UK-based lender Time Finance expands into materials handling sector with a new team led by Phil Blea, focusing on asset finance solutions for heavy machinery industries like manufacturing. Blea’s experience in asset lending and vendor finance will aid in growing Time Finance’s hard asset offerings, aligning with a £300m lending target over three years.

Time Finance achieves record lending of £217m in 2025, aiming to support UK businesses with funding solutions for growth initiatives. The company offers asset finance, invoice finance, business loans, and asset-based lending. The move into materials handling is part of a broader strategy to enhance sector-specific funding and multi-product solutions.

With the appointment of Phil Blea as regional sales manager, Time Finance aims to strengthen its presence in the materials handling market, aligning with a three-year growth strategy. The company’s asset finance managing director Steve Nichols emphasizes the importance of sector-specific funding and tailored solutions for key industries to support business growth.

Read more at Yahoo Finance: Time Finance forays into materials handling segment with new team