Time Finance’s strategic move to Birchwood is set to bolster their asset finance services, targeting growth across the North West.
- The company has secured a five-year lease for a 4,593 square feet office space at Birchwood, relocating their northern asset finance team from Warrington.
- This relocation is in line with Time Finance’s long-term growth strategy, following a notable 20% turnover increase and a significant 41% rise in pre-tax profits.
- CEO Ed Rimmer highlights the move as crucial for reaching more SMEs with innovative and flexible finance solutions.
- The new Birchwood office is positioned to enhance connectivity and service delivery for Time Finance’s network of broker partners.
Time Finance is setting its sights on growth within the North West region by launching a new office at The Square, Birchwood Boulevard. Taking a five-year lease, the company now occupies 4,593 square feet of office space, strategically positioned to expand their asset finance services. The northern asset finance team, consisting of 40 personnel, transitions from their former Warrington base to this new locale.
This strategic relocation aligns with Time Finance’s broader growth ambitions, coming on the heels of a strong financial year where turnover surged by 20% to £33.2 million and pre-tax profit climbed dramatically by 41% to £5.9 million. Such impressive figures underline the company’s forward momentum and robust position in the market.
Chief Executive Officer Ed Rimmer expressed enthusiasm for this development, describing it as part of an exhilarating growth phase for the company. He emphasised the importance of strategically locating offices across the UK to provide superior service for their broker partners and clients. Time Finance aims to broaden its reach, particularly within the SME sector, through its innovative and adaptable financial solutions.
Steve Nichols, Managing Director of Asset Finance, stated that the Birchwood move represents not just geographical expansion, but also an opportunity to improve team connectivity and deliver services with renewed vigour. According to Nichols, the Asset Finance division is crucial for businesses seeking to grow by acquiring necessary equipment, and when used alongside other services, it enables businesses to access capital tied up in existing assets.
The Birchwood premises are envisioned as a catalyst for Time Finance to reach a broader client base, providing creative funding solutions to enhance business growth. This move is expected to significantly boost their capabilities in serving SMEs throughout the region, reinforcing Time Finance’s commitment to growth and excellence.
The opening of the Birchwood office marks a significant milestone in Time Finance’s strategic expansion within the North West, reflecting their commitment to growth and innovative service delivery.
