An independent business finance provider has launched new office premises.

Time Finance has opened its new office at The Square at Birchwood Boulevard, as the business looks to expand its asset finance services for SMEs across the UK.

The company has taken a five-year lease and now occupies 4,593 sq ft of the new office space in Birchwood.

Their 40-strong northern asset finance team will be based there, having relocated from their previous premises in Warrington.

This move is part of Time Finance's long-term growth plan, which saw a 20 per cent increase in turnover to £33.2m and a 41 per cent rise in pre-tax profit to £5.9m for the year ending May 2024.

Time Finance will expand its asset finance services from the new office, assisting businesses in sectors such as manufacturing, engineering, construction, recycling, transport, and logistics.

The expanded office will also support the delivery of Time Finance's growing asset-based lending (ABL) service.

This allows businesses to access finance by using existing assets as capital.

Ed Rimmer, chief executive officer at Time Finance, said: "We are on a really exciting growth path as we reach more businesses, particularly SMEs, with our creative and flexible finance solutions.

"Being able to serve our growing portfolio of deals is reliant on investing in our teams across the UK, giving them strategically located offices from which they can provide an exceptional service for our network of broker partners.

"We’re very excited for the future in our new Birchwood premises; it is an important part of our own growth and that of our clients across the North West and beyond."

Ed Rimmer, chief executive officer at Time Finance (Image: Supplied) Steve Nichols, managing director of asset finance at Time Finance, added: "Our relocation to Birchwood represents growth for our asset finance team as we seek to reach more UK SMEs, while also improving our connectivity and giving our team a reinvigorated space to deliver our services.

"Asset finance is a valuable tool for businesses looking to access the equipment they need to grow, but when used alongside Time Finance’s other services as part of a multi-product solution, it allows businesses to access capital tied up in their existing equipment.

"We look forward to reaching even more businesses with our creative funding solutions as we grow in our new office."

Time Finance provides funding solutions to more than 10,000 UK businesses.

As well as invoice finance, UK businesses can take advantage of Time Finance’s portfolio comprising asset finance, business loans and asset-based lending.