Member Article

New appointment at Ultimate Construction Finance Ltd

Ultimate Construction Finance Limited has appointed Tim Wilkinson as its new Sales Director. The business delivers realistic and sustainable working capital solutions to the first tier sub-contractor sector. Funds are released against uncertified applications for payment on a confidential, non-disclosed basis.

Joining from Bibby Financial Services, Tim was one of the founder members of its Construction and Contract Finance Team and is an experienced professional with a specialised understanding of the construction industry. During his time there he was focused on delivering bespoke, industry specific receivables finance solutions to the construction and contracting sectors.

Martin Bennison, Managing Director of Ultimate Construction Finance Limited, said: “Tim is a significant new addition to the team, using his expertise to spearhead our launch of specific and bespoke construction finance solutions. The UK construction environment remains challenging for many sub-contractors and those with adequate funding facilities will have the best chance of winning new contracts and continuing to perform on existing contracts. Ultimate Construction Finance may well be a solution to that challenge for many sub-contractors.”

Tim Wilkinson, Sales Director, adds: “I’m delighted to have joined Ultimate Construction Finance - its approach to funding 1st tier sub-contractors in the construction arena is refreshing, innovative and exciting. I look forward to utilising my deal structuring and analysis skills, along with my construction industry knowledge to full effect.”

He adds: “We are seeing that payment terms from many main contractors are increasing and this is putting additional pressure on numerous sub-contractors who would like to do more work but do not have the working capital to fund the increasing gap between payment being requested and payment actually being made.

“While many firms will have a funding facility in place, the Ultimate Finance specialist Construction Finance offering is providing a platform for growth at a time when the wider industry is still struggling to obtain funding and working capital facilities. A smooth cash flow will always be key to the success of a business and firms across the board need to be aware of the funding options available to achieve that, such as Ultimate Construction Finance, which is a flexible facility designed to grow with the success of the firm.”

This was posted in Bdaily's Members' News section by Ultimate Finance Group .