Fatal Error returned - First installation

Hi
I have installed my theme and since installed the BeLoans 4 prebuilt siteand followed all the prompts, installed all the plugins it asks for, and when complete, it gives me the following error:

Fatal error: Maximum execution time of 30 seconds exceeded in /home/meratest/public_html/wordpress/wp-includes/class-wp-image-editor-gd.php on line 189
There has been a critical error on your website. Please check your site admin email inbox for instructions.

No email has come through for troubleshooting...

How can I remove the theme and start again? Is there a way to fix this or do I need to Deregister, delete the site and start again?

Thanks 

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