The move reflects the firm’s growth since its launch in 1999, as well as the acquisition of seven lending and broking businesses over the years.
Six of the companies within the AIM-listed 1pm Group — Onepm Finance, Academy Leasing, Bradgate Business Finance, Intelligent Loans, Positive Cashflow Finance, and Gener8 Finance — will be renamed under the Time Finance brand.
The group’s seventh company acquired, a vehicle finance brokerage in Birkenhead, will continue to trade as Car Finance 2U.
Time Finance will continue to operate from Bath, Cardiff, Abingdon, Manchester and Warrington.
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Ian Smith, CEO at Time Finance (pictured above), said: “As an ambitious and forward-thinking business, now is the right time to capitalise on our development as a group.
“Having pursued a successful acquisition strategy, Time Finance has seen a period of sustained growth, resulting in £150m of funding being provided or arranged annually for more than 20,000 businesses across the UK.
“Time Finance reflects who we are as a business today, as well as our ambition to become a recognised force for UK businesses seeking a fast and flexible choice of finance to support their growth."
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