It is our ambition to grow the level of new business that comes from your quality introductions.
In a recent survey, many of you told us you would like to hear more from us, specifically about our products, sector and market insights, as well as the types of transactions we support. On this page, we bring you information and sources of support you may find useful to be able to better work with us and service your clients.
Funding line: €350K
Sector: Manufacturing / Aircraft
Region: Co. Down
Our client manufacture specialised parts to the aircraft industry and required funding due to their 60 days credit terms putting strain on their cashflow. Our 350k facility has allowed them to continue their ‘just in time’ production lines, and support the increased demand for their aircraft components since the lifting of Covid-19 restrictions within the industry.
Funding line: €1 million
Sector: Sustainability and Environmental Consultancy
Region: Cork City
We recently funded our client who was restructuring the business to combat the decline in turnover. The business had the tough decision to reduce staff numbers by over 50% to offset operating costs. This new facility will support this turnaround period and stabilise operating costs with the security of ongoing working capital.
Funding line: €3.5 million
Sector: Food manufacture
Region: Co. Cork
Our client is involved in the manufacture of food products in the dairy industry, and our €3.5m facility helped our client exit examinership as well as supporting the acquisition of competitor business. This has helped them to increase their global sales, expanding from Ireland and Europe to the UK, USA and Middle East.
Funding line: €4 million
Sector: Mechanical design and manufacture
We recently funded our client who provide bespoke tooling that is built in-house, as well as technical design of specialist parts used in automotive industry. Our €4m has allowed our client to facilitate industry growth, as well as growth in their own debtor book, and ensure cashflow through their 90 days credit terms.
Funding line: €250K
Sector: Food and drinks manufacture
Region: North Dublin
Our client supply health foods, drinks and ready-meals to independent retailers and supermarkets. They needed funds to allow them to take on new contracts with large multiples, and our 250k facility has allowed them to secure new contracts with confidence across the larger grocery multiples.
Funding line: €550K
Sector: Agricultural manufacturer
We provided our client who is an international manufacturing company serving the agriculture market with a €550k facility. Their cashflow requirements are due to the seasonal nature of the business, with our funding and support they have expanded operations from Ireland and Europe into Australia and New Zealand.
Invoice Finance: Since 2016, BFS have been partnered with the SBCI, whose funding has allowed BFS to fund over €70m to almost 300 Irish SMEs. Find out more about our range of finance solutions and how they your clients thrive and grow.
Video: Johnathan McCarthy, Director Promec, said: “Bibby Financial Services provide us with invoice discounting, bad debt protection and trade finance if required. By having these facilities, it means we have cashflow to bulk buy material at a much lower price. This has enabled us to grow, to buy better and buy smarter. I’d 100% recommend Bibby Financial Services funding to other businesses.”
Strategic Partners: Permanent TSB and BFS Ireland exclusive collaboration between leading retail and SME bank and a specialist lender remains, one of the first of its kind in Ireland and is transforming the Irish economic landscape to provide opportunities to SMEs.
Research: 2023 Global Business Monitor Report
Take a look at our recent findings highlighting the challenges currently facing Irish SMEs, largely driven by the spiralling cost of doing business. Having the knowledge of the financial options available to them could help overcome these challenges.
Article: 90% of Irish SMEs are confident about business prospects in 2023
90% of Irish SMEs are confident about business prospects in 2023 - joint highest of nine countries surveyed in new Bibby Financial Services research.
Article: €30m fund to assist Irish SMEs affected by departure of Ulster Bank and KBC
New fund offers innovative invoice finance solutions to Irish SMEs looking for a new funding home in the wake of Ulster Bank and KBC’s departure from Ireland
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