Paul Seddon joins Time Finance as Head of Credit

By Nick Batten on 29 July, 2022

Bath headquartered consumer lending company Time Finance has announced the appointment of Paul Seddon as Head of Credit.

In this newly created role, Paul will help to strengthen and shape the firm’s Asset Finance proposition as it continues to increase its lending to UK SMEs looking to invest in business-critical equipment. He will work closely with the Director of Risk to help develop and shape Time Finance’s credit risk framework, appetite, and policies as well as deliver their Asset Based Lending (ABL) proposition.

Paul brings over 40 years’ experience to the role having built a credible career in Risk Management, with an increasing focus on managing commercial Asset Finance portfolios through underwriting and monitoring of agreements. He joins Time Finance having held roles at Aldermore Bank, Alliance and Leicester Commercial Finance, Handelsbanken, and Royal Bank of Scotland (RBS).

Paul said, “The opportunity to join Time Finance was an exciting prospect and comes at a crucial time, whereby contributing to the growth of UK businesses is essential for the health of our economy and enabling adequate access to finance is key. I look forward to working with the wider business to ensure that credit decisions are made on fair and solid judgement, and that funds are administered swiftly so that our clients can move forward with their investment and growth plans.”

Lorraine Neyland, Director of Risk of Time Finance added, “Paul is a fantastic appointment for our team. With a proven track record behind him and a wealth of experience in the Asset Finance industry, he will be a great addition to the business. His role will be essential in helping us to strengthen our proposition to market and continue our growth strategy as we look to increase our support for businesses looking to invest, grow and thrive.”

Time Finance specialises in the provision or arrangement of funding solutions to over 20,000 UK businesses seeking to access the finance they need to realise their growth plans. 

Pictured above: Paul Seddon, Head of Credit at Time Finance