1. Deal Bulletin
Funding under £1 Million
BAKING COMPANY
Turnover - £5m
Factoring
Funding Line - £500k
RECRUITMENT COMPANY
Turnover - £1.3m
Confidential Factoring with Bad Debt Protection
Funding Line - £150k
Deals over £1 Million
Agenda
Summary - A baker providing specialist patisserie
products across the UK were in need of substantial
funding after securing contracts with two blue-chip
food retailers. Alongside these two large contracts
the facility needed to be robust enough to provide
funding for a scheduled move into the food service
industry with a lucrative contract to supply an airline
being finalised. Despite a highly concentrated
ledger, Bibby Financial Services was able to
provide a Factoring facility to meet the firm’s
increasing cash flow requirements. With the facility
in place the funding line has enabled the company
to secure larger contracts with a total value of over
£7.5m.
Summary - With an invoice finance facility already in
place with another provider, this recruitment company
was prompted to change funder by their associate
company who already had a facility with Bibby Financial
Services. The decision was taken to finance both
companies through facilities provided by ourselves as a
result of the fast and efficient service experienced. The
company benefited through greater control and flexibility
now that both companies are operated from the same
office. With Bad Debt Protection in place the company
was also able to receive a higher level of funding
compared to their previous provider. A seamless
interfactor transfer was completed within seven days
resulting in payroll payments being unaffected.
SOLAR PANEL ENERGY DISTRIBUTION
Turnover - £3m
Factoring with Bad Debt Protection
Funding Line - £200k
RECRUITMENT COMPANY
Turnover - £500k
Factoring
Funding Line - £150k
Summary - This innovative start-up company delivers
solar panels into the supply chain for sale to both
commercial and residential properties. The business
owners required a facility that would assist with their
rapid expansion plans by developing their customer
base. They quickly discovered that extending the terms
of trade from 30 to 60 days would yield increased sales
enabling the desired level of growth. The business
owners approached Bibby Financial Services due to
reassurance that a funding decision would be reached
quickly. With a Factoring facility implemented shortly
afterwards that also protected the company against bad
debts, the business owners are able to focus on
expansion within their desired timescale.
Summary - Established in 1999 this long-standing
recruitment company has built a well-respected
reputation for supplying staff into the hospitality industry.
Alongside their more established sectors, organic
business growth had led to a requirement for additional
funding support. Although an existing invoice finance
facility was in place it did not provide the flexibility that
the business now required. Bibby Financial Services
were able to swiftly implement a robust Factoring facility
that would better support the needs of the company.
Although the firm had identified many options for funding
available, it was the speed of service that pushed Bibby
Financial Services ahead of the competition. Now with an
enhanced facility in place the firm can continue to grow
based on their strengthened financial position.

2. TIMBER MERCHANT
Turnover - £1.1m
Purchase Funding
Funding Line - £100k
BESPOKE CATERING
Turnover - £90k
Forward Finance
Funding Line - £30k
Summary - With a fantastic commercial opportunity to
expand their client base beyond their usual trade, this
timber producer required additional funding to bolster
their cash flow position. A middle-eastern shipyard
required wooden struts to support ships in dry dock and
should the first order go well, a lucrative contract would
follow. The firm needed to purchase raw materials to fulfil
the size of the order but their existing banking facility was
not large enough to accommodate this requirement.
Bibby Financial Services was able to provide a £100k
Purchase Funding facility whereby the timber suppliers
received upfront payment with repayment to Bibby
Financial Services being made over 90 days.
Furthermore the facility enables the firm to utilise a
Purchase Funding facility when required, allowing the
timber merchant to seize future opportunities regardless
of timescales. Without the support of Bibby Financial
Services, the client would have lost out on this valuable
opportunity.
Summary - This new start bespoke catering company
specialises in photographic shoot and on-site event
catering. With an impressive client roster of high profile
clients including Marks & Spencer and Sainsbury’s, the
business experienced a sudden influx of orders. As sales
increased so did operational costs which were
compounded by late customer payments ranging
between 60 - 120 days. Despite having a strong pipeline
of orders, the company was refused an overdraft by their
bank. It was at this point that the business owner was
introduced to Bibby Financial Services who were able to
provide funding through Forward Finance. With funding
now in place the business is looking to expand through
creating an enhanced digital presence.
COURIER SERVICE
Turnover - £300k
Forward Finance
Funding Line - £50k
ENVIRONMENTAL COMPANY
Turnover - £6m
Construction Finance
Funding Line - £600k
Summary - Now trading for 15 years this family run
courier business specialises in the transportation of
temperature controlled goods including frozen food and
pharmaceutical products. The company has been
impacted through the closure of a number of key
customers resulting in the business owners having to
take the difficult decision to scale back operations. Until
this point the business had a Factoring facility in place
with a high street bank who were unable to continue
supporting the business in the way it had before. Bibby
Financial Services were able to provide the much needed
funding through Forward Finance which has led to sales
momentum gaining and the funding level being
increased. The business has gone from strength to
strength with all previous drivers being re-employed and
some new drivers joining the team.
Summary - This environmental firm was trading steadily
and had ambitious plans for growth. The company
however was hindered by an ex-director receiving large
interest payments as a result of security he provided
when the company first started trading. Fortunately the
firm was introduced to an experienced individual within
the market sector who accepted a role at the company
implementing new procedures to drive efficiencies. With
the new director in place Bibby Financial Services was
able to provide a confidential Construction Finance
facility. With this reliable form of funding in place the firm
is now back on track to achieve its growth strategy.
If you have any potential client situations that
you would like to discuss please call:
0191 516 5925
www.bibbyfinancialservices.com