Time Finance continues to strengthen its Asset Finance division

Time Finance plc (LON:TIME), the AIM-listed specialist finance provider, has announced that the strengthening of its Asset Finance division will continue throughout 2022. direction to advance its growth strategy.

In January this year, Steve Nichols joined as Director of Asset Finance, a new position, to oversee and lead the division. A well-known industry figure, Steve has built a highly successful career over the past two decades, having held senior roles at Barclays, Santander, Close Brothers and most recently Simply Asset Finance. He will now be instrumental in guiding the future development of Time Finance’s asset finance proposition.

Since joining, Steve has already overseen the launch of a new product to market in May this year. ‘Fast Track’ is designed to make funding more quickly available to UK businesses looking to invest in their operations, giving brokers and SMEs quick access to soft assets worth up to £10,000 .

Steve’s appointment was closely followed by a number of key hires to the business development team, which allowed Time Finance to strengthen its national presence and increase the support offered to brokers. In July, Paul Seddon was recruited as Head of Credit, bringing with him over 40 years of experience in the banking industry, to support the underwriting team, enabling the company to further expand its customer base and build its portfolio of more complex and challenging operations. . Paul previously held positions at Aldermore, Handelsbanken and RBS.

Expanding its broker service offering across the UK, the Asset Finance division has also appointed Laura Mott as Head of Broker Sales. Laura joined Wesleyan where, as Broker Relationship Manager, she was instrumental in launching its broker proposition and a key driver of the success of the Bank’s Broker Division. With over 14 years of industry experience, she will be responsible for managing the new national sales team and enhancing the Company’s industry-leading service delivery to brokers and their SME clients. Adding to the team, two new Broker Managers, Matt Dean and Lauren Sharples, have also been recruited and bring with them a combined 26 years of experience.

These appointments are a key pillar to support Time Finance’s anticipated growth trajectory and demonstrate its commitment to implementing its strategic plan, including the expansion of its asset finance offering.

Commenting, Ed Rimmer, CEO of Time Finance said: “The Asset Finance division of Time Finance has an exceptional team who work very hard to ensure that we provide tailored solutions that help SMEs achieve their growth ambitions. Individually and collectively, they bring a wealth of knowledge to the business, which improves the service we provide to SMEs and our partner brokers.

“The Division is key to our ambitious medium-term growth plans and beyond. With the team now in place, we expect to drive growth in proprietary deal origination, which in turn will fuel increased revenue and earnings, improving shareholder value and returns. »

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