Time Finance opens new office in Birchwood, advancing its asset finance services for SMEs.
- The company occupies a 4,593 square feet office space, relocating from Warrington.
- This move aligns with a 20% turnover increase to £33.2m and a 41% pre-tax profit rise.
- CEO Ed Rimmer emphasises the strategic importance of the new location.
- Steve Nichols highlights enhanced connectivity and service delivery for the Asset Finance team.
Time Finance has opened a new office at The Square at Birchwood Boulevard, marking a strategic move to bolster its asset finance services. This relocation involves a five-year lease for a substantial 4,593 square feet of office space, previously situated in Warrington. The new premises will house the northern asset finance team, strengthening their operations and outreach to SMEs across the region.
This development is part of Time Finance’s broader growth strategy, which is underpinned by the company’s impressive financial performance. Over the past year, the firm recorded a 20% increase in turnover, reaching £33.2 million, and saw pre-tax profits escalate by 41% to £5.9 million. Such robust figures underline the company’s successful business model and its capacity to scale operations effectively.
Ed Rimmer, the CEO of Time Finance, articulates the significance of this expansion, underlining the company’s commitment to reaching more businesses with innovative finance solutions. Rimmer mentions that the investment in strategically located offices is crucial for delivering exceptional service to their broker partners, and the new Birchwood location exemplifies this approach.
Furthermore, Steve Nichols, Managing Director of Asset Finance at Time Finance, comments on the relocation’s benefits for the team. He notes that the new Birchwood office not only represents spatial growth but also enhances the team’s connectivity and operational capabilities. Nichols further elaborates on the value of asset finance as a tool for businesses to access necessary equipment, highlighting how it integrates with Time Finance’s other services as part of a comprehensive funding solution.
The establishment of the Birchwood office marks a significant step in Time Finance’s continued growth and service enhancement.
