Bibby Financial Services Review
Bibby Financial Services offers invoice factoring and discounting from 0.75% service charge with advance rates up to 90%, for UK businesses with turnover from £50,000. Part of the Bibby Line Group (established 1807), they are one of the UK's largest independent invoice finance providers with over 7,000 clients.
Key Facts
Pros and Cons
Strengths
- One of UK's largest independents (7,000+ clients)
- Low minimum turnover (£50k)
- Strong construction and recruitment expertise
- Export factoring to 80+ countries
- Bad debt protection available
- No personal guarantee required on some facilities
Limitations
- Slightly higher starting rate than Close Brothers
- 12-month minimum contract on most facilities
- Online portal less modern than some competitors
Who Is Bibby Best For?
Bibby is an excellent choice for SMEs in construction, recruitment, or manufacturing who want an experienced independent provider. Their willingness to take on more complex situations (turnaround, poor credit, startups with creditworthy debtors) makes them more flexible than many bank-owned providers.
If you export and need multi-currency invoice finance, Bibby's international capability is a significant advantage over smaller independents.
Our Verdict
Bibby is a trusted, well-established choice with genuine sector expertise. They sit in the sweet spot between the flexibility of small independents and the security of bank-owned providers. The 12-month minimum contract is worth noting, but their overall package is strong for most SMEs.