News
1 in 5 Businesses Struggling To Remain Competitive As Inflation Reaches 40 Year High
In the wake of inflation reaching a 40-year high of 9.4%, Time Finance has revealed its latest data around the cost of doing business crisis. The company has investigated the true impact currently being felt by UK businesses, as they grapple with rising energy, wage bills and fuel costs, not to mention increased National Insurance, supply chain issues and inflation. The survey found that 91% of the nation's SMEs have been forced to hike their own prices as a result of this, in order to keep up with
Paul Seddon Joins Time Finance As Head of Credit
Time Finance is pleased to announce 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 they continue to increase their lending to UK SMEs looking to invest in business-critical equipment. 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
Cost of Living Crisis Prevents 1 in 5 SMEs From Investing
Times Finance is warning that scaling back investment will have a wider economic impact. This is as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business. As part of a survey to expose the extent of challenges currently facing businesses, Time Finance also found that one in ten firms are unable to meet their existing financial commitments. The new data comes as the recently appointed Cost of Living Tsar is set to roll