Time Finance has appointed Thomas Ludden (pictured) as its newest business development manager in its invoice finance team.
In his new role, Ludden will be responsible for building and maintaining strong introducer relations across East Anglia, the East and West Midlands, supporting their clients with tailored funding solutions.
Ludden joins the alternative finance provider with over 14 years’ experience in invoice finance.
He enjoyed roles in both client services and business development at Bibby Financial Services, before moving to Giant Pay (Outsauce) whereby he specialised in delivering invoice finance solutions for the recruitment sector.
Mostly recently, he held a position as regional director in Ultimate Finance’s invoice finance team.
Ludden said: “I am really looking forward to becoming part of the Time Finance team. Their extensive product range caters to the unique needs of each business, packaging tailored solutions that are right for each client.
“It’s great to join a team who really value the relationships they build and service they deliver. I look forward to continuing to work collaboratively with my existing intermediary base and making some new connections along the way.”
Ludden’s recruitment is the latest in a string of appointments at Time Finance in recent months.
With plans to double its invoice finances sales team in 2023, the business recently welcomed Neil Fullbrook and Casey Baldwin as business development managers, covering the South East, North East and Lincolnshire regions.
Adrian Payne, head of sales (South) at Time Finance, added: “We are thrilled to have Thomas join our team. His extensive experience in the Invoice Finance sector and proven track record in business development makes him a valuable addition to the company.
He continued: “As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses who are looking to release additional working capital for additional headroom and growth.
“We have ambitious growth plans to continue enabling UK SMEs to gain easy access to Invoice Finance solutions, and as we continue to expand our presence across the UK Thomas’ appointment is key to helping us to achieve this”.
In May this year, the alternative finance provider reached a lending milestone with the delivery of its first asset-based lending facility.
The £1.1m facility comprised a £650,000 invoice finance facility and £450,000 property loan.
The deal was packaged as a result of rising demand for multi-product funding solutions and Time Finance’s commitment to provide flexible and innovative solutions to businesses across the UK.
