Time Finance has announced the appointment of Jake Smedley as business development manager (BDM) in its invoice finance team.

Smedley (pictured) joins the firm with a background in corporate insolvency and alternative finance, having spent the last six years supporting businesses through recovery and turnaround plans in addition to helping them to seek finance solutions for growth.

In his new position at Time Finance, he will be responsible for building and maintaining strong introducer relations in the Yorkshire, Humberside and Lincolnshire regions, helping their clients to unlock additional working capital through invoice finance solutions.

Smedley said: “I’m really pleased to join Time Finance. They have an excellent reputation for not only taking the time to source the right solutions for clients, but delivering funding swiftly and maintaining high client retention figures. It’s great to be a part of the team.

“Moving into this role comes at an opportune time. Businesses in Yorkshire, among many regions, are facing a lot of challenges right now, whether that be rising costs, cashflow issues, supply chain disruption or simply lack of access to finance to grasp hold of opportunities. I’m looking forward to working closely with my introducer network to spot opportunities and react swiftly to aid business confidence and support their growth.”

Andy Hume, head of sales at Time Finance, added: “Jake is a great addition to our team, and we are delighted to have him on board as we continue to expand our presence across the UK.

“As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses who are looking to release additional working capital for additional headroom and growth. We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to our invoice finance solutions and Jake’s appointment will help us in achieving this.”