Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

BFS makes £220m available to UK SMEs in first half of 2018

  • 750 new funding agreements for SMEs written in H1
  • BFS now writing one in five of all invoice finance deals

Independent financial services provider Bibby Financial Services (BFS) has recorded a strong first half of the year, structuring 750 new funding agreements for SMEs and further growing its market share.

In the six months leading to July, BFS made £220m in funding available to UK businesses.

Results reflect an 18 per cent increase in deal numbers, year-on-year. BFS has seen Construction Finance deals increase by 71 per cent and Export Finance numbers increase by 32 per cent, in addition to growth across its Trade Finance, Commercial and Corporate divisions.

 Speaking of the results, BFS UK CEO, Edward Winterton said: “In what remains a relatively flat market, we have had a tremendously strong first half of the year and we are seeing new applications for funding increasing significantly.

 “We have seen growth in client numbers across the board and have achieved significant growth across our Trade, Export and Construction Finance businesses. 

“Undoubtedly, our strengthened product portfolio, which now includes ABL, Stock Finance and Foreign Exchange, has helped us to uncover more opportunities to support businesses both big and small.

 “Furthermore, we have had great success in combining our Invoice Finance solutions and FX services for businesses looking to protect margins and grow in international markets.”

Coinciding with the latest UK Finance statistics showing overall industry advances up four per cent, BFS now writes one in five of all invoice finance deals throughout the UK.

 Edward Winterton continued: “It is fantastic that we are continuing to grow our market share, but more importantly these results reflect vital support for UK SMEs at a time of much uncertainty throughout the economy.

“Our performance is testament to the hard work and commitment of our teams across the UK, and demonstrates the benefit of our client-centric approach to supporting SMEs.”