Welcome to the Time Blog | Time Finance

Learn what Open Banking is, how it works, and how it helps businesses access faster, tailored finance solutions.

Discover the key differences between brokers & lenders and explore the benefits of each to find the best funding option for your business.

Discover the difference between hard and soft assets and how each impacts your chances of securing Asset Finance.

Discover what Asset Based Lending is, how it works, the benefits it offers and how it can help your business grow in this comprehensive guide from Time Finance.

Discover how asset refinance can help your business unlock cash tied up in assets, improve cash flow and secure funding, from Time Finance.

Becoming the owner of your own company does not necessarily require you to build a business from scratch.

Stay ahead in 2025! Discover key dates for UK businesses, including tax deadlines, payroll updates and bank holidays, to keep operations on track.

Having a bad credit score isn’t something that any business plans for, yet financial difficulties can force you into tight corners, resulting in late payments and considerable financial debt. If you’re a business owner and you’re wondering how to improve your business credit score, then read on.  Specialists in financial solutions, at Time Finance we […]

Understanding how to raise capital can make the difference between sink and swim for a business. Without it, a company cannot grow – or even begin its journey to success. However, despite the importance of raising capital, many businesses struggle to identify the best way of doing so outside of traditional secured business loans. In […]

Business finance is one of the most talked about subjects in the entrepreneurial world, and business owners may often find themselves wondering, what exactly is business finance? In this blog, we will explore the key areas of business loans and financial options, particularly how you can use them to manage your company and guarantee entrepreneurial […]

Unpaid invoices are one of the biggest problems facing SMEs up and down the UK. According to recent figures obtained by Natwest, over a quarter (27%) of British small and medium-sized businesses have admitted to being owed between £5,000 and £20,000 in unpaid invoices.  When payments are running late past the usual 30-day payment term […]

Why is a business strategy important?  A business strategy doesn’t have to be a concrete document, but usually is an ‘outline’ of all the ways a company plans to position itself, grow over a set period, and achieve its long and short-term goals. These plans are the backbone of any successful business to achieve the […]

We sat down with 22-year-old Business Development Executive, Sam Oliver. Hear what he has to say about how Time Finance has boosted his career.

Entering the finance industry as a young professional can be both exciting and daunting. The opportunities for growth are immense, but there can be a steep learning curve. By following our helpful guide, you could help to accelerate your career development.

We sat down for a chat with Tom Chambers, our 19-year-old Business Development Executive, to see how he has began his career in Invoice Finance.

The principal difference between leasing and hire purchase is the ownership of the asset. When leasing, the leasing company retains ownership of the asset. In contrast, with a hire purchase, ownership of the asset is transferred to the business hiring the asset.

Asset Finance is crucial in the construction industry because a lot of the machinery and equipment that is needed to do their work can be expensive and unobtainable for many businesses. Waiting to accumulate enough cash to purchase an asset can slow construction projects and complicate daily operations.

In this article, our expert team will explore the many invoice discounting advantages and disadvantages, so you can decide if it’s the right choice for your business. 

In the early years of trading many SME entrepreneurs find their work-life balance a little skewed as they throw their all into building a successful business. This Stress Awareness Month we reflect on the true cost of stress in a business.    

"Creating an environment where personal and professional development is at the forefront, is an important part of Time Finance’s culture. We want to ensure that all employees feel valued and our pledge to the real Living Wage is an important part of this commitment."

In this piece, we’ll take a look at what a business plan could bring to your operations, what to expect, and how Time Finance can help you take the next step.

This International Women’s Day we sat down with the incredible women making a difference across Time Finance, who share their experience of working in an industry perceived to be male dominated, and how they have inspired inclusion throughout their careers.

With a general election around the corner, this year’s Spring Budget brought a few headline grabbers with inflation expected to fall below 2% this year and the economy headed for steady growth. But what did this year’s Budget bring for businesses?

This National Careers Week we sit down with George Molyneux, who recently joined us for work experience, to hear about his placement with Time Finance and to hear his thoughts on getting onto the career ladder.

As the ONS reports a rise in the number of incorporations in 2023 our Chief Executive, Ed Rimmer, explores the newfound appetite from entrepreneurs and shares his thoughts on why the ‘side hustle’ culture is here to stay.

With the dust having barely settled on last year’s Autumn Statement, Chief Executive of Time Finance, Ed Rimmer, shares his thoughts on the last Spring Budget before the next general election and why businesses should be front and centre for the Chancellor.

