Time Finance, which rebranded from its previous name of 1pm plc last December, has confirmed Ed Rimmer permanent CEO. Having previously held the position of Chief Operating Officer until April 2020, Ed was reappointed as Interim CEO three months ago.
He initially joined the Bath-based Group, which also has offices in Abingdon, Oxfordshire, in 2017 as Managing Director of its newly established Commercial Finance division. Prior to that, he was UK CEO of Banbury headquartered Bibby Financial Services, building the business and doubling its profits to become the largest independent operator in the invoice finance market.
Time Finance specialise in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. UK Businesses can take advantage of an extensive portfolio comprising: Asset Finance, Invoice Finance, Loans and Vehicle Finance.
Ed said: “Time Finance is a strong business operating in a sector that has played a critical role helping small businesses across the UK through the disruption of Covid-19. Our industry holds a unique opportunity to inspire confidence and growth in the UK SME market and to support businesses who are looking to recover and grow in post covid times. I am confident that Time Finance are in a great position to lead the sector in doing so. We have exciting plans to further develop our business as a multi-product independent SME funder helping businesses to recover and grow and I look forward to leading the business through the next stage of its journey.”