Time Finance appoints invoice finance head in southern UK

UK-based Time Finance has appointed Terry Wolfendale as the new head of sales (South) for its invoice finance division.

The move is part of the company's strategy to enhance its business finance support for small and medium-sized enterprises (SMEs) across London and the South East.

Wolfendale will lead the southern sales division, overseeing efforts to expand the company’s presence and strengthen its brand within the invoice finance market.

As part of its growth strategy, Time Finance aims to expand its lending book to exceed £300m ($398.14m) by 2028.

The company is enhancing its team and technological capabilities across its product portfolio, including multi-product and asset-based lending (ABL) deals.

These solutions enable businesses to unlock finance through existing assets such as invoices, property, stock, or machinery, with funding options ranging from £50,000 to £5m.

Wolfendale brings more than 25 years of leadership experience from roles at Lloyds Commercial Finance, Bibby Invoice Finance, RBS, and Shawbrook. Most recently, he operated his own brokerage, providing finance solutions to SMEs.

Time Finance's invoice finance managing director Phil Chesham said: “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 said: “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.”

Time Finance has confirmed that its financial performance for the 2024-2025 financial year is expected to meet current market expectations.

In a filing to the London Stock Exchange earlier this week, the company highlighted its steady trajectory, supported by strong trading momentum throughout the year. This robust performance continued through March and April 2025.

"Time Finance appoints invoice finance head in southern UK" was originally created and published by Leasing Life, a GlobalData owned brand.

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