Commenting on Receivables 2009, the 13th Business Money annual evaluation of the united kingdom invoice finance market publisher, Robert Lefroy, stated: “Bibby Financial Services has built an significant contribution to funding the Small medium enterprise sector in Great Britan for nearly 2 whole decades.
“Our publication is actually far too professional to touch the awards spectacle with a bargepole however we have been very happy to recognize an exceptional accomplishment which can be substantiated through sound data.
“Receivables 2009 verifies a couple of trends. A fragile appetite for business funding from the customers of big banks as the UK suffered from recession – this underlines why business lending targets overall are so hard for banks to achieve and is one of several reasons why Lord Mandelson’s talk of credit adjudication panels is hopelessly unworkable – and the manner in which the UK’s several independent invoice finance providers have stood up to the challenge and supported a beleaguered SME sector.
“All of them are worthy of praise but Bibby’s achievement in the UK, as well as expanding into nine countries worldwide, is outstanding and worthy of note.”