Time Finance eyes North West growth with new office

Independent business finance provider, Time Finance, has launched new office premises at The Square at Birchwood Boulevard as the business looks to expand its asset finance services for SMEs across the UK.

Taking a five-year lease, Time Finance now occupies 4,593 sq ft of new office space in Birchwood where its 40-strong northern asset finance team will be based, relocating from its former premises in Warrington.

The move forms part of Time Finance’s long-term growth plan and closely follows the business’ financial results, which saw a 20% increase in turnover to £33.2m and a 41% rise in pre-tax profit to £5.9m for the year ending May 2024.

From its new offices, Time Finance will grow its asset finance services, helping businesses in sectors such as manufacturing, engineering, construction, recycling, transport, logistics plus bus and coach as well as the traditional soft asset sectors they have always supported. The office will also support the expanded delivery of Time Finance’s growing Asset Based Lending (ABL) service, through which businesses can access finance by using existing assets as capital.

Ed Rimmer, Chief Executive Officer at Time Finance, commented: “We are on a really exciting growth path as we reach more businesses, particularly SMEs, with our creative and flexible finance solutions.

“Being able to serve our growing portfolio of deals is reliant on investing in our teams across the UK, giving them strategically located offices from which they can provide an exceptional service for our network of broker partners. We’re very excited for the future in our new Birchwood premises; it is an important part of our own growth and that of our clients across the North West and beyond.”

Steve Nichols, Managing Director of Asset Finance at Time Finance, added:

“Our relocation to Birchwood represents growth for our Asset Finance team as we seek to reach more UK SMEs, while also improving our connectivity and giving our team a reinvigorated space to deliver our services.

“Asset Finance is a valuable tool for businesses looking to access the equipment they need to grow, but when used alongside Time Finance’s other services as part of a multi-product solution, it allows businesses to access capital tied up in their existing equipment. We look forward to reaching even more businesses with our creative funding solutions as we grow in our new office.”