The annual accounts for the year ended 31 December 2001 show that Bibby Financial Services Limited has enjoyed another year of sustained growth. Turnover rose by 15.3% from the 2000 figure of Ј29.367m to Ј33.875m. Profit before tax rose by 12% to Ј11.208m, which compares with the 2000 figure of Ј10.007m.
David Robertson, Bibby’s Chief Executive said that Bibby’s success was due to a number of key factors. Firstly the Bibby model; a network of 15 regional factoring companies. “Each separate company is autonomous and the managers, ambitious people who want to succeed, also work hard at improving the company as a whole.”
