Time Finance has appointed Tom Ludden as business development manager within its Invoice Finance division, as the firm accelerates its plans to grow own-book lending to £300m.
Ludden (pictured) returns to the SME finance provider having previously held a business development role at the firm.
With over two decades of experience in the financial services industry, he has also held senior positions at Bibby Financial Services and Ultimate Finance.
In his new role, Ludden will be responsible for driving new business across the Midlands and East Anglia, building relationships with intermediaries and helping SMEs access working capital through invoice finance.
Ludden said: “In our current economy there is a premium placed on working capital within businesses, yet we also have a rumbling issue of late invoices payment which seeks to threaten this – so invoice solutions have never been more valuable for SMEs.
“In my role, I’m looking forward to supporting more businesses with funding solutions that work for them, and helping to unlock working capital to give them the headroom they need to do business.
“Having open and honest conversations with the individuals behind any business is my favourite part of the job. Often we find that businesses need tailored solutions, and as Time Finance works on a case-by-case basis, it gives us the ability to structure more flexible deals for our clients.”
Ludden’s arrival follows a series of strategic hires across the group as Time Finance bolsters its commercial and operational capabilities. Paul Rice recently joined the invoice finance team as business development manager, while Bethan Holliday was named head of operations in the Asset Finance division.
Andy Hume, head of sales (North) at Time Finance, welcomed Ludden’s return to the business. “We’re very pleased to have Tom back in the team here at Time Finance. 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 where we are keen to expand and introduce our multi-product offering to even more businesses,” he said.
