Press Releases | Time Finance

Our Time Finance press centre provides you with our latest news. For media enquiries, contact our press office on press@timefinance.com

Mike Cavanagh Headshot

20 Sep 2023 / Invoice

Time Finance is delighted to announce the appointment of Mike Cavanagh as Relationship Manager in its Invoice Finance.

Mike Hood Headshot

15 Sep 2023 / Asset

Time Finance is pleased to announce continued growth in its Vendor Finance team with the appointment of Mike Hood as Regional Sales Manager for the North East.

Morgan Lee Headshot

02 Aug 2023 / Asset

Time Finance is pleased to announce the appointment of Morgan Lee as Broker Manager in its Asset Finance team, overseeing the North West and Midlands regions.

Business owner image

01 Aug 2023

Recent ONS figures reveal a 15% drop in insolvencies, but also highlight an ongoing decline in business startups. Time Finance CEO, Ed Rimmer, emphasises the need for long-term plans to support economic stability.

Laura Mollet at the AFC awards

24 Jul 2023 / Asset

Time finance has been awarded the prestigious title of Asset Finance Provider of the Year 2023 at the Asset Finance Connect Summer Awards.

Justin Nel

11 Jul 2023 / Invoice

Time Finance is pleased to announce the appointment of Justin Nel as Business Development Manager in its Invoice Finance team.

Ed Rimmer corporate headshot

10 Jul 2023

Following a year of ambitious growth for the alternative SME lender, aim-listed Time Finance has revealed all-time high annual trading results, with its gross lending book reaching a record £169m and profits up 273%.

Ollie Cole corporate headshot

04 Jul 2023 / Asset

Time Finance has welcomed Ollie Cole into the role of Broker Manager to strengthen the firm’s hard and soft Asset Finance offering across the South West of England.

David Hewitt

22 Jun 2023 / Invoice

Time Finance is pleased to announce the appointment of David Hewitt as Business Development Manager, who joins with over 40 year's industry experience.

Leann Warburton

19 Jun 2023 / Invoice

Time Finance is pleased to announce the appointment of Leann Warburton as Business Development Manager in its Southern Invoice Finance team.

Matt Graham corporate headshot

12 Jun 2023 / Asset

Time Finance has announced the appointment of Matthew Graham as Head of Vendor Sales to support the growth of its vendor finance channel.

Ian Shaw corporate headshot

07 Jun 2023 / Invoice

Time Finance is pleased to announce the appointment of Ian Shaw as Relationship Manager.

Matthew Ridgley

01 Jun 2023 / Asset

Time Finance is excited to welcome Matthew Ridgley to the team as Asset Manager.

Tariq Bourdouane corporate headshot

23 May 2023 / Invoice

Time Finance is pleased to announce the appointment of Tariq Bourdouane as Business Development Manager in its Invoice Finance team.

Thomas Ludden corporate headshot

19 May 2023 / Invoice

Time Finance is pleased to announce the appointment of Thomas Ludden as Business Development Manager in its Invoice Finance team.

Industry worker welding iron

10 May 2023 / ABL

Time Finance, the alternative finance provider to UK SMEs, has achieved another lending milestone with the delivery of its first Asset Based Lending (ABL) facility.

Asset Finance Connect logo

02 May 2023 / Asset

Time Finance is delighted to announce that it has joined Asset Finance Connect as its newest Corporate Member.

Businessman sat analysing reports

25 Apr 2023 / Invoice

New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B business community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances.

Man working alongside laptop

18 Apr 2023 / Invoice

Fresh data from Time Finance has uncovered the true impact of late payments for SMEs with 75% of UK businesses worrying about cashflow as a direct result of overdue invoices from their customers.

Neil Fullbrook headshot

03 Apr 2023 / Invoice

Time Finance has today announced the appointment of Neil Fullbrook as Business Development Manager in its Invoice Finance team. Neil has been appointed to drive business growth within the South East of England.

Asset Finance roundtable

30 Mar 2023 / Asset

Market resilience and optimism continue to boost confidence amongst brokers and fuel plans for growth, finds Time Finance.

Man sat at desk with calculator

27 Mar 2023 / Market Research

New data from Time Finance has revealed the worsening challenge of late payment debt as it finds SMEs are owed on average quarter of a million pounds in outstanding invoices.

