Tagged BFS

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.

Andrew Darling Discusses Company Success

One of the most rewarding parts of my job is being able to help clients to achieve their potential. Seeing a business or customer able to achieve success and growth because of the help and support of my team is a truly great experience.

Cashflow funding solutions

Working in the corporate team the UK’s leading independent invoice finance specialist Bibby Financial Services, we help to provide small and medium sized businesses with cashflow funding solutions. We offer alternative funding options such as Invoice Finance; services which help business owners to take control of their finances and spark growth.

Diverse Clients

Trusted funder to over 7,000 businesses, handling annual client turnover of £4.9 billon, Bibby Financial Services help a diverse range of businesses and companies from both the UK and overseas, regardless of their size. Working with a client-base so different in both their size and respective needs, we encounter people and businesses from all walks of life; from different sectors and industries, with different goals and ambitions. And that’s what makes our work so rewarding.

Hearing directly from our clients, it’s amazing to see the effect that alternative forms of funding can have on ambitious companies and SMEs. Being able to see the direct results that our products have is a really important part of the process and helps us to further improve our facilities and services.

R&G International Trading company success

When overseas clothing importer R&G International Trading – set up by Carole Tong in 2001 – needed to expand, the company switched to Bibby Financial Services for funding. More flexible and fitting to Carole’s needs, the bespoke funding package enabled R&G to pay suppliers more quickly, reduce costs and be more competitive as a result.

The Edinburgh based business is now set to double its turnover and reach £30 million in the next three years thanks to a £5 million strong trade, stock and invoice discounting finance facility provided by Bibby Financial Services.

The £5m bespoke finance package for R&G International Trading is actually the largest deal completed in Scotland by Bibby Financial Services to date – a great achievement for the corporate team.

Commitment to supporting business

It’s brilliant to see that R&G, and companies just like them – who are in need of financial help – are able to find success through services like Invoice Discounting. They’re a testament to ambitious and hardworking SMEs everywhere, and help to reassure our strong commitment to supporting business in the UK and beyond.

You can read more testimonials and find out more about Bibby Financial Services right now on the Bibby Blog.

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.

Fit for the Future Roadshow Closes in London

After a run of dates hosted in Sheffield, Durham, Aberdeen, Glasgow, Brighton and Birmingham, Bibby Financial Services’ flagship ‘Fit for the Future: Financing Business Ambitions’ roadshow came to a close in London earlier this month.

Over 100 of the City’s leading business advisors and SME owners were at the final event, which took place at London Zoo on the 13th of November – a fitting end to a brilliant series of engaging business conferences.

Over the course of the year, the roadshow featured presentations from a wide range of speakers, all of whom gave unique and insightful guidance for growing UK SMEs and the advisor community.

Among others, speakers included BBC journalist, Andrew Neil, Evening Standard financial editor, Anthony Hilton, World Cup winner and former England rugby player, Will Greenwood and World-record breaking cyclist, Mark Beaumont.

In total, over 500 delegates attended our events in 2014 – a fantastic achievement. The feedback received from both business owners and the intermediary community has been overwhelmingly positive and we look forward to building on the relationships we have developed into 2015 and beyond.

For more information about Bibby Financial Services’ cashflow solutions or future networking events, 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.

Andrew Darling Social Media

SMEs Utilise Social Media for Business

Social media is unavoidable in today’s modern business landscape. The rise of websites such as Facebook, Twitter, LinkedIn and Instagram have brought about a massive change in the way companies market themselves to both existing and potential customers and clients. But just how many of our smaller companies in the UK are using social media in 2014?

Social Media in 2014

According to a study by Computing in 2013, it was estimated that up to 56 per cent of businesses – with 250-499 employees – would be using some form of social media by 2014. But for smaller businesses, the Bibby Financial Services micro-business study highlighted that 65 per cent are now using social media for their business.

But just how important are sites like Facebook, Twitter and LinkedIn – the three most popular social media platforms for micro-businesses? Well, whilst 65 per cent of small business use these platforms, it seems not everyone views social media as an important part of their business strategy.

A Study by Bibby Financial Services

According to the study by Bibby Financial Services, almost three quarters of business owners said that social media is not important to their business, with only nine per cent citing it as ‘very important’.

Although social media marketing can of course prove to be a fruitful path for smaller businesses and companies, with its low-cost high-reward concept, some business owners just don’t have the time to commit. And other promotional avenues – more familiar to micro-enterprises – can often seem like the best option.

Consider the Advantages of Facebook and Twitter

With such an array of free resources and tools now available via sites like Facebook, LinkedIn, Twitter, Pinterest and Instagram, social media shouldn’t be overlooked when it comes to business strategies. And business owners and SMEs need to consider the advantages of such marketing opportunities.

For more information about Bibby Financial Services’ social media and micro-businesses study, you can download the Livelihood report in full today.

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.