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 borders.”
“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, as well as our global aspiration to become the world’s largest independent factoring company.”
BFS recorded a 24% growth in new business last year. Its year-end total client base increased to 4,738 – a 16% increase on the previous year – and group profit was £19m (€23m).
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With an increased market share of 8.1% 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”.
