Time Finance has appointed Tom Ludden (pictured) as business development manager (BDM) in its invoice finance division, as the business embarks on a renewed strategy to grow its own book lending to £300m.
Ludden re-joins the leading SME finance provider, having previously held a business development role within the company.
His experience in the financial services industry spans over 20 years, with previous positions at Bibby Financial Services and Ultimate Finance.
His appointment will see him source new business opportunities, developing key intermediary relationships across both the Midlands and East Anglia.
Speaking of his appointment, he said: “In our current economy there is a premium placed on working capital within businesses, yet we also have a rumbling issue of late invoices payment which seeks to threaten this – so Invoice solutions have never been more valuable for SMEs.
“In my role, I’m looking forward to supporting more businesses with funding solutions that work for them, and helping to unlock working capital to give them the headroom they need to do business.
“Having open and honest conversations with the individuals behind any business is my favourite part of the job. Often we find that businesses need tailored solutions, and as Time Finance works on a case-by-case business, it gives us the ability to structure more flexible deals for our clients.”
Andy Hume, head of sales (North) at Time Finance said: “We’re very pleased to have Tom back in the team here at Time Finance.
“He has a wealth of experience within the finance industry and his appointment will no doubt help us achieve substantial growth within key regions of the country where we are keen to expand and introduce our multi-product offering to even more businesses.”