As the Government rolls out its Help to Grow campaign, designed to boost small businesses across the UK, our Chief Executive, Ed Rimmer, explores the measures that will help the business community and shares his thoughts on why every year should be the year of the SME.

We sat down with our Director of Asset Finance, Steve Nichols, to talk about how he plans for a productive day, what a successful lender/broker relationship looks like and his top tips for effective leadership.

At Time Finance we’re huge advocates of investing in the future workforce. In this blog we want to share our top five recommendations for any business considering apprenticeships or other work-based training.

We caught up with our CEO, Ed Rimmer, to hear about his top tips for a successful career and productive lifestyle - and what drives him to motivate, lead and inspire our team, from his morning routine to the people that have mentored him throughout his career.

No matter what sector you work in, cash flow shortages can cause plenty of stress. In this guide, we’ll touch on some of the cash flow forecasting best practices.

Our CEO, Ed Rimmer, reflects on the alternative finance market in 2023 and predicts what's to come in the new year of 2024.

Stuck on seasonality? Discover how to plot, chart, and plan seasonal demand and include it in finance forecasts with Time Finance.

In this blog, we'll explore how refinancing can be a game-changer for businesses dealing with seasonality and tackle those concerns about going into the new year with a strained cashflow for the year ahead. 

Find out everything you need to know about methods of financial forecasting and how you can apply them to your business in this useful guide.

In this blog we unpack the Chancellor’s key announcements from this year’s ‘Autumn Statement for growth’ and what they mean for businesses.

Ed Rimmer, CEO of alternative finance provider, Time Finance, unpicks the big announcements from this year’s Autumn Statement but warns that tax relief on investments could be a missed opportunity if businesses can’t access the right finance.

This National Career Development Month our people are sharing their experience working in finance and the things that have helped shape them as professionals. We sat down with Joe Ralphs, Head of Operations at Time Finance, to hear about his varied career managing both sides of our valued broker partnerships.

Ed Rimmer, CEO of alternative finance provider, Time Finance, stresses the importance of keeping business confidence alive in the face of rumbling uncertainty.

This National Career Development Month, we’re reflecting on the variety of career opportunities in finance and the many different paths to success. We caught up with Kate Brown, our Head of Marketing, to hear about her career journey.

This National Career Development Month, we’re exploring the breadth of roles and the many different routes into the finance industry. We caught up with Jennie Woloschuk, our Office Administrator in Bath, to hear about her career path with Time Finance.

Find out how Time Finance can help your clients to achieve their sustainability goals with our comprehensive guide to green asset finance.

Find out everything you need to know about cash flow management and how to combat the cash flow issues that arise from late payments in this handy guide.

Steve Nichols, Head of Asset Finance, discusses striking a balance between cashflow and investment in this months issue of NACFB Magazine.

What is asset finance? Find out how you can grow your businesses and accelerate success. Read now to stay ahead of the competition with our expert insights.

Empower Your Business with Invoice Finance for SMEs. Overcome cash flow hurdles and enhance financial stability. Read our blog to find out more.

Find out everything you need to know about Asset Financing for your clients. Discover how Asset Finance works and how to get started today with Time Finance.

Nearly a year into her career with Time Finance, we caught up with Amy Holland, Legal Administrator, to hear all about her journey with the business so far and why she was selected as one of our Rising Stars for this year.

At Time Finance we know that our industry is full of opportunity, with diverse careers and huge potential for growth. We caught up with one of our Rising Stars, Rachel Best, to get her thoughts on what she loves about her role as Sales and Operations Executive in our Invoice Finance team.

Time Finance's receivables factoring solutions could help your clients to effectively manage their cash flows and break free from the late payment cycle.

Nurturing talent within our business is so important for us here at Time Finance. So, we sat down with Niamh Gildart, Sales Support Executive, and one of Time’s Rising Stars, to get her thoughts on learning in the workplace and her career with Time.

In a week that plays host to World Environmental Day, we’re discussing the importance of sustainability in a business and the role that alternative financing can play in making it a success.

In this blog post, you can hear from our very own Adam Shakespear as he sits down with Manchester Young Professionals to talk about the benefits of working in financial services, the various career paths available and his own experience working in the sector.

As we look ahead to Learning at Work Week, we sat down with our Credit Controller and winner of Time Finance’s 2023 Rising Star Award, Jack Johnson, who at the age of 16 is the youngest member of the Time Finance team.

As we approach Mental Health Awareness Week, here at Time Finance we’re taking the time to talk, open up conversations around workplace mental health and understand how SMEs are being impacted.

