Bad debt and late payment are hammering Scottish SMEs' cashflow and profitability, according to new data from Bibby Financial Services (BFS). BFS’s latest SME Confidence Tracker revealed that 39% of Scottish SMEs, equating to around 139,000 businesses, experienced bad debt in the past 12 month
Bibby Financial Services
Invoice finance provider Bibby Financial Services (BFS) has announced the return of business development manager John Smyth to its team in Scotland as it continues to grow its finance support for the country’s SMEs and business advisors. Mike Day, head of sales for BFS, said: “I couldn&r
Finance provider Bibby Financial Services (BFS) has appointed Gayle Robertson as business development manager as it continues to drive new business volumes throughout Scotland. With almost two decades of experience in banking and commercial finance, Gayle Robertson joins from Lloyds Banking Group wh
Invoice finance provider Bibby Financial Services (BFS) has made available more funding for Scotland’s small and medium sized enterprises in 2022 as part of its growth strategy. Debts factored – the total funded turnover of BFS clients in Scotland – grew by 12% to £382 millio
Bibby Financial Services (BFS) has provided Dumfries-based Currie European Transport Ltd with a £9 million funding package to support the re-finance of the transport and storage solutions group.
A specialist engineering solutions provider which fell into administration earlier this year has set its sights on achieving a £6 million turnover within the next two years after a £750,000 funding facility was provided by Bibby Financial Services (BFS).
