The Bibby Financial Services Group has launched Bibby Invoice Discounting Ltd, a new division that will work alongside sister company - Bibby Group of Factors - the largest non-bank-owned factoring organisation in the country.
The company will be headed by managing director Caroline Langron, who joined Bibby Group of Factors six years ago, initially holding the position of managing director at Bibby Factors West Midlands. She has a strong track record in the business finance sector, having previously held the position of assistant director at Close Invoice Discounting.
Caroline will be supported by operations director Toni Dare and she predicts that the team will grow quickly. "Invoice discounting is one of the fastest developing forms of business finance, growing by 21% in 2000. More and more accountants and business advisors are now recommending invoice discounting as it is an ideal form of funding for a growing business."