Paul Elliott

Timsco Finance aims to offer regulated bridging advice early next year

Timsco Finance has revealed plans to become a "prominent" UK commercial and short-term finance brokerage and is currently in the process of becoming FCA regulated, to offer regulated bridging advice.

The specialist property finance intermediary was incorporated in October 2018.

In an exclusive interview with Bridging & Commercial, Paul Elliott, managing director at Timsco Finance (pictured above), explained that the company was aiming to be one of the “prominent providers of commercial and short-term finance broking in the UK”.

“…We want to make the business as big as we can, so that's why we're taking the time now to make sure that we've got our proposition right. 

“That we’ve got the right tech in place [and] that we’ve got [the potential] external investment, and that we work with the right people who can provide us [with], not just money, [but the] access to experience to help us grow the business sustainably [into] something that can really make a difference in the market.”

Paul added that once Timsco Finance becomes FCA regulated — which he expects to happen in January — the company would be looking to offer both regulated secured loan and regulated bridging advice.

He stated that, when it receives regulatory status, it aims to register with the NACFB and therefore open up a wider proposition for the commercial customers it is dealing with.

“Although we're writing business at the moment, [have] got some good structure [and are] seeing some good numbers, we're really at the stage where we're hoping to be able to come out to market [early in the new year] with a proposition that's going to stand out.”

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