Bibby Financial Services and Assets Accountancy the SME business advisory firm have announced a strategic partnership to provide whole-turnover invoice finance facilities.
The agreement will see BFS become Azets’ preferred partner for funding facilities up to £250,000, enabling its network of 3,500 accountancy and advisory specialists to access working capital and cashflow solutions to support their clients.
The partnership will enable Assets network of 3,500 accountancy and advisory specialists to access working capital and cashflow services to support their clients.
The invoice finance provider BFS has offices across the UK in Glasgow, Leeds, Salford Quays, Birmingham, Leicester, Oxfordshire, Hampshire, London and Brentwood with its headquarters being in Banbury.
What does the Bibby & Azets partnership mean?
Neil Grogan, head of strategic partnerships at Azets, said: “SMEs are the lifeblood of the economy, and we’re committed to helping them through the provision of the expert advice offered throughout our network.
“As the largest independent invoice finance provider, Bibby financial services has both the expertise and scale to enable our accountancy and advisory specialists to better support their clients in 2022 and beyond.”
Derek Ryan, UK Managing Director for BFS, added: “We’re delighted to partner with such a forward looking organisation like Azets that shares our ambition to improve outcomes for UK SMEs.
“We want to further build on and complement the relationships we have throughout the intermediary and business advisory community. Azets’ commitment to delivering excellent service, coupled with its expert network of accountants and business advisors make it a natural and strategic fit for us, and we look forward to boosting support for UK SMEs together.
BFS is the largest independent invoice finance provider in the UK, they support more than 6,000 SME clients in over 300 industry sectors through its asset based lending solutions, including Factoring, Invoice Discounting, Trade and Export Finance, Asset Finance, and specialist funding for the Construction and Recruitment sectors.
The lender was awarded Factoring and Invoice Discounter of the Year for the 15th time at the National Association of Commercial Finance Brokers (NACFB) in November 2021.
Azets is a leading UK Top 10 accounting firm as well as being one of Europe’s largest regional accountancy and specialist business advisor to SMEs, employing more than 6,500 people and supporting some 120,000 clients.
Azets has offices in Newbury, Theale, Witney, Bicester, Gloucester, Evesham, Worcester.