From Invoice Finance

Andrew Darling discusses Construction Finance

At the UK’s leading independent invoice finance specialist, Bibby Financial Services, we’re constantly looking for ways to improve the way our funding works and what businesses and SMEs look for when it comes to finance.

Bibby Financial Services

Every company, business owner and SME is different.  And naturally, so are each of our services. Our range of products have evolved over the years to reflect the needs of our diverse client base and changing economy. And in 2015, we aim to help even more business owners to fulfil their potential through alternative forms of finance.

Construction Finance

One of our core products is Construction Finance, in which we offer specialist funding for construction businesses. Due to the unpredictable nature of the construction industry, and the problems facing smaller firms – such as payment issues, government red-tape, skills shortages and rising labour and material costs – cashflow and funding can often be effected.

What do we offer?

Providing cash advances against outstanding billing and uncertified applications, we allow businesses to access money earlier, rather than waiting for customer payment. We can fund applications before they are certified and provide full, confidential credit control and sales ledger management services enabling businesses to maintain customer relationships.

An expanding sector

It’s a form of funding which works well in the construction sector, where businesses often have to cope with extended payment terms and debt issues. And as many of the UK’s small construction businesses plan for growth in 2015, it might be time to consider the benefits of alternative forms of finance.

To read more about Construction Finance, head over to the Bibby Financial Services’ website.

You can also find out more about construction SMEs by reading Bibby Financial Services’ new report ‘Planning for Growth: Construction SMEs in the UK’.

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.

Bibby Financial Services: Micro-Enterprises

Micro-Enterprises

Micro-enterprises may well be small in the grand scheme of things, but their contribution to the UK economy is unescapable – with 95 per cent of all private sector businesses classified as micro-businesses (one to nine employees). Family run and small-staffed companies are a central part of the business landscape here in the UK, and act as inspiration to many.

Benefiting from Specialist Funding

Multi-tasking, resilient, flexible and determined, micro-business owners in 2014 are what’s great about trade and enterprise within the UK today. And with such tenacity and well-grounded work ethics, it’s really encouraging to see that our country’s home-grown business owners can benefit from specialist funding and finance.

Forward Finance

Services such as Forward Finance can help small businesses to guarantee dependable cashflow, and bring about more security as a result. Micro-enterprises can use alternative forms of funding to release cash tied up in invoices, so that they can get back to doing what they do best – running their business.

You can read more about micro-Enterprises and find the results from our Livelihood businesses report online today.

If you’d like to find out more about alternative funding and Forward Finance, or if you have any questions about how either work, visit: www.bibbyfinancialservices.com or call 0800 91 95 92 today.

About the Author

 Andrew Darling is a specialist in invoice discounting, factoring and trade finance solutions and has worked in financial services for over 35 years. He is currently Corporate Manager at Bibby Financial Services where he works with high-turnover businesses. Andrew has been with Bibby Financial Services for over 10 years and specialises in corporate finance for businesses with turnover of £5 million or more.

Andrew Darling Bibby Dealmaker Awards

Bibby Financial Services North East Team Win

It’s been a strong last month in Q3 at the UK’s leading independent invoice finance specialist Bibby Financial Services. It’s really encouraging to see the company that I’ve been with for over 10 years is still getting the recognition it deserves.

Award Winning Company

Having been awarded a place in The Sunday Times 100 Best Companies to Work For and after winning the NACFB Best Factor and Invoice discounter award for the sixth consecutive year, Bibby Financial Services have been honoured again this September.

Second Year Running

For the second year running, Bibby Financial Services has been awarded Asset Based Lender of the Year at the Insider North East Dealmakers Awards. The prestigious award was presented on the 4th of September, and recognises the amazing efforts of Bibby Financial Services and the team in the North East.

North East Dealmakers Awards

Insider Media’s annual, regional-based Dealmakers Awards are a staple of professional services sector since 2011; recognising the wealth of talent from the country’s very best firms. And it’s great to see the North East team at Bibby Financial Services being honoured for the second year in a row.

Let’s hope for another successful year in the North East at Bibby Financial Services.

For more information about Bibby Financial Services’ cashflow solutions, visit: www.bibbyfinancialservices.com or call 0800 91 95 92.

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.

SMEs Consider Different Forms of Business Finance

In today’s post-recession economy, small and medium-sized UK businesses are constantly on the lookout for more appropriate and flexible forms of funding. And whilst traditional providers remain popular, SMEs and business owners are becoming more aware of the benefits of alternative funding.

New Research

According to research carried out by independent invoice finance provider, Bibby Financial Services, up to 20 per cent of SMEs in the UK say their current source of finance is inflexible, with one in three considering a change in the future.

Funding Improvements

These results come from a survey of 1,000 small and medium-sized enterprises in the UK, and suggest some unrest when it comes to the more traditional methods of funding. But how can funding arrangements be improved?

According to Bibby Financial Services’ recent research, UK SMEs indicate that a lack of flexibility and poor customer service are among the most frequent reasons for sub-standard funding arrangements. And it’s because of this that one third of UK SMEs are considering a change of business funding provider in 2014, seeking finance providers with 24-hour online access, lower rates and more flexible terms.

Switching Finance Provider 

Whilst more and more modern-day SMEs are considering different forms of finance, many still don’t have access to the full story, and consider switching finance provider an unwanted risk. But with more flexible and approachable funding now available, the rest of the finance sector needs to act, and provide more tailored services for business owners.

For more information about flexible funding and Bibby Financial Services’ cashflow solutions, visit: www.bibbyfinancialservices.com or call 0800 91 95 92.

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.

An Introduction to Flexidraft by Andrew Darling

As many business owners and SMEs continually look for new avenues to create growth, the difficulties of expansion can often become clear. But with the help of specialist, flexible funding, businesses can now take control of their capital.

Funding

In recent years businesses with cashflow problems have been turning towards unsustainable forms of finance, such as family loans instead of using other more secure methods. But with flexible funding now more widely available, there’s no reason why modern SMEs should have to suffer.

Responding to the need for more personal and sustainable forms of funding in recent years, the UK’s leading independent invoice finance specialist Bibby Financial Services offer a wide range of support to businesses and SMEs.

Flexidraft

An alternative to bank overdrafts and other forms of funding, Bibby Financial Services’ Flexidraft support gives growing companies the opportunity to secure their future in business giving quick access to cash when needed.

This can help businesses to maintain momentum, whilst encouraging further future growth.

How It Works

After a funding amount is agreed upon (based on sales analysis), an account is made which will be used to receive customer payments. Then, when your company or business is in need of funds, simply access the Flexidraft account. A daily rate of 0.05% of the funds used is charged, but if you don’t use the account, then no charge is made.

Also, because of the openness of the service – with no contract tie-in, monthly fee or hidden charges – Flexidraft gives SMEs complete control over the future of their business and cashflow.

If you’re interested in flexible funding solutions for your business, be sure to visit Bibby Financial Services today for more information.

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.