Rebrand to unify service offering following series of successful acquisitions
1pm plc, the independent specialist finance provider to UK businesses has announced that it has changed its name to Time Finance plc. The move follows years of significant and sustained growth for the firm since its inception in 1999, as well as the acquisition of seven individual companies. As such all companies within the AIM-listed 1pm Group will be renamed under the Time Finance brand.
The rebranding reflects the evolution of the business over a number of years, culminating in the recent completion of its buy and build acquisition strategy which has resulted in a portfolio of seven lending and broking businesses. The change to Time Finance supports the strategic objective of becoming a recognised force within the alternative finance market. It unifies the whole group of companies – Onepm Finance, Academy Leasing; Bradgate Business Finance; Intelligent Loans; Positive Cashflow Finance and Gener8 Finance – under one consistent brand and identity.
Ian Smith, CEO of Time Finance comments: “As an ambitious and forward-thinking business, now is the right time to capitalise on our development as a Group. Having pursued a successful acquisition strategy, Time Finance has seen a period of sustained growth resulting in £150m of funding being provided or arranged annually for more than 20,000 businesses across the UK. Rebranding the business to consolidate and strengthen our offering is the next step for us. Time Finance reflects who we are as a business today, as well as our ambition to become a recognised force for UK businesses seeking a fast and flexible choice of finance to support their growth.”
Time Finance is committed to ensuring that UK businesses and their owners can access a multi-product range of funding solutions from Asset Finance, Invoice Finance, Loans and Vehicle Finance to support their growth plans. At a time when businesses are being tested to the limit with the Covid-19 crisis and Brexit imminent, the ability to maintain a healthy cashflow, safeguard jobs, and continue with projected growth plans, is being felt more acutely than ever.
As Ian continues: “At Time Finance we understand that running a business is challenging and funding can mean the difference between standing still or achieving growth. Businesses need to feel confident about their financing in a market where accessing finance isn’t as easy as it could be. As a finance provider we are committed to solving their needs through our range of financial solutions by offering the right solution at the right price, whatever the size of business. This is positive news for our clients and our introducers as we work together to deliver a more comprehensive solution to the needs of UK business.”
The new brand pays homage to the Company’s origins as 1pm (derived from ‘one payment monthly’) and takes its inspiration from the notion that both time and finance are two of the most valuable assets to a successful business. Time Finance will continue to operate from five locations across the UK – Bath, Cardiff, Abingdon, Manchester and Warrington. The Group’s vehicle finance brokerage in Birkenhead providing used vehicle finance to consumers will continue to trade as Car Finance 2U.