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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.

New growth opportunities are emerging for South Australian SMEs as the local economy continues to restructure - but with growth comes risks around managing cashflow.

Debtor finance is an increasingly popular funding option for SMEs. A local example is Adelaide-based Ultra Violet Products (UVP), whose growth over the past decade has been funded by Australia's largest working capital solutions specialist, Scottish Pacific Debtor Finance.

UVP specialises in non-chemical disinfection and contamination control using germicidal UV lamps and for the past decade has used a debtor finance solution that leverages the business' growing accounts receivables ledger.

Scottish Pacific has recently appointed Greg Hardiman to service the growing demand from the South Australian SME market.

Mr Hardiman said UVP's long term growth into a leading distribution business with niche products was a great example of what local businesses could achieve.

"Scottish Pacific is proud to have supported UVP over the last decade. This company is an example of a resilient business that has a demonstrated ability to adapt to change, is nimble and maintains a positive outlook," Mr Hardiman said.

UVP Managing Director, John James, said the right working capital solution had brought cashflow stability to the business.

"We are now able to plan for the future, confident we have the liquidity required to support our growth strategy. The debtor finance solution has had an extremely positive influence on our business, helping us to negotiate supplier discounts and recently delivering the capital structure to support our growth strategy" Mr James said.

Mr Hardiman believes that within the local business landscape, for the past two years the emphasis has been on controlling costs, but there are now many SA-based SMEs focusing on growth.

"As the local economy continues to restructure, new opportunities for growth have emerged but many businesses are reviewing how that growth can be funded. Managing growth is increasingly about managing cash flow and many SMEs are preferring practical, no fuss finance solutions," he said.

"New thinking is needed across all industries for SMEs to navigate future change. There are plenty of enterprising SMEs adopting a fresh approach, diversifying and finding new niche markets. Like UVP, this new thinking is what sets SA businesses apart and is set to rejuvenate the economy.

For more information contact:
Kathryn Britt
Cicero Communications
Tel: 0414 661 616

About Scottish Pacific
Scottish Pacific Debtor Finance Pty Ltd provides working capital solutions to SMEs, offering the broadest range of trade and debtor finance solutions in Australasia. Established in 1988, Scottish Pacific has full operations centres in Sydney, Melbourne, Perth, Brisbane, Auckland and China.

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