Time Finance has opened a new office premises at The Square at Birchwood Boulevard as the business looks to expand its asset finance services for small and medium enterprises (SMEs).
Taking a five-year lease, Time Finance now occupies 4,593 square feet 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.
Ed Rimmer, chief executive officer at Time Finance, said: “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.”
