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.”
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“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).
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”.
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