Time Finance has taken a significant step by opening a new office at Birchwood Boulevard.
- This expansion is part of its strategy to grow its asset finance services across the North West.
- The new facility in Birchwood replaces the previous premises in Warrington and houses a 40-member team.
- Financial success and increased turnover have prompted this strategic move by Time Finance.
- Key company leaders express excitement about reaching more SMEs with innovative finance solutions.
Time Finance has strategically opened a new office at The Square on Birchwood Boulevard as part of its ambitions to enhance asset finance services for small and medium-sized enterprises (SMEs) in the North West. This decision reflects a forward-driven approach to meeting growing demands and extends the company’s reach in a critical market area.
The newly occupied space spans 4,593 square feet and becomes the new home for Time Finance’s northern asset finance team, comprising 40 members who recently relocated from Warrington. This relocation is not merely logistical but signifies a commitment to growth and the potential to serve clients more effectively.
The company’s move to Birchwood follows a robust financial performance in the previous year, where it recorded a 20% increase in turnover, reaching £33.2 million. Pre-tax profits also saw an impressive 41% rise to £5.9 million for the year ending in May 2024. These financial achievements underscore the company’s robust business model and readiness for expansion.
Chief Executive Officer Ed Rimmer articulated the company’s intent, stating, “We are on a really exciting growth path as we reach more businesses, particularly SMEs, with our creative and flexible finance solutions.” The emphasis is on providing strategic office locations to enhance service delivery and support the extensive network of broker partners.
Steve Nichols, Managing Director of Asset Finance, echoed these sentiments, highlighting the relocation as a pivotal point for the team’s growth. He emphasised that asset finance is integral for businesses in need of essential equipment, especially when used with Time Finance’s multi-product offerings. ‘We look forward to reaching even more businesses with our creative funding solutions as we grow in our new office,’ he remarked.
The development at Birchwood represents more than just new premises; it is reflective of Time Finance’s broader strategic growth plan. By ensuring improved connectivity and a revitalised working environment, the company aims to strengthen its service offerings and increase its operational efficiency in serving its clients.
Time Finance’s new Birchwood office marks a promising chapter in expanding their asset finance services for SMEs.