Asset Finance roundtable

20 Mar 2023 / Asset

Time Finance, the leading alternative finance provider, has announced its commitment to investing in technology to provide a market-leading service for asset finance brokers following a recent roundtable discussion with industry experts.

Casey Baldwin Headshot

15 Feb 2023 / Invoice

Time Finance is pleased to announce the appointment of Casey Baldwin as Business Development Manager in its Invoice Finance team.

Woman holding phone with plant background

06 Feb 2023 / Market Research

New data from Time Finance reveals that one in three businesses see effective monitoring of their impact on the environment to be the most crucial step in building a more sustainable future.

modern office building

27 Jan 2023

Time Finance, the AIM-listed alternative finance specialist to UK SMEs, is pleased to announce its half year financial results as it supports over 10,000 UK businesses with over £150 million of funding.

Hands holding globe and tree

26 Jan 2023 / Market Research

New data from Time Finance has shed light on the rise of conscious consumerism as it finds 82% of customers believe it is important for businesses to have green credentials, and 70% claim their sustainability commitment influences their decision to buy from them.

Green forest recycle

04 Jan 2023 / Market Research

New data from Time Finance has shown that half of UK SMEs are anticipated to invest in sustainability in 2023 as pressure mounts for businesses to cut their carbon emissions in-line with the Government’s 2050 Net Zero targets.

Head shot of Ed Rimmer

20 Dec 2022

Time Finance is pleased to announce continued growth in its revenue and profit as its lending book reaches a new record high of £152.7million.

Hands clapping employees

07 Dec 2022 / Invoice

Time Finance has reached another lending milestone with the delivery of its largest day-one Invoice Finance facility, as it prepares to help more businesses in gaining access to flexible and supportive funding solutions.

Jake Smedley employee headshot

24 Nov 2022 / Invoice

Time Finance is pleased to announce the appointment of Jake Smedley as Business Development Manager in its Invoice Finance team.

Businessman with folded arms

03 Nov 2022 / Market Research

New data from Time Finance shows the scale of business resilience in the face of ongoing economic uncertainty and rising costs, as investment for growth remains a top priority for UK firms.

Image of employee Kevin

26 Oct 2022 / Invoice

Time Finance is pleased to announce the appointment of Kevin Howard to Head of Relationship Management in its Invoice Finance Southern team. Kevin will join the newly opened Reading office to oversee and manage its relationship management team.

Ed Rimmer contact image

20 Oct 2022

Time Finance is pleased to announce that it has reached a record high in its lending book, as it hits a £145m milestone of funding support delivered to UK businesses.

Time Finance colleagues standing together in Reading office

18 Oct 2022 / Invoice

Time Finance celebrates its new office launch in Reading in a strategic move to bolster the firm’s presence in the South East of England.

man with hard hat walking through site with sparks

13 Oct 2022 / ABL

Time Finance is pleased to announce the launch of its new Asset Based Lending (ABL) solution, designed to help UK businesses access funds otherwise tied up in assets within their business, including plant and machinery, stock, and commercial property.

Green wash forest

11 Oct 2022

Time Finance has launched a brand new tree planting initiative to support a greener future and broaden its commitment to sustainability. Launched in partnership with EFORESTS, the new #OneTreeAtATime initiative will see Time Finance plant a tree for every new employee that joins its business, ensuring its growth brings a positive impact on the environment.

Woman standing by desk

05 Oct 2022 / Asset, Loans

Time Finance has become an accredited lender under the Government’s latest iteration of the Recovery Loan Scheme. The scheme, launched by the British Business Bank, is designed to support UK small businesses access finance to invest and grow.

Ed Rimmer corporate headshot

29 Sep 2022

Time Finance, the AIM-listed alternative finance specialist to UK SMEs, is pleased to announce its financial year end results to 31 May 2022, with 10,000 UK business owners supported with over £137 million of funding throughout the year.

colleagues around a table smiling

02 Sep 2022 / Asset

Time Finance is continuing to strengthen its Asset Finance team with a series of senior appointments in a strategic move to drive the business’ enhanced strategy forward.

Head shot of Lauren Sharples

10 Aug 2022 / Asset

Time Finance is pleased to announce the appointment of Lauren Sharples as Broker Manager in its Asset Finance team, focussing on driving support for SMEs in London and the South East of England.

London skyline

04 Aug 2022

Placing further financial strain on businesses will cause widespread damage to the UK economy, warns Time Finance, as the Bank of England announces its sharpest increase in interest rates in 25 years in a bid to combat rising inflation.

