Time Finance has supported Shetland-based R.A.M Knitwear with a £75,000 asset finance facility, enabling the business to invest in new Shima Seiki knitting machinery and position itself for a broader phase of growth.
The funding has allowed R.A.M Knitwear to increase production capacity, expand its product range and move into larger premises. The transaction highlights how targeted asset finance can support smaller UK businesses at key inflection points, particularly where capital equipment directly improves output, operational resilience and revenue potential.
Founded by Roisin McAtamney, R.A.M Knitwear produces bespoke knitted products using surplus luxury yarns, including merino wool, silk and lambswool. Its model combines craftsmanship with a sustainability-led approach, using high-quality materials that may otherwise be underutilised. That positioning gives the business relevance in a market where provenance, responsible sourcing and product differentiation remain important drivers of customer interest.
The new Shima Seiki machine is central to the company’s next stage of development. By improving manufacturing capability, the investment reduces reliance on older equipment and gives the business greater scope to meet demand. It also supports product diversification, which can help reduce concentration risk and create a stronger platform for future sales.
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.
