Bibby, client lifetime up by 20%
In the recent Business Money Receivables 2014 the top 14 invoice finance house, bar one, were all owned by banks. The exception was Bibby in eighth place with close to £5bn of sales financed.
If total client numbers are viewed, 9,700 worldwide, then Bibby is the biggest independent invoice financier in the world.
The latest Bibby factsheet contains a wealth of statistics but not the most interesting one of them all, that client lifetime has grown by 20%.
A delighted managing director, David Postings, leaked this one to me as we discussed Receivables on the telephone recently.
