Bibby Financial Services

Bibby Financial Services (BFS) is a multinational corporation that provides financial services to small and medium sized enterprises (SMEs).

Bibby Financial Services
TypePrivate
IndustryFinancial Services
Founded1982
HeadquartersBanbury, United Kingdom
Key people
Jonathan Andrew (CEO)
ProductsFactoring, Trade Finance, Corporate Finance
OwnerSir Michael Bibby, Bt
Number of employees
1,200
ParentBibby Line Group
Websitewww.bibbyfinancialservices.com

The company is a subsidiary of the Liverpool-based Bibby Line Group, which was founded in 1807 by businessman, John Bibby (1775-1840). Bibby Line Group operates across a range of industries including shipping, retail, marine, offshore and distribution.[1]

History

Bibby Financial Services was founded in 1982 during Sir Derek Bibby's chairmanship of the Bibby Line Group, a post he held from 1969 until 1992.[2]

For the first two years BFS was operated from the Bibby Line Group accounts department, before becoming a separate business entity.[3]

The company has a regional office network with its headquarters located in Banbury, Oxfordshire.

BFS has a network of 40 offices across Asia and Europe, including, Singapore, Belgium, the Netherlands, the Czech Republic, Slovakia, France, Germany, Poland, Ireland and the UK.

In 2020, BFS sold its North America business to Ecapital.[4]

Bibby Financial Services today

In 2013, the business had a turnover of £170m.[5] In November 2015 BFS announced that it was committing over £770m in funding to UK SMEs following a successful refinancing deal.[6]

In September 2020, BFS appointed Jonathan Andrew as Global CEO.[7]

See also

References
  1. "Bibby Line Group Companies". Bibby Line Group. Retrieved 2015-03-01.
  2. "Sir Derek Bibby, Bt". Telegraph. Retrieved 2015-03-01.
  3. "Bibby Line Group Companies". Bibby Line Group. Retrieved 2015-03-01.
  4. "eCapital acquires North American operation of Bibby". eCapital. Retrieved 2020-10-19.
  5. "Just how do you follow a star?". The Sunday Times. Retrieved 2015-03-01.
  6. Bounds, Andrew; Editor, Enterprise (2015-11-10). "Bibby Financial strikes first private sector securitisation deal". Financial Times. ISSN 0307-1766. Retrieved 2016-01-14.CS1 maint: extra text: authors list (link)
  7. "Bibby Financial Services appoints Jonathan Andrew as Global CEO". www.bibbyfinancialservices.com. Retrieved 2020-10-19.
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