Bibby Financial Services vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026
See how Bibby Financial Services compares to IGF (Independent Growth Finance) side by side, then get three tailored quotes to weigh alongside them. Free, no obligation, and nothing to pay if you decide not to proceed.
Start here: what fits your business?
Both operate in UK independent invoice finance, outside the high street banks. They differ on sector focus, headline pricing and the minimum turnover they will consider. Bibby Financial Services advances up to 85%, setup typically in 5 working days; IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant, setup typically in 10 working days. Bibby Financial Services does not publish a minimum turnover figure, IGF (Independent Growth Finance) needs £5m minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Bibby Financial Services · IGF (Independent Growth Finance)
| Compared on | Bibby Financial Services | IGF (Independent Growth Finance) |
|---|---|---|
| Product type | Invoice finance (factoring, CID, ABL) | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | Not published | £5m |
| Advance rate | Up to 85% | Up to 90% receivables + stock + plant |
| Typical fee | Not published (quoted per facility) | Bespoke pricing |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 5 working days | 10 working days |
Sources for these figures: Bibby Financial Services: advance rate · Bibby Financial Services: founding date · Bibby Financial Services: BFS acquires Aldermore's Working Capital Finance division (June 2023) · IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025) · IGF: UK businesses with over £5m annual turnover
When Bibby Financial Services wins
- Company-stated: one of Europe's largest independent invoice finance providers, funding over 8,500 businesses.
- Sector-specialist underwriting teams for construction, recruitment, manufacturing.
- Setup typically around 5 working days for clean-credit cases.
- Acquired Aldermore's Working Capital Finance division in June 2023 (announced by both firms).
Best for
Construction subcontractors, Recruitment agencies, SME manufacturing.
Watch outs
- No published service charge or minimum turnover, so it cannot be benchmarked without a quote.
- Personal guarantee standard for smaller facilities.
- Larger facilities reviewed by credit committee, slower than fintech.
When IGF (Independent Growth Finance) wins
- ABL specialist: receivables + stock + plant under one facility.
- Facilities of £2m to £25m, where monoline IF lenders cap out.
- Flexible covenant negotiation.
- Established mid-market ABL reputation.
Best for
Businesses over £5m turnover needing £2m or more, Complex ABL needs (receivables + stock), Turnaround and restructure cases.
Watch outs
- Pricing bespoke, not transparent in marketing.
- Setup 10 days, slower than monoline IF.
- Facilities start around £2m, so smaller SMEs are out of scope.
FAQ
Bibby Financial Services or IGF (Independent Growth Finance): which is the better fit for UK invoice finance in 2026?
Bibby Financial Services is the stronger fit for construction subcontractors; IGF (Independent Growth Finance) fits businesses over £5m turnover needing £2m or more better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
How do Bibby Financial Services and IGF (Independent Growth Finance) price their facilities?
Neither publishes its pricing; both quote per facility. The table above sets advance rate, setup speed and minimum turnover side by side.
Can I get a confidential facility with either Bibby Financial Services or IGF (Independent Growth Finance)?
Both Bibby Financial Services and IGF (Independent Growth Finance) offer confidential invoice discounting (your customers are not notified).
Where does each one struggle?
Bibby Financial Services is the wrong fit for businesses wanting published pricing up front. IGF (Independent Growth Finance) is the wrong fit for businesses under £5m turnover. If either describes your business, browse the side-by-side or get 3 free quotes through our quote form.
Can Market Invoice help me choose between Bibby Financial Services and IGF (Independent Growth Finance)?
Yes. marketinvoice.co.uk is an independent comparison and introducer service operated by Best Business Loans Ltd (company 16833937), and is not tied to either provider. Share your turnover, sector and debtor profile and eCapital, our introduction partner, handles your enquiry and comes back to you with quotes, with no obligation to proceed.
Related
- Full Bibby Financial Services review
- Full IGF (Independent Growth Finance) review
- Close Brothers Invoice Finance vs Ultimate Finance
- Aldermore Invoice Finance vs Close Brothers Invoice Finance
- Allianz Trade vs Close Brothers Invoice Finance
- All UK invoice finance comparisons
- Browse every reviewed UK invoice finance provider
- UK invoice finance by region
Sources
- Rates, advance percentages and product details checked against Bibby Financial Services's own site.
- Rates, advance percentages and product details checked against IGF (Independent Growth Finance)'s own site.
- Bibby Financial Services: advance rate
- Bibby Financial Services: founding date
- Bibby Financial Services: BFS acquires Aldermore's Working Capital Finance division (June 2023)
- IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025)
- IGF: UK businesses with over £5m annual turnover
Get 3 free quotes
Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. eCapital, our introduction partner, handles your enquiry and comes back to you with quotes. Free, and no obligation to proceed.
Get my 3 quotes →Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .
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Disclosure: marketinvoice.co.uk is an independent invoice finance comparison and introducer service operated by Best Business Loans Ltd (company number 16833937). It is a separate business and is not connected to Kriya, Allica Bank or to any provider named on this page. Our introduction partner pays us a fixed fee for each business we introduce, whether or not a facility follows; this is never added to your costs. Invoice finance for limited companies is not a regulated activity, so this comparison is general information rather than regulated financial advice. Figures are indicative; larger facilities are commonly priced bespoke, so confirm terms directly with the provider before you sign.