The weather is warming up and with Spring in bloom, businesses are starting to see new shoots of economic optimism. Many businesses are ready to dust off those investment plans and consider alternative finance solutions in helping to bring those plans to life.

Boost your business's financial agility with reverse factoring. Learn how businesses can leverage this financing tool effectively. Read more now!

Businesses can reach new heights with asset refinancing. Looking to unlock your client’s potential? Time Finance can help.

Looking for a solution for business beyond mainstream bank loans? Our guide to alternative financing tells you everything you need to know. Learn more today.

Setting up and running your own business can be an incredibly rewarding and fulfilling experience. The sense of pride that comes with this level of success can be second to none, so why are so many SME owners struggling to relish in the responsibility?

Read our comprehensive guide on business loans and empower your entrepreneurial journey. Learn how to navigate the borrowing process and secure funding today.

There were a lot of headline grabbers in this year’s Spring Statement and there was a lot announced this time around, so here’s our handy guide to help you break down the main takeaways.

As the Chancellor prepares to deliver the 2023 Spring Statement, Ed Rimmer, Chief Executive Officer at Time Finance, shares his predictions for this year’s ‘mini budget’ and what businesses need to see from the Government to boost growth and productivity.

To mark International Women’s Day this year, we sat down with a number of remarkable women across the Time Finance business to hear their journey into the finance industry, how they embrace equity in their day-to-day work and use their positions for positive change.

Struggling with late payments? Worried about cash reserves? Don’t worry - our guide to cash flow issues in business can help.

Late invoice payments can play havoc with a business. With this guide, our experts dig into financial products. Find out more.

As business insolvencies reach a 13-year high, we sit down with our Managing Director of Invoice Finance, Phil Chesham, to discuss the road to recovery and how alternative finance can be the key to preventing more viable businesses from going under in 2023.

Everyone knows that cash flow is one of the most important things to consider when running a business - but what about cash flow financing and funding?

Dive into the world of debt factoring and gain a competitive edge. Understand its inner workings and how it transforms your business's financial health.

A new year brings new opportunities and the chance to embrace a fresh start. Ed Rimmer, Chief Executive Officer at Time Finance, shares his predictions on what 2023 will bring for businesses and the key trends to expect this year.

As we close the door on a year that tested the resilience of many SMEs, Time Finance’s Chief Executive, Ed Rimmer, reflects on the opportunities and obstacles that made 2022 the year of strength and defiance for British businesses.

Want to explore Invoice Finance Solutions for your business - but can’t tell your discounting from your factoring? We can help. Read our guide to learn more.

If you didn’t manage to catch the announcement, here we look at some of the key measures laid out and what these might mean for UK businesses in the coming months and year.

As COP27 commences in Egypt, we explore just how high of a priority sustainability is for UK businesses and what the biggest barriers holding them back from progressing with their green plans are.

Running your own business can take your working life to the next level, something that many never get the chance to experience. The personal gain and reward associated with being captain of your own ship is second to none for the majority of business owners, yet the lesser acknowledged side to this honour, inevitably rears its head in times of difficulty.

On Friday morning, Chancellor Kwasi Kwarteng set out the steps the Government will take to stimulate economic growth. If you missed the announcement, here are the key takeaways and what this might mean for your business…

With a raft of tax cuts and policy reforms announced in the Chancellor’s Mini Budget, we caught up with Time Finance’s CEO, Ed Rimmer, to get his thoughts on the new measures announced and what they really mean for small businesses.

With our new Prime Minister now in Number 10 and with a full cabinet reshuffle complete, Time Finance CEO, Ed Rimmer, shares his thoughts on what’s next for the Government as the economic outlook continues to worry businesses across the UK.

As the Government unveils its new campaign to encourage businesses to cut their prices, we caught up with Time Finance CEO, Ed Rimmer, to find out what this latest move really means for businesses as they continue to grapple with the cost of doing business crisis.

The financial pressures currently facing businesses are undeniable. Having to adjust to rising costs in their supply chains, increased energy prices and bigger tax bills, and no sooner do we all begin to accept these challenges do we face inflation hitting a high of 9.1%.

Business demands are constantly changing, but the rising cost of doing business, supply chain concerns, and cashflow challenges we've seen throughout 2022 have just made finding the right solution to suit those needs that much more difficult.

It’s no surprise that businesses are feeling more uncertain than ever. With everything that’s happening in the wider market – from rising energy costs to interest rate hikes, inflation, supply chain disruption –an astonishing 76% of SMEs and financial intermediaries are predicting that the UK will fall into a recession later this year*.

