BFS supplies a recruitment company with a invoice discounting facility worth £7.2m
Following an agreement to buy out the company, the managing director turned to BFS to fund the purchase of the ledger and assets of the business. The facility provided by Bibby Financial Services has enabled the managing group to target doubling turnover and increase profitability by improving market share.
BFS were able to secure this deal within a short time frame, despite the close proximity of other lenders. Our efficiency and quick turnaround period resulted in BFS being the funder of choice, and we are delighted to support our new client in their future growth aspirations.