Business funder expands to new Corporate Finance hub at Chineham Park
Independent SME funder, Bibby Financial Services (BFS) has announced its move to new offices at Chineham Park, Basingstoke, as part of its growth plan to support more UK businesses.
BFS employs more than 800 people throughout the UK and has moved its Basingstoke office from Ringway House to the business park, which houses more than 60 companies employing over 4,000 people.
The new BFS Corporate Finance hub will be home to finance specialists dedicated to supporting businesses with turnover of £5m or more.
Mark Finn, Managing Director of BFS’ Corporate finance division said: “With fantastic transport links to the South East, Midlands, South West and throughout Hampshire, Basingstoke is a key location for Bibby Financial Services.
“We’re delighted to announce our move to Chineham Park. Our corporate client base has expanded significantly in recent years and these modern and professional premises reflect our growth trajectory.”
All 25 BFS Basingstoke staff have moved to the new premises and the offices will facilitate further expansion up to 40 people.
BFS is the largest independent invoice finance provider in the country supporting more than 7,000 UK businesses. In 2015 the business refinanced, boosting its available funding for small and medium enterprises by £290m. Globally, the business’s funding capability amounts to more than £1bn.
Mark Finn continued: “We are well known for funding smaller businesses, but in recent years the size of our clients has grown significantly and we now support an ever increasing number of large commercial and corporate businesses.
“Our new Corporate hub will enable us to finance growth and expansion plans of more businesses throughout the country, and we look forward to further growing our support for UK PLC.”
The funder has 19 offices throughout the country and was awarded 31st place in the Sunday Times Best Companies to Work For in 2016.
Rupert Batho, Managing Director of Chineham Park, added: “It’s great to welcome such a fantastic and well-known employer to the business park. In addition to important transport links, Chineham Park provides businesses with a range of amenities including a café, gym and nursery making it attractive location to growing companies, such as BFS.”
The funder’s new Basingstoke address is: Second Floor, Forest View, Chineham Park, Basingstoke, Hampshire, RG24 8QZ.