Media Releases

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.

Listing day for the largest independent funder of Australian and New Zealand small and medium sized business sector

SYDNEY - Wednesday July 13, 2016 

Scottish Pacific Group (ASX:SCO) is pleased to announce it has been admitted to the Official List of the Australian Securities Exchange (ASX) and that its ordinary shares will commence trading at midday today.

“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.

“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.

Scottish Pacific Group is the clear market leader in the SME finance sector, with more than 1600 clients in Australia and New Zealand, handling more than $10 billion of invoices each year and providing debtor and trade finance funding exceeding $800 million.

Based on the listing price, Scottish Pacific Group will have a market cap of over $440m.

The 38 employees who have been with the business for 10 years or more (more than 10% of staff qualified, highlighting Scottish Pacific’s position as an employer of choice) were invited to witness today’s listing.

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 comprises three main brands: Scottish Pacific Business Finance, www.scottishpacific.com, FactorONE, www.factorone.net.au, and Scottish Pacific Tradeline www.sptradeline.com.

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.

For more information, contact:

Kathryn Britt                                   Wayne Smith
Cicero Communications               Scottish Pacific Head of Marketing
Tel: 0414 661 616                           Tel: 0412 339 853
                 

< Back to Media Releases

AWARD WINNING SOLUTIONS

sp awards2019

         Industry Cash flow  Lender
      Award Winners 5 years in a row

ENJOYING OUR CONTENT?

Subscribe to receive relevant articles and news to help you manage and grow your business.

Please let us know your name.

Invalid Input

Please let us know your email address.

Invalid Input