Bibby Financial Services (BFS), part of the Liverpool-based Bibby Line Group, is set to open a new office in London in December, which will also create new jobs. The new premises will be at 30 Crown Place, between Liverpool Street and Moorgate stations.
Managing director for BFS, Derek Ryan, said it was a ‘hugely exciting time’ for the company, as it looks to expand operations so that it can grow its support for SMEs and intermediaries in Londo and the South East, reports Business Live.
However, the move comes after BFS announced in January this year that it was closing its Liverpool office, which caused redundancies. The company said at the time that it was ‘reshaping’ the business.
The firm said that redundancies ‘are never something we take lightly’, but a spokesman added: 'these proposals involve taking difficult decisions’, but insisted that Liverpool would remain ‘an important priority’ for the business.
The changes reflected the need to adapt to a changing world, to remain competitive and to ensure that the company continued to provide the level of service its clients expected. BFS continued to have offices in Manchester and Warrington, and parent Bibby Line group would continue to be headquartered in Liverpool.
Bibby Financial Services employs over 1,300 people globally, including 800 in the UK, and operates in nine countries throughout Europe and Asia.
“We’re well known for the relationships we have throughout the intermediary community among finance brokers, accountants, solicitors and business advisors, and we want to continue to develop and grow these relationships to help support SMEs,” said Ryan.
He added that the new London office would undoubtedly allow the company to do this, but act as a hub to facilitate new business development.
Ryan explained that with government support measures for the pandemic winding down, cash flow for UK businesses is more important than ever. He said that the business had experienced a strong 2021, with teams across the UK finding structure and funding facilities for SMEs, working with their business advisor community and maintaining support for clients.
He said that BFS aims to build on this success even further in the coming years by enhancing existing relationships and developing new partnerships to continue supporting national and local economies.
Ryan said that across all of the firm’s markets, its customers are reporting a bounce back in sales volumes, which reflects a significant economic boost for SMEs and supply chains.
“In response, we continue to expand our UK workforce, actively recruiting in both Sales and Operations, to continue to support new and existing clients,” he said.
Concluding, Ryan said that the opening of the new premises in central London will demonstrate the firm’s commitment to the SME market, as wells its desire to support long-term economic recovery in the UK, as the country looks to bounce back from the impact of the COVID-19 pandemic and resulting lockdowns.
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