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26 Jan 2022 / Asset Finance

An asset to the team: Time Finance appoint Steve Nichols as Director of Asset Finance

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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.

Steve assumes overall responsibility for the operation and performance of Asset Finance for the business and will become a member of the Operating Board. Steve succeeds Carol Roberts as part of a planned progression and the two will work alongside each other in the coming months to support Steve’s transition into the role.

Steve brings two decades of financial services experience to the role having built a credible career working in both relationship and business development roles with an increasing focus on the use of Asset Finance to support growth ambitions. Working with businesses turning over up to £50m his focus has been to help them to source the funding solution that is right for them. Steve joins Time Finance from Simply Asset Finance having held roles at Barclays, Santander, and Close Brothers.

As Steve comments: "The opportunity to join Time Finance was an exciting prospect. The business has undergone change in recent years as it repositions itself as a multi asset funder and are building a strong reputation for delivering a commercially driven approach to funding. The Asset Finance market is recovering quickly as businesses invest in equipment to support growth initiatives. Time Finance are ambitious and have set themselves some challenging objectives which I am looking forward to helping them achieve. They have a strong Asset Finance offering to support businesses looking to invest in vital machinery and suppliers who are looking to grow their sales. They have a genuine commitment to delivering robust funding solutions to UK businesses to inspire confidence and growth”.

Time Finance specialise in the provision or arrangement of funding solutions to over 20,000 UK businesses seeking to access the finance they need to realise their growth plans. UK Businesses can take advantage of an extensive portfolio comprising: Asset Finance, Invoice Finance, Loans and Vehicle Finance. As the market continues to improve, Time Finance are confident that the business is well positioned to take advantage of the opportunities that should arise over the coming months and beyond.

As Ed Rimmer, CEO of Time Finance commented: "Steve is a great addition to the Time Finance leadership team and will carry on the great work that Carol has delivered over the last 3 years. He brings valuable experience which will support SME’s as they look to make the most of the growth opportunities expected in 2022. His experience will prove invaluable in guiding the future development of our asset finance offering as we look to strengthen our propositions and support to the business market as we drive forward our growth strategy.”