An independent business finance provider, Time Finance, has recently opened new office premises at The Square at Birchwood Boulevard. This strategic move is part of the firm’s broader expansion plan aimed at enhancing its asset finance services for small and medium-sized enterprises (SMEs) across the UK. The company has secured a five-year lease on a 4,593 square foot space and has relocated its 40-member Asset Finance team from Warrington to Birchwood. The relocation aligns with Time Finance’s growth strategy, which has seen significant financial achievements, including a 20% increase in turnover to £33.2 million and a 41% rise in pre-tax profit to £5.9 million for the year ending May 2024. This new office is set to play a crucial role in expanding the company’s presence and deal-making capabilities in the North West.
Strategic Focus on Asset Finance Services
From their new offices, Time Finance aims to strengthen its Asset Finance services by assisting businesses in various sectors, including manufacturing, engineering, construction, recycling, transport, logistics, and traditional soft asset sectors. This relocation will also support the expanded delivery of their growing Asset-Based Lending (ABL) service, allowing businesses to utilize existing assets as capital. CEO Ed Rimmer highlights the strategic importance of this move, underlining that the new Birchwood premises will enable Time Finance to handle a wider portfolio of deals and invest more effectively in teams across the UK. According to Rimmer, providing exceptional service to broker partners and clients is at the core of their expansion efforts.
The decision to move to Birchwood Boulevard is expected to have a positive impact on Time Finance’s client reach and service quality. The commitment to enhancing asset finance solutions emphasizes the company’s desire to not only grow financially but also to offer more comprehensive and accessible financial services. This strategic relocation also aims to improve the efficiency and productivity of the Asset Finance team by offering a more invigorating and connected workspace. Steve Nichols, the Managing Director of Asset Finance, believes this move signifies growth for their team and improves the scope of service delivery.
Supporting Business Growth with Diverse Financial Solutions
Time Finance serves over 10,000 UK businesses with various funding solutions such as Asset Finance, Business Loans, and Asset-Based Lending, all aimed at supporting the expansion of SMEs. Their new office in Birchwood reflects the company’s mission to provide customized financial solutions that meet the unique needs and challenges of modern businesses. By freeing up capital locked in existing equipment, Time Finance allows companies to invest in new opportunities, thereby maintaining their competitive edge in the market.
This new office is more than just operational growth; it highlights the company’s dedication to helping SMEs manage financial complexities and achieve sustainable growth. Enhanced Asset Finance and Asset-Based Lending services are set to benefit multiple business sectors, encouraging economic development and innovation. As Time Finance grows, they remain focused on delivering outstanding service and financial products that empower businesses to prosper. Their forward-thinking strategy and commitment to client satisfaction solidify their position as a key player in the UK financial services industry.
