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24 Feb 2021

Time Finance appoint Ed Rimmer as Interim CEO

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Aim Listed Time Finance are delighted to announce they have appointed Ed Rimmer as Interim Chief Executive Officer with immediate effect.

Ed re-joins the leading alternative financial services firm having previously served as Chief Operating Officer at Time Finance until April 2020.  He brings with him a wealth of experience having gained over 20 years’ experience within the commercial finance industry. He initially joined the Group in 2017 as Managing Director of their newly established Commercial Finance division, having previously been UK Chief Executive Officer and Main Board Director at Bibby Financial Services.

The appointment follows the announcement that Ian Smith, the current CEO, has made the decision to step down from the role after 7 years.

Speaking of his appointment, Ed said: “I am delighted to be re-joining Time Finance especially at such a crucial time for the financial services sector. Our industry holds a unique opportunity to inspire confidence and growth in the UK SME market and to support businesses who are looking to recover in post covid times. I am confident that Time Finance are in a great position to lead the sector in doing so.

“It’s a pleasure to lead a team who during the last year have proved resilient and have worked tirelessly to support both our clients and our broker partners during the most challenging of times. I look forward to driving the next phase of success for Time Finance and the businesses it serves.”

Time Finance specialise in the provision or arrangement of funding solutions to 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.

Since the beginning of the covid-19 crisis, Time Finance has been working hard to help its customers through this turbulent period. The introduction and launch of the CBILS to their financial solutions portfolio provided an additional opportunity for the company to instil reassurance and confidence back into British business through Asset Finance and Loan facilities.

John Newman, Non-Executive Chairman of Time Finance, commented: “I am pleased that we have secured the services of Ed Rimmer as Interim CEO of the Group. Ed has extensive experience within the financial services sector and his specific knowledge of the Group from his time with us as Group COO will enable him to take up the CEO responsibilities quickly and effectively."