Hannah Dixon Headshot

01 Aug 2022 / Asset

Time Finance is pleased to announce the continued expansion in their Asset Finance team as they appoint Hannah Dixon to Account Manager.

Businessman typing

21 Jul 2022

Time Finance is pleased to announce the appointment of Paul Seddon as Head of Credit. In this newly created role, Paul will help to strengthen and shape the firm’s Asset Finance proposition as they continue to increase their lending to UK SMEs looking to invest in business-critical equipment.

man stood infront of yellow digger

19 Jul 2022 / Market Research

Scaling back investment will have a wider economic impact, warns Time Finance as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business.

male and female workers looking at invoices

07 Jul 2022 / Market Research

In the wake of UK inflation reaching a 40-year high of 9.1%, Time Finance reveals its latest data around the cost of doing business crisis, with 91% of UK SMEs forced to hike their own prices in order to keep up with soaring operational costs.

Headshot of Matthew Dean

05 Jul 2022 / Asset

Time Finance is pleased to announce the appointment of Matt Dean as Broker Manager in its Asset Finance team, focussing on driving support for businesses in the South West.

Grey London skyline

22 Jun 2022 / Market Research

New data from Time Finance has revealed the scale of impact on UK SMEs as the cost of doing business continues to rise, with 72% of businesses currently preparing for an imminent recession.

A man smiling

14 Jun 2022 / Invoice

Time Finance is pleased to announce the appointment of Ewan Clarke as Business Development Manager in their Invoice Finance team to drive business growth in the East Midlands.

Male businessman smiling at desk

07 Jun 2022 / Invoice

New data from Time Finance reveals peace of mind, flexibility and supporting cashflow to be the top three benefits of having an Invoice Finance facility, according to UK business owners.

Male barista smiling in a coffee shop

01 Jun 2022 / Asset

Time Finance is pleased to announce the launch of their new Asset Finance solution ‘Fast Track’ which helps both new start and established firms to acquire the equipment needed to drive their operations forward.

Men shaking hands

26 May 2022 / Invoice

Our latest research reveals a relationship driven approach to be the top quality sought after by SMEs in their Invoice Finance provider

Engineer holding electronic device

19 May 2022 / Loans

According to new research conducted by Time Finance, more than 70% of financial intermediaries believe their clients will need some form of funding support over the next 6 months to deal with and overcome the economic challenges that 2022 continues to throw at them.

Headhshot of new head of Compliance, Sean Hughes

17 May 2022

Time Finance are pleased to announce that they have appointed Sean Hughes as Head of Compliance to strengthen the firm’s position as a reputable and trusted lender to UK SMEs and support their strategic, growth-orientated goals.

Laure Mollett

11 May 2022 / Asset

Laura joins the leading alternative finance provider with over 14 years of experience. Laura began her career at Syscap in account and relationship management positions prior to its acquisition by Wesleyan in 2015 where she worked directly with SMEs to understand their funding requirements and package facilities to support their investment and growth plans.

Kate Brown corporate headshot

05 May 2022

Time Finance are delighted to announce that Kate Brown has taken up a new role within the firm as Head of Marketing. The move sees her promoted from her previous position as Senior Marketing Manager to oversee the creation and delivery of the marketing strategy for Time Finance.

Helen Wheeler corporate headshot

03 May 2022 / Invoice

Time Finance are delighted to announce that they have secured Helen Wheeler as Head of Operations in their Invoice Finance team. Helen – a well-known industry figure – brings over 25 years’ experience to the role and will assume responsibility for overseeing operations and helping the team to continue to deliver a market-leading Invoice Finance service to UK business owners.

Louise Williams Corporate Headshot

11 Apr 2022 / Invoice

Time Finance are pleased to announce continued expansion in their Invoice Finance team with Louise Williams’ appointment as Business Development Manager.

businessmen shaking hands

05 Apr 2022 / Invoice

Time Finance are delighted to announce that they have been awarded joint first place in Business Money’s 25th Receivables review of the Invoice Finance sector. The annual Receivable Intermediaries Index recognises and celebrates the leading providers who deliver all-round service excellence to their clients, from onboarding through to appraisal, relationship management and retention.

