Time Finance has reinforced its commitment to supporting UK SMEs by delivering a tailored £650k asset-based lending facility to SpeedFlex Engineering. This strategic funding solution is set to accelerate the Midlands-based company’s ambitious growth plans, providing the financial backing needed to scale operations and strengthen its market position.
SpeedFlex Engineering, headquartered in Stourport-on-Severn, plays a vital role in the aerospace, automotive, and gas turbine industries. With turnover surging from £500k to £1.6m, the company sought additional funding to sustain its upward trajectory. Managing Director Stephen Dunstall turned to The Director’s Choice for guidance, leading him to Time Finance—a lender recognised for its flexible, multi-product approach.
To meet SpeedFlex’s immediate and future financial needs, Time Finance structured a bespoke funding package comprising a £250k confidential invoice finance facility and a £400k asset finance facility. This dual approach allowed the business to unlock capital from its existing assets while strengthening cash flow for continued expansion.
Sam Evans, Regional Sales Manager at Time Finance, highlighted the impact of the collaboration, noting how swiftly the finance team worked to secure funding before the year-end slowdown. He praised the teamwork with Invoice Finance specialist Rob Walters in converting financial pressures into strategic opportunities for SpeedFlex.
Stephen Dunstall echoed this sentiment, commending Time Finance for its people-first approach. He emphasised the lender’s efficiency and transparent communication, crediting the team for turning both funding deals around in just three weeks. He described the process as seamless, with every aspect tailored to the company’s unique needs.
Time Finance continues to empower SMEs with innovative, flexible funding solutions, ensuring businesses like SpeedFlex Engineering have the resources they need to thrive.
SpeedFlex Engineering specialises in manufacturing high-precision components for key industries, contributing to the strength of the UK economy.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
