Bibby Financial Services (BFS) aspires to
become “the world’s largest independent factoring company”, its CEO
David Robertson has said.
Commenting on BFS’ 2009 results, Robertson
said: “Certainly some of our regions have felt the impact of the
downturn more than others […], but I am very proud of the position
we have achieved and the high level of customer service delivered
to clients whether in domestic markets or trading cross
He said: “We will continue to progress our
already strong position within the global factoring marketplace and
look forward to the rest of 2010 and the future in terms of driving
increased market share, and our global aspiration to become the
world’s largest independent factoring company.”
BFS recorded a 24 percent growth in new
business last year. Its year-end total client base increased to
4,738 – a 16 percent increase on the previous year – and group
profit was £19m (€23m).
With an increased market share of 8.1 percent
in UK factoring, the invoice financier said it is now supporting a
“historically high number of small and medium-sized firms across a
variety of industry sectors”.
The company has also appointed Ian Watson as
CEO in the Asia-Pacific region to “capitalise on potential
opportunities for small and medium-sized businesses presented by
the weak pound and increasing trade flows across the world”.