Durham, Aberdeen, Glasgow, Brighton and Birmingham, the ‘Fit For The Future’ roadshow came to a close in London earlier this month, with over 100 of the City’s leading business advisors and SME owners in attendance. It was a fitting end to the series of events, and I look forward to seeing what 2015 brings.

About the Author

Having worked in financial services for over 36 years, Andrew Darling is a specialist in invoice discounting, factoring and trade finance solutions. He currently manages the development of business with higher turnover companies at Bibby Financial Services, specialising in corporate finance for businesses with turnover of £5 million or more.

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