Real Deals

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.

Scottish payroll services 1Why Debtor Finance?

The business was financing its own contract payroll business from retained earnings when the opportunity arose to acquire the contract payroll portfolio of another major recruitment company which required the weekly financing of the gross payroll of a large number of employers. With the sums involved fluctuating from month to month debtor finance was the most efficient way of funding this additional and fairly sudden need for additional working capital.

Why Scottish Pacific?

The transition of payroll services to the clients engaging the staff needed to be seamless and entirely without interruption and an extremely tight timeline had to be maintained. A delay, error or interruption of paycheques of even a single week would have shaken the confidence of both these clients and the contract employees. Our client needed a supplier who would work with a burst of energy against the clock to ensure the required due diligence was performed to a very tight schedule and who had a sufficiently commercially-minded credit approval processes, and this was achieved by Scottish Pacific against a very challenging deadline.

To find out more about how Scottish Pacific can help your business, please visit our services page.

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