Time Finance, a prominent player in the UK financial services industry, has announced the appointment of Terry Wolfendale as the new head of sales (South) for its invoice finance division. This strategic move is part of the company’s overarching strategy to bolster its business finance support for small and medium-sized enterprises (SMEs) across London and the South East. As part of this initiative, Wolfendale will spearhead the southern sales division, focusing on expanding the company’s market presence and enhancing its brand within the competitive invoice finance sector.
Enhancing Business Finance Support:
Time Finance’s decision to appoint Wolfendale is aligned with its ambitious plans to broaden its lending scope, with a target to surpass a £300 million lending book by 2028. This expansion is underpinned by the company’s commitment to enhancing both its team and technological capabilities across its diverse product portfolio, which includes multi-product and asset-based lending (ABL) deals. These financial solutions are designed to help businesses unlock capital through existing assets such as invoices, property, stock, or machinery, with funding options ranging from £50,000 to £5 million.
A Seasoned Leader at the Helm:
Bringing over 25 years of leadership experience, Terry Wolfendale is well-equipped to lead Time Finance’s southern sales team. His impressive career trajectory includes pivotal roles at renowned institutions such as Lloyds Commercial Finance, Bibby Invoice Finance, RBS, and Shawbrook. Most recently, Wolfendale managed his own brokerage firm, specializing in providing tailored finance solutions to SMEs. His wealth of experience from both the funder and introducer perspectives is expected to be invaluable in structuring complex finance solutions for SMEs.
Positive Market Outlook:
Time Finance’s invoice finance managing director, Phil Chesham, expressed his excitement over Wolfendale’s appointment, stating, “I am thrilled someone of Terry’s calibre will be leading our southern sales team for invoice finance. He brings with him a wealth of experience from both the funder and introducer side of the table, which is an invaluable perspective to have when helping to structure often challenging finance solutions for SMEs.”
Wolfendale himself is enthusiastic about joining Time Finance at a pivotal moment in its growth trajectory. He remarked, “I am excited to be joining Time Finance at such an important juncture in their growth journey. Time has a fantastic reputation in the market – with customers and brokers alike – and I am looking forward to being a part of their continued success. I am particularly excited by the opportunity to work for such a creative and flexible lender, and to help more SMEs access the finance solutions they need.”
Financial Performance and Future Prospects:
Time Finance has also confirmed that its financial performance for the 2024-2025 fiscal year is on track to meet current market expectations. In a recent filing to the London Stock Exchange, the company highlighted its steady progress, supported by robust trading momentum throughout the year. This strong performance has continued through March and April 2025, reinforcing Time Finance’s position as a leading provider of invoice finance solutions.
As Time Finance continues to execute its growth strategy, the company remains focused on delivering innovative financial solutions that empower SMEs to thrive. With Wolfendale at the helm of the southern sales team, Time Finance is poised to strengthen its market position and drive further success in the years to come.
Note: This article is inspired by content from https://www.leasinglife.com/news/time-finance-invoice-finance-head/. It has been rephrased for originality. Images are credited to the original source.