Container ship export import

16 Mar 2022 / Market Research

As rising costs continue to threaten the progress UK businesses are making towards a more sustainable supply chain, Time Finance is calling for SMEs to seek financial support to keep up the momentum from COP26 and continue investing in a more sustainable future. The call to action comes following Time Finance’s Going Green survey, which found that an impressive 70% of businesses across the UK already make conscious choices to employ a sustainable supply chain as part of their wider carbon reduction strategies.

Insider Young Professionals Awards 2022 - shortlisted

11 Mar 2022

Time Finance are proud to announce that they have been shortlisted for Training Scheme of the Year in the Insider Media Young Professionals Awards.

Solar panel office

07 Mar 2022 / Market Research

Pressure is being felt by smaller businesses to compensate for larger corporations falling behind when it comes to reducing carbon emissions, according to new research from Time Finance.

Time Finance MYP Event

04 Mar 2022

Time Finance are delighted to announce that they will be partnering with Manchester Young Professionals, an inclusive and accessible network for progressive, like-minded young professionals, in 2022. The firm will be sponsoring multiple events over the next few months which are designed to connect Manchester’s professional community through events and provide opportunities to create new connections.

David Nurcombe corporate headshot

24 Feb 2022 / Invoice

Time Finance are pleased to announce continued expansion in their Invoice Finance team as David Nurcombe is appointed as Business Development Manager.

green forest recycle

09 Feb 2022 / Market Research

The UK’s North and South divide continues to widen as businesses begin their journey on the road to Net Zero, according to new findings from Time Finance. Exploring business efforts to “Go Green” in the New Year, the alternative finance provider found that whilst 70% of the UK business owners surveyed have already implemented measures to become more sustainable (from partnering with sustainable suppliers to investing in electric vehicles and other eco-friendly machinery), the findings paint a concerning picture of regional challenges and setbacks.

electric car charging

09 Feb 2022 / Market Research

The journey to net zero is set to accelerate in 2022 as new research from Time Finance reveals that business leaders are planning to implement strategies to reduce their carbon footprint and improve their green credentials over the next 6 months. The survey which explored business efforts to go green found that firms in the South of the UK are leading the charge, with 100% already having plans in place to reduce their carbon footprint - from partnering with sustainable suppliers to investing in electric vehicles and other eco-friendly machinery cited as the main areas for driving change.

electric car road wind turbine

09 Feb 2022 / Market Research

Just 50% of Northern business leaders have a strategy in place to reduce their carbon footprint despite the Government’s 2050 net-zero target, according to new research by Time Finance.

26 Jan 2022 / Asset

Time Finance, the specialist asset-based lender has announced today that they have appointed Steve Nichols as Director of Asset Finance. Steve’s appointment reflects the firms’ commitment to asset finance as a vital proposition within its market leading portfolio of funding solutions to UK businesses.

Female open sign looking out of a glass window

20 Jan 2022 / Loans

Time Finance are delighted to announce that they have introduced a new Secured Lending product to support the growth and investment plans of British businesses throughout 2022 and beyond.

Michael Freebury headshot

05 Jan 2022 / Invoice

Time Finance are delighted to announce that they have appointed Michael Freebury as Head of Sales in their Invoice Finance team to drive business growth in Wales. The new role is reflective of the firm’s commitment to supporting businesses from all corners of the UK with their broad portfolio of funding solutions.

Chester-social

22 Dec 2021

A new Chester networking event organised by Bathgate Business Finance with support from Time Finance has raised £900 for Melanoma UK.

Lauren Maloney corporate headshot

14 Dec 2021 / Invoice

Time Finance are pleased to announce that they have appointed Lauren Maloney as Business Development Manager in their Invoice Finance team. Lauren will be responsible for building and maintaining strong introducer relations in the Yorkshire, Humberside and Lincolnshire regions, helping their clients receive the funding needed to fuel investment and growth.

Jake Bebbington Business Development Manager

02 Dec 2021 / Loans

Time Finance are delighted to announce that they have appointed Jake Bebbington as Business Development Manager to drive their Commercial Loan offering in the North of England. The newly created role is reflective of the firm’s commitment to providing funding solutions that inspire growth and prosperity to UK SMEs across the nation.

22 Nov 2021 / Invoice, Market Research

Late payments are threatening the survival of British businesses, in-depth analysis by leading alternative finance provider, Time Finance, reveals. Uncovering the true impact of late payments, Time Finance found that challenges with cashflow and unfulfilled growth ambitions were the greatest knock-on effects holding businesses back.