In a business landscape that’s becoming increasingly preoccupied with increasing costs and challenges to remain competitive, investment in upskilling staff and an attention to employee satisfaction is something that firms should be putting to the top of their priority list.

Aspiring marketer, Esme French, recently joined our Manchester office for a Marketing Internship. Working alongside our Senior Marketing Manager, Kate Brown, Esme has been able to spend the last few weeks gaining an invaluable insight into the world of marketing and financial services as well as connecting with key people in our organisation and expanding her network. We spoke to Esme to understand how the Marketing Internship has benefited her.

In a recent poll, over 50% of the financial advisors and accountants we spoke to spotlighted Invoice Finance as a solution their B2B clients would likely turn to this year to release working capital, overcome challenges and grasp hold of new opportunities. But what makes Invoice Finance a such staple and popular solution in a time of economic turbulence?

Against the backdrop of one of the most turbulent and challenging periods for UK businesses, many looked to last week’s Spring Statement in the hopes that the Government would announce pro-active measures that would help firms grapple with rising costs, National Insurance and tax hikes, skills shortages, soaring energy and fuel prices, and ongoing supply chain disruption. Ed Rimmer tells Leasing Life magazine why now is the time for the alternative finance industry to really step up and provide headroom for growth:

With rising energy and labour costs to staff shortages, supply chain issues and rising inflation, the need for adaptation and greater flexibility from the finance industry is key. Brokers play an important role in identifying what needs to be done to help their clients to overcome challenges and unlock new potential for growth and prosperity. To uncover what the lending industry must do to keep up the momentum and harness change, we sat down with some of our intermediary partners to hear what they had to say.

Yesterday's Spring Statement revealed a number of promises to support businesses in the Autumn Budget later this year. Reviewing the announcements made, our CEO Ed Rimmer explains why there needs to be a focus on financial aid and support to SMEs now to ensure that they have the steps in place to increase their wage bills and in-turn help employees meet the rising cost of living.

Over the past few years businesses have mastered the art of adapting to an ever-changing landscape, and the need for financial solutions to evolve alongside them has never been more prominent. This new marketplace has etched out the path for alternative lenders to adapt their offering to meet the changing needs of its client more readily - and with the support of broker relations, UK SMEs now have access to more approachable and accessible lenders than pre-pandemic.

Fuel duty freezes and policies to tackle labour shortages and help mobilise global supply chains are a must for next week’s Spring Statement, according to Ed Rimmer, Chief Executive of Time Finance.

To celebrate International Women’s Day 2022 and this year’s theme of #BreakTheBias, we wanted to spotlight the inspiring female leaders of Time Finance to celebrate their achievements and raise awareness against bias. #BreakTheBias

We recently sat down with Time Finance CEO, Ed Rimmer, in our latest 5 minute interview series to get under the skin of what makes a successful deal, what changes we need to see in the market, and what inspires Ed in business. Take a look at what he had to say...

2022 is set to be a transformative year for businesses with innovation, recovery and prosperity at the forefront. We don’t expect the next 12 months to come without its challenges, but we anticipate that the continued rise and evolution of Invoice Finance will only serve to bolster business growth. Looking to the year ahead, Phil Chesham predicts what business owners will be looking out for over the next 12 months and how vital Invoice Finance will be in supporting this.

Sharon Bryden, Director of Commercial Loans and Asset Based Lending at Time Finance, explains why it’s essential UK businesses now need to move away from those short-term solutions and focus on funding options that are here for the long haul.

UK businesses have had a rollercoaster of a ride over the last two years with many able to ride out the storm with the ongoing commitment of their funders and the generous round of support initiatives put in place by the Government. One thing has become clear – the importance of good financial planning can make or break a business when the going gets tough.

2022 is set to be a year of enormous change for businesses and for the first time in two years, this change is exciting. There are innovations to embrace, opportunities to seize and expansion plans to fulfil. Our very own Sharon Bryden, Director of Commercial Loans and Asset Based Lending, shares her predictions for the year ahead and thoughts on how we can all step up our support to make 2022 the year of ambitious growth and prosperity for UK businesses.

In his latest guest blog with Time Finance, Ed Rimmer, CEO at Time Finance, shares why he believes 2022 will be the year for big investment among British businesses

Ed Rimmer, Chief Executive Officer at Time Finance, shares his thoughts: “This needed to be a Budget for growth, not for paying back. We have seen some real substance from the Government that growth is their number one priority. As the Chancellor said, we have not drawn a line under Covid. But we are entering a new age of optimism."

