Time Finance has announced the return of Tom Ludden as Business Development Manager within its Invoice Finance division, as part of the company’s strategy to grow its own-book lending to £300 million.
According to a company press release, Ludden brings over 20 years of experience in the financial services sector, having previously held roles at Bibby Financial Services and Ultimate Finance. He re-joins Time Finance after previously serving in a similar business development capacity.
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In his new role, Ludden will focus on sourcing new business opportunities and developing relationships with intermediaries across the Midlands and East Anglia. The company described the appointment as a key part of its ongoing investment in regional expansion and client-focused financial solutions.
“In our current economy there is a premium placed on working capital within businesses,” Ludden said, adding that issues like late invoice payments make invoice finance solutions “more valuable than ever” for SMEs. He noted his enthusiasm for “helping to unlock working capital” to give businesses the “headroom they need to do business.”
Ludden highlighted the value of open dialogue with clients, saying that tailored solutions are often necessary and that Time Finance’s case-by-case approach allows for “more flexible deals.”
His appointment follows a series of recent hires at Time Finance. The company recently brought in Paul Rice as Business Development Manager to further bolster its Invoice Finance team, and Bethan Holliday as Head of Operations in its Asset Finance division.
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By GlobalDataAndy Hume, Head of Sales (North) at Time Finance, welcomed Ludden back to the team, stating, “He has a wealth of experience within the finance industry and his appointment will no doubt help us achieve substantial growth within key regions of the country.”
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