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Update: The Australian and New Zealand operations of Bibby Financial Services were acquired by Scottish Pacific Business Finance in late 2015 to create Australia’s largest non-bank invoice finance specialist. Welcome to our website.

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Scottish Pacific Group Lists On The ASX

Scottish Pacific Group Lists On The ASX

Scottish Pacific Group (ASX:SCO) is delighted to announce it has officially been listed on the ASX as of Wednesday last week. The Group, comprising Scottish Pacific Business Finance, Factor ONE Invoice Finance and Tradeline, supports more than 1600 clients across Australia, New Zealand and the UK, and advances in excess of $800m in funds each year from over $10bn AUD in invoices under management. The Group has a market capitalisation of over $440m. 

Peter Langham, CEO of Scottish Pacific Group remarked:

“Today is a major milestone for management and for our 260 staff. It is a celebration of Scottish Pacific’s long history of working with the business community to provide the flexible working capital requirements they need to grow,” Scottish Pacific Group CEO Mr Peter Langham said.

“Much of our success as a business has been driven by the relationships we hold with finance professionals and business advisers and it is particularly at times like these, that we extend our sincere thanks for their support. We look forward to continuing to work in partnership to support business owners in achieving their aspirations.”

“Our management team have spent many years at Scottish Pacific and will continue to provide strong direction for us, as we strengthen our offering within Australia and New Zealand,” he said.

Operations Support Officer Mrs Anita Roopra, who joined Scottish Pacific more than 25 years ago, was given the honour of ringing the bell on behalf of all staff.

Scottish Pacific Group (ASX:SCO) is the largest specialist provider of working capital solutions for SMEs in Australia and New Zealand. Established in 1988, the business has full service bases in Sydney, Melbourne, Perth, Brisbane, Adelaide, Auckland, London and China. Scottish Pacific was voted by brokers Best Cash Flow Lender 2016, 2015 and 2014 in The Adviser’s annual Non-Bank Lending Awards; and named Best Trade Finance Provider 2015 at the international Trade Finance Global Excellence Awards.

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