Bath-headquartered alternative finance provider Time Finance has appointed Fozia Riaz as its new head of business improvement in a move it described as key to its long-term growth strategy.
Her arrival comes as the firm enjoys one of its strongest trading years since it listed on the London Stock Exchange’s AIM market in 2006.
Fozia, pictured, will support Time Finance’s long-term strategy to maximise system efficiency, improve the way its work and enhance its data management.
Her role will focus on delivering continual business improvements through technology, data, processes and procedures which align with Time Finance’s ambitious growth strategy.
Fozia joins Time Finance, which specialises in asset, loan and invoice finance products, with more than 20 years’ experience in both the invoice and asset finance industries, most recently holding the role of head of change delivery and data at Skipton Business Finance.
Prior to this she worked for Bristol-headquartered Ultimate Finance as senior project lead, and for Aldermore as national CRM and data manager.
Fozia said: “Joining the Time Finance team at such a key time of the business’s growth strategy is extremely exciting.
“The business has been on an incredible journey and has earned itself a strong reputation within the industry.
“Enabling the business to realise its potential and prepare it for future expansion is a great honour and I’m impressed with their attitude to embracing change as well as their ambition of building a more robust business for the future.”
Time Finance’s strategic growth plan, which is in its fourth year, has already enabled it to expand its lending book to a record milestone of £190m by the end of February.
At the same time it posted a pre-tax profit for the six months to last November, up by 35% to £2.7m, on revenue 19% higher at £15.7m.
Time Finance group head of operations Sharon Bryden added: “I’m thrilled that Fozia has decided to join the Time Finance team, she has a wealth of experience and knowledge which will enable us to establish a culture of continuous improvement within the business.
“Our strategy for growth requires us to be at the very top of our game using technology, data and our people to deliver true business excellence.”
