UK’s Open Outdoor Media secures £1m funding

London-based Open Outdoor Media has secured a £1m funding facility from Bibby Financial Service (BFS) as working capital and to finance new projects. The OOH firm’s founder Mike Smith was quoted in a media report as saying that the funding will help the firm to secure additional advertising sites, including 2 displays on Hotel Football at Old Trafford and BoxPark in Wembley.

“Working with Langtons Corporate Finance and the Corporate team at BFS has opened our eyes to the different ways that funding can help. The Invoice Finance facility was put in place promptly and they were always on hand to answer our calls. Choosing BFS as our funding partner of choice will allow us to access the equipment we import from the USA at a faster pace and with greater ease, ultimately allowing us to better service our clients,” he said.