Man writing gold pen

15 Nov 2021 / Invoice

Time Finance have renewed their back-to-back facility with RBSIF with a new 3-year deal. The £50m facility, which will be used exclusively to provide an increase in Invoice Finance facilities to business owners throughout the UK, is the important next stage in the firm’s ambitious growth plans.

jonathan-johnson-headshot

09 Nov 2021 / Invoice

Time Finance are pleased to announce that they have appointed Jonathan Johnson as a Business Development Manager in their Invoice Finance team. The appointment is reflective of the firm’s ambitious growth plans to expand their national sales presence and help more businesses access the funding solutions they need to grow and prosper.

invoice laptop business owner

04 Nov 2021 / Invoice, Market Research

New data from Time Finance reveals that an astonishing 70% of businesses are suffering from late payments from their customers. Uncovering the true severity of the issue, the leading alternative finance provider found that late payment debt was as high as £200,000 for 1 in 5 business owners.

Rishi Sunak Budget

27 Oct 2021

Time Finance has joined the charge to protect small businesses with a caution that the Government must focus on measures to accelerate SME growth in the Chancellor’s Autumn Budget on Wednesday 27 October.

Two women in the office hallway chatting

19 Oct 2021 / Market Research

Investing in new personnel has become a top priority for UK businesses, according to a recent survey conducted by Time Finance. The alternative finance provider found that one in three firms are planning to expand their workforce, with 90% to start the recruitment process within the next 6 months.

Electric car charging

14 Oct 2021 / Vehicle, Market Research

New data released by Time Finance reveals a huge steer in direction from British Business, with a dramatic increase in demand for electric vehicles up 241% from last year.

Time Finance 2021 Talent Leadership Programme cohort

12 Oct 2021

Time Finance are pleased to celebrate the success of their first Talent Leadership Programme – an initiative formed to recognise excellence from within and enhance the skills of the next generation of “future leaders”.

Logo of the Living Wage

04 Oct 2021

Time Finance has today been accredited as a Living Wage Employer; a commitment that supports a fair day’s pay for a hard day’s work.

Two hands typing on  a laptop

21 Sep 2021

The business has remained profitable throughout the course of the pandemic with their end of year performance recording a 3% increase in PBTE despite revenues dropping by 17%.

Headshot of Asset Finance Broker Manager, Dan Hindmarsh

15 Sep 2021 / Asset

With a proven track record behind him, Dan steps up to the new position within Time Finance and takes on responsibility for building and maintaining strong broker relations whilst expanding their Asset Finance offering in the South East of England.

A woman sat at a desk writing on a notepad

13 Sep 2021 / Market Research

Alternative Finance is ranked the highest amongst funding solutions as businesses seek investment in future growth as the Government’s pandemic support draws to a close.

Man in a blueshirt holding rolls of paper, in front of a woman stood at a desk

08 Sep 2021

Time Finance is gearing up for a rise in demand for alternative finance solutions as business confidence continues to grow and the UK’s pandemic recovery gathers pace.

Headshot of Time Finance's Head of Sales for Invoice Finance South, Adrian Payne

03 Sep 2021 / Invoice

Time Finance are delighted to announce that they have secured Adrian Payne as Head of Sales in their Invoice Finance division. The appointment is reflective of the firm’s ambitious growth plans to expand their national sales presence and help more businesses access the funding solutions they need to grow and prosper.

Headshot of Head of Loans Sharon Bryden

01 Sep 2021 / Loans, ABL

Time Finance are delighted to announce that they have secured Sharon Bryden as Director of Commercial Loans & ABL with immediate effect. The role is newly created and is reflective of the firms’ commitment to delivering a market leading portfolio of funding solutions to UK businesses as they recover and grow.

Headshot of Time Finance's new Asset Finance Broker Manager Abbie Mosley

24 Aug 2021 / Asset

Abbie will be responsible for building and maintaining strong broker relations in the North of England and helping their clients access the vital pieces of equipment they need to innovate and grow.

Headshot of Sam Leith, Invoice Finance divisions new Business Development Manager

02 Aug 2021 / Invoice

Time Finance are pleased to announce that they have appointed Samantha Leith as Business Development Manager in their Invoice Finance division.

Man and woman standing in front of open shop

13 May 2021 / Market Research

Two thirds of businesses are feeling optimistic about the future according to the latest survey by alternative finance provider, Time Finance. The findings come as the Bank of England upgrades its growth forecast to 7.25% for 2021 from 5% in better-than-expected bounce back results.