Bath-headquartered specialist lender Time Finance has boosted its asset finance division with the appointment of Dan Hindmarsh as broker manager.
Dan, pictured, has joined with more than five years’ industry experience, having started his career as a customer services representative at Aldermore Bank where he managed relationships with a broad portfolio of clients.
He then moved into a business development role with Metro Bank, educating brokers on the benefits of asset finance and helping their clients access flexible funding facilities to enable investment in key pieces of equipment.
At Time Finance, which also specialises in loan and invoice finance products, Dan has taken on responsibility for building and maintaining strong broker relations while expanding its asset finance offering in the South East.
He said: “It’s a really exciting time to be joining the Time Finance team, who have an excellent reputation within the business finance sector for their wide-ranging product portfolio, their responsiveness to brokers and clients’ needs, as well as their expert-led teams.
“I look forward to introducing Time Finance’s asset finance solutions to my brokers and their clients as investment remains top of the agenda and businesses continue to look for affordable solutions to help facilitate growth.”
Dan’s arrival follows a series of appointments and promotions over the summer, including Abbie Mosley, who joined as broker manager in the North, Rebekah Middleton, who is now the firm’s head of hard & soft asset, and head of operations Joe Ralphs.
Time Finance director of asset finance Carol Roberts said this demonstrated the firm’s commitment to investing in its people as well as delivering a strong asset finance solution to small and medium-sized businesses.
“Dan will no doubt be a fantastic addition to our team, and we are delighted to have him on board as we continue to expand our presence across the UK,” she said.
“His appointment comes at a pivotal time, with our latest quarterly survey revealing that 80% of UK businesses plan to turn to alternative finance solutions to fund key investments over the next six months.
“As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses that are looking to invest in the vital pieces of equipment they need to achieve innovation and growth.
“We have ambitious plans to continue enabling SMEs to gain easy access to our asset finance solutions and Dan’s appointment will help us in achieving this.”
Time Finance, which rebranded from its original name of 1pm last year, increased profits before tax, exceptional items and share-based payments in the 12 months to the end of May by 3% to £3.1m on revenues down 17% at £24.2m.
