BIBBY FINANCIAL TAKES THE SECURITISATION ROUTE ISSUER STRATEGY

摘要

Bibby Financial Services is the UK's largest independent invoice finance provider, advancing money to companies against invoices or contracts they have submitted to clients. The service provides much-needed cash-flow to small and medium-sized enterprises (SMEs), helping them to expand and develop across economic cycles. A privately owned business, Bibby traces its roots back about 200 years and has traditionally been funded by banks' own invoice finance subsidiaries. After the financial crisis, however, this funding became progressively more expensive and more restricted, so Bibby started to consider alternative avenues.