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Commercial Credit News
New workforce fund won’t be open to smaller businesses, warns FSB
Friday, 08 September 2017
The Scottish Government has launched a new £10 million workforce development fund which won’t be open to almost all Scottish small firms. 
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Bibby Financial Services provides £1.6m funding to Toolspec Manufacturing
Thursday, 07 September 2017
SME funder Bibby Financial Services (BFS) has agreed a £1.6m funding facility to Toolspec Manufacturing Company Limited. The new facility is a combination of Invoice Discounting and Asset Finance. 
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Lloyds Bank announces new service to help businesses manage their bookkeeping more efficiently
Tuesday, 05 September 2017
Lloyds Bank Commercial Banking has today announced a new service that will help to simplify clients’ daily accounting processes and save them time so they can concentrate on growth. 
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No-deal Brexit could wipe out £3.5bn in UK automotive exports
Tuesday, 05 September 2017
UK automotive exports could fall by £3.5bn if a Brexit deal isn’t secured and ratified by March 2019, warns the global leader in trade credit insurance, Euler Hermes. 
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Leonard Curtis Business Solutions Group appointed administrators to More Food Ltd
Tuesday, 05 September 2017
Andrew Duncan and Alex Cadwallader, Directors at Leonard Curtis Business Solutions Group, were appointed joint administrators to cake makers More Food Ltd on 1 September 2017. Chichester-based More Food specialised in the creation and supply of handmade cakes and tray bakes to a wide range of customers, including local bakeries, major retailers, such as Budgens and Waitrose as well as international sandwich shop chains.
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BFS extends its funding capabilities for mid-market firms
Wednesday, 30 August 2017
The UK’s largest independently owned invoice finance provider, Bibby Financial Services (BFS), has increased its funding for mid-market businesses by agreeing a new three year, £50m bi-lateral facility with Royal Bank of Scotland Invoice Finance (RBSIF). 
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Edward Winterton, UK CEO, Bibby Financial Services comment - British Business Bank
Wednesday, 30 August 2017
Edward Winterton, UK CEO, Bibby Financial Services, comments on the British Business Bank’s announcement of the first wave of its £250m Midlands Engine Investment Fund:   “SMEs need to see the benefit from the Midlands Engine and £120 million of SME debt finance is an important first step. Saying that, more needs to be done for the realities of the Midlands Engine to be realised. Bricks need to be laid and concrete needs to be poured.
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Alternative finance market in robust health, despite CAMFI indicating slight downturn
Wednesday, 30 August 2017
The world’s first global Crowdfunding and Marketplace Finance Index (CAMFI) shows that the industry exhibited a slight downturn in July, dropping from 94.11 in June to 90.32 in July.
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60-year-old aerospace manufacturer changes business model for growth
Friday, 25 August 2017
Formed in 1953, James White Engineering Ltd (JWE) is one of Britain’s leading suppliers to the aerospace, defence and medical industries, producing components that are at the cutting edge of engineering excellence.
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Housebuilding remains strong as infrastructure reaches a new low
Friday, 25 August 2017
It was positive news for housebuilding across July, as construction contract values for the sector reached £2.5 billion.  However the same could not be said for the infrastructure sector as figures reached the lowest total for more than six years.  
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Bibby Financial Services Announces Strategic Sales Organizational Changes
Friday, 25 August 2017
Bibby Financial Services (BFS) has announced strategic organizational changes to its US sales team to support continued business growth and create greater synergies across its Asset Based Lending, Factoring and Transportation Finance offerings. Daniel Rodrigue, who rejoined BFS in April 2017 as National Head of Sales for Factoring and Transportation Finance, is now National Head of Sales overseeing all three business segment sales teams. Rodrigue will continue reporting directly to Ian Watson, CEO of Bibby Financial Services in North America.
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