Time Finance confirms Ed Rimmer as permanent CEO

By Nick Batten on 17 June, 2021

Bath- based Time Finance has announced that Ed Rimmer is to be its permanent CEO with immediate effect.

Having previously held the position of Chief Operating Officer until April 2020, Ed was reappointed as Interim CEO three months ago. He brings with him a wealth of experience having built a highly credible career over 25 years and boasts a strong commercial, financial and operational track record in financial services.

Ed initially joined the Group in 2017 as Managing Director of its newly established Commercial Finance division. Prior to that he was UK CEO of Bibby Financial Services, rapidly building the business and doubling its profits to become the largest independent operator in the invoice finance market. He is a well-respected and proven Chief Executive with an exceptional record and was a natural choice for the business.

Over the last three months, he has reacquainted himself with the business and has outlined a new strategy for Time Finance over the coming years.

Time Finance is an AIM listed firm that specialises in the provision 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.

As the market continues to improve, Time Finance is confident that under Ed’s leadership the business is well-positioned to take advantage of the opportunities that should arise over the coming months and beyond.

Speaking about his appointment, Ed remarked,  “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 is 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.”

John Newman, Chairman of Time Finance added, “We are delighted to have secured Ed’s talents on a permanent basis. He is a well-respected and proven Chief Executive with an exceptional record and was a natural choice for the Group. Not only does he bring an enormous depth of experience of the wider Financial Services market from his time with Bibby, but he also has an in-depth understanding and grasp of the Group from his time as its COO. We are excited about the vision and leadership that he will bring to the business and for the future of the Group.”

Pictured above: Ed Rimmer, Chief Executive Officer of Time Finance