Time Finance has appointed Matthew Ridgley to the role of asset manager.
Ridgley joined with 17 years’ experience in the industry, having started his career in asset management roles at Bank of Scotland and Siemens Financial Services, before moving into a sub hire auditor role at Lombard Asset Finance.
In his most recent position at Aldermore Bank, he was responsible for undertaking the valuation of business assets and managing end of contract disposals.
At Time Finance, Ridgley will be responsible for supporting the new business origination process as well as assisting collections with asset valuations against transactions, asset disposals and ongoing risk management.
Ridgley said: “I’m delighted to be joining the Time Finance team.
“As an exciting, up and coming funder with an agile approach to business, I’ll be able to use my previous experience and expertise to help make a difference to the SMEs.
“With a multi-product offering in place, asset valuations are a crucial process in helping businesses to unlock their full potential with the assets already within their business.”
Ridgley’s appointment followed a number of promotions within Time Finance, including adding Tariq Bourdouane and Thomas Ludden as business development managers (BDMs) in its invoice finance team.
Lorraine Neyland, director of risk at Time Finance, said: “We’re thrilled to welcome Matt to our growing team.
“His extensive experience in the sector and his understanding of business assets will prove extremely valuable in assisting us with the asset valuation process.
“Not only this, but this new role will play a vital part in our ongoing growth and development as we aim to further enhance our hard asset portfolio and progress our multi-product offering.”
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 providing solutions to businesses across the UK.
