New office opens as 71% of Irish SMEs call for Government to implement tax breaks to help deal with Brexit
To facilitate an increase in business in the Munster region, Bibby Financial Services Ireland (BFSI), a leading provider of financial support and funding solutions to Irish SMEs, has announced the opening of its new Cork office.
The new office, located at Unit 10, South Bank, Crosse’s Green in Cork city centre will be led by recently-appointed Head of Sales for Munster Stephen McCarthy and offer bespoke financial assistance and a range of products tailored to support small and medium-sized businesses. BFSI is already working with leading Munster businesses such as specialist recruitment agency Hamilton French, and the new office will drive further expansion in its client base across the region.
The latest SME Ireland Confidence Tracker, published by Bibby Financial Services Ireland, found that 63% of SMEs believe the government should do more to assist the sector, with 71% identifying the need for additional tax breaks. The research also found that half of Irish SMEs expect to see either a slight (37%) or significant (12%) increase in sales in Q2 of 2019, despite the uncertainty regarding the outcome of Brexit. A further 38% expect their sales to remain steady.
Bibby Financial Services Ireland helps businesses to thrive and grow in domestic and international markets by providing bespoke financial assistance and a wide range of specialist and working capital funding options. Its funding portfolio includes confidential invoice, trade and export finance, foreign exchange services, bad debt protection and specialist funding for a range of sectors. With a global reach from North America, across Ireland, the UK, Europe and South East Asia, Bibby Financial Services possesses expert knowledge to assist businesses trading in these locations.
Stephen McCarthy, Head of Sales for Munster at Bibby Financial Services Ireland, said: “Cork continues to build on its reputation as a leading national and international business hub – thanks in no small part to its vibrant SME sector. We’re delighted to be expanding our geographical reach to give SMEs in Cork and the wider Munster region direct access to invoice financing and a range of funding solutions that can make a real difference to their business, safeguard cashflow, and fuel further growth.”
Mark O’Rourke, Managing Director at Bibby Financial Services Ireland, said: “We’re focused on building out our regional teams to support Irish SMEs responding to the challenges posed by Brexit – many of whom will be adversely affected by any disruption to existing supply chains or further fluctuations in the value of Sterling. The new Cork office will provide a convenient point of contact for SMEs looking to make the most of their business by speaking to a member of our expert team.”
Sean McGrath, Managing Director of Hamilton French, said: “Partnering with Bibby Financial Services Ireland was a game-changer for our business. Their in-depth knowledge of the challenges facing SMEs, the opportunities for growth, and their understanding of the various sectors for which we provide tailored recruitment services has seen our business go from strength to strength. We’re looking forward to working even more closely with the team here in Cork.”
Bibby Financial Services Ireland is part of Bibby Financial Services Group, an independent financial services partner to over 10,000 businesses across 14 countries. The Irish operation was established in 2006 and has an expert team of 30 employees headquartered in Sandyford, Dublin.
For more information about Bibby Financial Services Ireland, please visit: www.bibbyfinancialservices.ie
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