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SP 30yr AUS

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.

March 22, 2017

Australia’s largest specialist provider of SME working capital solutions, Scottish Pacific (ASX:SCO), has been promoted into the S&P/ASX 300 Index.

The Index consists of companies selected by Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX), and provides exposure to Australia’s large, mid and small-cap equities.

Scottish Pacific CEO Mr Peter Langham said the company’s entry onto the ASX 300 benefits shareholders by introducing Scottish Pacific to a wider range of investors.

“Given investors regularly use the ASX 300 as a benchmark for superannuation portfolios and managed funds, we would expect interest from a broader base of potential investors,” Mr Langham said.

“Scottish Pacific remains well positioned to grow core exposure and revenue by leveraging our scale to serve the working capital needs of SMEs.

“We continue to grow our business with new products such as Progress Claim Finance and Bad Debt Protection, along with our extensive and specialised product offering in trade and debtor finance.”

Scottish Pacific Business Finance is part of the Scottish Pacific Group (ASX:SCO) and is the largest specialist provider of working capital solutions for SMEs in Australia and New Zealand. More than 1700 clients in industries including transport, manufacturing, wholesale, import, labour hire and printing benefit from their broad range of trade and debtor finance solutions. Scottish Pacific handles more than $14 billion of invoices each year, providing debtor and trade finance funding exceeding $1 billion. Established in 1988, the business has full service bases in Sydney, Melbourne, Perth, Brisbane, Adelaide, Auckland, London and China. Scottish Pacific is part of the S&P/ASX 300 Index.

Follow Scottish Pacific Business Finance on Twitter - @ScottishPacific - and on LinkedIn

For investor information contact:
Peter Langham
Scottish Pacific
Ph: 02 9372 9999

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