Carol Roberts, Director of Asset Finance at Time Finance and Board Director for both the FLA and The Leasing Foundation, shares her 50 years of industry experience in Asset Finance.

How do these business leaders go about their daily routine? Ed Rimmer shares what a day in the life of a CEO at Time Finance looks like in his latest interview with Business Leader.

One month since the Government’s reforms to the Prompt Payment Code came into force, Phil Chesham, Head of Invoice Finance at Time Finance, shares his insight on the challenges facing SMEs across the UK due to late payment.

With new data from the Office of National Statistics (ONS) showing that the UK economy grew by 4.8% in the second quarter of 2021, there are some really promising signs that our economic recovery is gathering pace. It’s a pivotal time for businesses; there’s a strong sense of optimism enjoyed across the board but this […]

Optimism is growing amongst businesses and many think now is the time to invest for the future. In our latest article, we explore why Asset Finance goes hand in hand with optimism, giving businesses like yours the freedom and confidence to grow and prosper.

If the pandemic has taught us anything it’s that access to cash is the key to recovery and growth. The alternative finance sector has and continues to play a vital role in supporting UK businesses as they navigate through one of the most difficult financial periods of their lives and continues to help them to […]

To mark the end of Mental Health Week, we want to highlight the importance of tackling the mental health crisis in the business community and how we can all play our part to remove the stigmas and create a supportive culture. 8 in 10 SMEs experience symptoms of poor mental health Whilst poor mental health […]

2 in 3 businesses feel optimistic In what has been a chaotic 12 months, the financial pressures to stay open for business overwhelmed small business owners. Yet, what should have mounted and defeated many, in turn acted as a catalyst for strength and resilience. Many were able to innovate quickly to adapt to the restrictions […]

To celebrate International Women’s Day, we spoke to the inspiring female leaders of Time Finance. Carol Roberts, Lorraine Neyland, Jennifer Bodey, Tansy Cunningham and Holly Mapstone all sit on our Operating Board and drive the strategy for our Asset Finance, Risk, Compliance, Invoice Finance and HR divisions. With 50% representation on our Board, their knowledge […]

As we prepare to turn the page on 2020 we reflect on the year with the nation’s business owners. The good news? Despite the unprecedented turbulence and ongoing economic uncertainty, there have been clear signs of resilience and innovation. Following many months of business predictions, projections and promises of bounce-backs around every corner, what was […]

A study by Nationwide Building Society revealed that two-thirds of people are guilty of skipping the small print. Perhaps unsurprising given how time-consuming it can be to read the full terms and conditions of contracts. However, the consequences of failing to do so can be quite severe. So why is reading the small print so […]

Asset Finance, Invoice Finance, Loans, Vehicle Finance… the list for business finance goes on and on. It can often seem like a minefield trying to navigate your way through the various financial options available on the market. So, how do you know what funding stream is right for your business? We’ll explore each one in […]

Cashflow is a major aspect of running a business. Understanding the importance of cashflow is crucial for maintaining operations and avoiding disruptions caused by insufficient funds. It’s the process of ensuring that cash coming in to the business is greater than the outgoing expenditure. Not having a steady flow of cash can result in late […]

As the covid-19 pandemic presents unprecedented challenges, government guidelines to stay indoors and socially distance have dramatically changed the business landscape as we know it. With many businesses forced to close their doors to the public or downsize current operations, businesses of all sizes are being forced to think of new ways of working. In […]

There’s no doubt that covid-19 has changed the business landscape as we know it. The crisis acted as a catalyst for innovation and change for SMEs, with businesses from all sectors and of all sizes forced to adapt to new ways of working. With near 25% of businesses ceasing trading altogether during this time*, focus […]

The increasing global impact of the COVID-19 pandemic is having a devastating effect on UK businesses. With their futures uncertain as income reduces and cashflow drying up, it is becoming more difficult to trade through these unprecedented times. Representing 99% of the UK’s business population, SMEs play a vital role in the growth of our […]

On a global scale “going green” has become a high priority for all businesses within both new and traditional sectors.  Over recent years, Governments and social initiatives have influenced the way businesses plan to operate and the momentum for investing in sustainable projects will only increase. Research* shows that almost two-thirds of SMEs want to […]

Invoice Finance is a popular funding solution used by small businesses to improve cash flow. Typically, this type of finance is used by business owners who may face extended payment terms from their customers and require access to additional working capital. Unlike an overdraft, an Invoice Finance facility increases in line with sales rather than […]